Tag: POSCO

As a forward-looking business that provides engineering, plant building and lifecycle services for the metals industry, Primetals Technologies offers a broad spectrum of expertise that covers everything from integrated electrics and automation, digitalization, environmental solutions and much more. The industry front-runner has hand-picked a team of experts to lead the transition with Dr. Alexander Fleischanderl at the helm. In a riveting conversation Dr. Fleischanderl, Head of Green Steel, Primetals Technologies, elucidates why the company is a one-stop shop for all your green steel needs.

Ten companies registered their names on the Sustainability Champions this year, and POSCO held the honor to be selected as the Sustainability Champion both last year and this year.

As part of POSCO’s strategy to achieve carbon neutrality by 2050, the company is actively engaged in activities to secure low-carbon steel raw materials in Australia.

Effective decarbonisation of the steel sector is being touted as a key wedge for achieving net zero emissions by 2050. And for quite some time now, there has been a pressing need to have a consistent set of rules, guidelines, or definition of low-emissions steel, aka green steel. On 14 September 2022, ResponsibleSteel launched the International Standard V2.0 in a bid to increase reliability, ensure consistency, enable buyers to specify what green procurement means and maximise steel’s contribution to a sustainable society.

POSCO and DNV signed a Memorandum of Understanding for the certification of steel products applied in the wind power sector and started the certification process in March.

The sites are Pohang and Gwangyang Steelworks in South Korea operated by POSCO together with the Jamshedpur site in India operated by Tata Steel.

China, India, Japan, and South Korea’s combined production of crude steel accounted for nearly 68% of the world’s total production in 2021 as per the World Steel Association data. While most from the region kept their decarbonisation plans under wraps, in December 2020, South Korean steel giant POSCO became the first to officially declare a carbon-neutral plan by fostering the hydrogen industry.

Steel is the essential material needed to build strong, lightweight tubes for the hyperloop that can withstand an internal low air pressure with sufficient rigidity.

The ResponsibleSteel Standard is unique in addressing not only climate change but other issues also across the whole ESG spectrum.

The two companies plan to promote green hydrogen/ammonia production project based on renewable energy and pumped-storage hydroelectricity (PSH) in India.