POSCO, South Korea’s leading steelmaker, is embarking on a journey with its hydrogen reduction steel technology. After 50 years of growth, the company is gearing up for the next 50 years by committing to commercialize its HyREX technology by 2030 and transform its key steel plants in Pohang and Gwangyang entirely to this new steelmaking process by 2050.
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South Korean steel giant POSCO is taking bold strides to be at the forefront of this revolution. With its sights set on net-zero emissions, POSCO is embarking on a major green hydrogen project in Oman’s Special Economic Zone (SEZ) in Duqm.
POSCO, one of the world’s largest steel producers, is embarking on a journey towards more sustainable steel production in Australia. In a bid to achieve carbon neutrality by 2050, the company is exploring the possibility of producing HBI (Hot Briquetted Iron) using green hydrogen.
South Korean steelmaker Posco and French renewable energy giant Engie are joining forces to explore the feasibility of a massive renewable hydrogen project in Western Australia. This project could provide the essential fuel for a green iron venture planned in the Pilbara region.
PTTEP (PTT Exploration and Production Public Company Limited) and POSCO Holdings have joined forces once again, this time to explore groundbreaking opportunities within the realms of blue and green hydrogen as well as Carbon Capture and Storage (CCS) projects. This strategic partnership aims to propel clean energy initiatives forward while fostering robust and environmentally responsible business growth.
In Oman, a consortium led by ENGIE and POSCO has secured a 340 sq kilometre land block in Duqm to develop a mega green ammonia project.
Posco Holdings Inc., South Korea’s largest steelmaker, has witnessed an unprecedented surge in its stock prices, jumping as much as 24% on the back of strong quarterly profits and soaring retail investor interest in electric vehicle (EV) battery-related companies.
POSCO, the driving force behind Korea’s manufacturing industry for the past 50 years, is embarking on a groundbreaking journey to develop hydrogen reduction Ironmaking technology.
Korea Western Power, a leading energy company, has entered into a partnership with Tallgrass Energy, a local energy company in the United States, to jointly develop a green hydrogen and ammonia production project.