POSCO plans to achieve carbon neutrality by 2050 through its HyREX technology, a unique eco-friendly hydrogen reduction steelmaking model.
POSCO Group is establishing an eco-friendly production system to achieve the 2050 carbon neutrality goal.
When complete in 2026, the project will produce 1.2 million tonnes of green ammonia per year for the purposes of decarbonising industries.
POSCO plans to enter the demonstration stage from 2025 without a pilot stage and verify HyREX technology in 2030.
The World Steel Association has been selecting companies that lead the sustainability of the industry.
The panel includes 8 external experts who will advise on strategies for fields such as steel and CCUS technologies.
POSCO Group jointly invested with Hancock in Roy Hill mine in 2010 and has been operating it successfully.
POSCO has also been selected as the “World’s Most Competitive Steelmaker” for 12 consecutive years.
Engie and POSCO have signed an MOU to explore green hydrogen production and related infrastructure.
In a three-part series, POSCO recently explored the connection between hydrogen and steel. In this article POSCO focus on how hydrogen can be used in the steelmaking process.
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