A DRI project typically involves four phases to move from concept to completion:

Study

  • Identify the basic concept of the project and perform a pre-feasibility study.

Planning

  • Midrex performs a feasibility study to determine the most effective technology configuration and basic plant design, as well as to evaluate project economics and identify financing options.

Contracting

  • Midrex, the selected construction partner, and the client sign the project contracts and agreements after preliminary engineering, specifications, and materials are finalized.

Implementation

  • Midrex and the construction partner perform the basic and detailed engineering and procure the key plant equipment.
  • Product delivery schedules are established.
  • Financing is finalized.
  • The construction partner installs the plant and a start-up and commissioning team of Midrex and construction partner personnel puts the plant into operation.

Construction Licensees

Midrex has been the technology partner of various international companies throughout its history that have built plants based on the MIDREX® Direct Reduction Process and participated in their successful start-up and commissioning. These companies, known as MIDREX Construction Licensees, have been selected for their expertise in project and construction management, process design and engineering, and often project financing.

Each Construction Licensee is an acknowledged leader in its field and exhibits the technical competence, adherence to completion schedule, and performance excellence that are the hallmarks of MIDREX Plant projects. This makes for a strong and mutually supportive technical team and assures the utmost customer value.

 

MIDREX Construction Licensees include:

Project Financing

One of the most challenging aspects of project development can be financing and risk mitigation. Customers undertaking big capital expenditure programs often borrow money to finance rather than fund entirely from their own resources. Financing allows a customer to defer payment until the project is constructed, so that earnings from the project can be used to repay the loan. There are several project financing sources available.

Midrex UK, Ltd. guides customers through the process to match them with the proper project financing solution. Located in London, England, Midrex UK Ltd. is in one of the world’s most notable financial hubs and thus provides customers with access to a valuable financing resource, the UK Export Financing (UKEF). Closely collaborating with the UK Export Financing (UKEF) to facilitate client access to the Export Credit Agency (ECA), a leading international-recognized financing model used for large-scale projects.

The Latest From Midrex
March 25, 2020

Direct from Midrex Journal 1Q 2020 Direct From Midrex

Read More
February 13, 2020

Press Release KC Woody named Chief Operating Officer of Midrex Technologies, Inc.

Read More
January 20, 2020

Story Living our Purpose: Danny’s Volunteer Trip to Kenya

Read More
December 30, 2019

Direct from Midrex Journal 4Q 2019 Direct From Midrex

Read More
December 16, 2019

Video 2019 Midrex Year in Review

Read More
October 9, 2019

Press Release Midrex announces the opening of new office in Dubai

Read More