OCBC Bank committed financial backing for Green eSteel's $1.5 billion hot briquetted iron project targeting Asian low-carbon steel markets. Hot briquetted iron production via natural gas-based direct reduction generates 0.7-1.0 metric tons of CO₂ per metric ton, representing 40-50% emissions reduction versus traditional blast furnace routes. The product serves as premium electric arc furnace feedstock containing 90-95% metallic iron alongside consistent specifications. The project addresses growing Asian demand as electric arc furnace capacity expands while regional scrap availability remains constrained. Production economics depend critically on natural gas pricing, typically representing 40-50% of total costs. The financing structure likely combines senior debt, mezzanine financing, & sponsor equity alongside potential export credit agency or development bank participation.