Metals & Minerals
POSCO Delves into Hydrogen-Based Steelmaking
Based on 2019 data, approximately 19% of the greenhouse gases in South Korea are emitted from steelmakers
Released Monday, September 26, 2022
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Researched by Industrial Info Resources (Sugar Land, Texas)--Based on 2019 data, approximately 19% of the greenhouse gases in South Korea are emitted from steelmakers, with POSCO's (Pohang, South Korea) emissions accounting for a substantial portion of this.
In July, POSCO signed a memorandum of understanding with Primetals Technologies (London, England) to develop a demonstration plant for hydrogen-reduction steelmaking.
The hydrogen-based steelmaking technology that POSCO will apply to a planned demonstration plant is different from technologies promoted by European, U.S., Chinese and other overseas steelmakers using a shaft furnace. POSCO says that its technology can reduce more carbon dioxide because it does not need a pre-treatment process of iron ore pelletizing.
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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) 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 over 200,000 current and future projects worth $17.8 trillion (USD).
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