South Korea's POSCO to Introduce Electric Arc Furnaces Hero Image

Metals & Minerals

South Korea's POSCO to Introduce Electric Arc Furnaces

POSCO (Pohang, South Korea) is upping its carbon-neutrality plan from a 10% reduction by 2030 to 35% by 2035

Released Wednesday, November 01, 2023

Subscribe to our Newsletter

Reports related to this article:

Researched by Industrial Info Resources (Sugar Land, Texas)--POSCO (Pohang, South Korea) is upping its carbon-neutrality plan from a 10% reduction by 2030 to 35% by 2035. The company's latest steelmaking technology, HyREX, which uses a hydrogen reduction method, is expected to be "net-zero" after 2050.

Until the HyREX technology is established, POSCO plans to introduce electric-arc technology to extend the life of blast furnaces. Industrial Info is tracking more than US$1.8 billion worth of active and planned furnace-development projects from POSCO.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).

/iirenergy/industry-news/article.jsp false

Share This Article

Want More IIR News Intelligence?

Make us a Preferred Source on Google to see more of us when you search.

Add Us On Google

Please verify you are not a bot to enable forms.

What is 50 + 2?

Ask Us

Have a question for our staff?

Submit a question and one of our experts will be happy to assist you.

By submitting this form, you give Industrial Info permission to contact you by email in response to your inquiry.

A glowing computer chip is placed on a dark blue circuit board. Bright blue lines and nodes create a futuristic, technological ambiance.

Explore Our EnergyLive Tools

EnergyLive Tools provide instant insight into new build, outages, maintenance, and capacity shifts across key energy sectors.

Explore Our Tools
Dimly lit data center with rows of towering black server racks, glowing blue lights, and a sleek, futuristic ambiance.

Explore Our Enery Industry Reports

Gain the competitive edge with IIR Energy’s suite of energy market reports, designed for traders, analysts, and asset managers who rely on verified, real-time data.

View Reports