Hyundai Steel to Make Dangjin Steel Mill Greener

Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Steel (Seoul, South Korea) plans to reduce its carbon emissions by 12% by 2030 as part of its efforts to achieve carbon-neutrality by 2050. Instead of using blast furnaces that emit large amounts of carbon dioxide, Hyundai Steel will build a lower-emissions electric arc furnace at its steel mill in Dangjin, South Korea. The company also plans to build a liquefied natural gas-fired power plant to supply the facility's power needs. The furnace project is expected to occur this year, and construction on the power plant will begin next year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can learn more by viewing the project reports.

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