Hyundai Steel Seeks Lower Emissions from Furnaces

Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Steel (Seoul, South Korea) plans to reduce its direct and indirect carbon emissions 12% by 2030, as part of its efforts to achieve carbon neutrality by 2050.

Instead of using blast furnaces, which emit massive amounts of carbon dioxide (CO2), the company will build its own electric furnaces. As a first step, Hyundai Steel is renovating one of its existing furnaces in South Korea to establish a combined electric furnace and blast furnace process. It is supporting the project with a 499-megawatt (MW) power plant.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can learn more from detailed project reports on the furnace and power plant, and a detailed plant profile.

Industrial Info is tracking US$1.25 billion worth of projects from Hyundai Steel. Subscribers 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).