POSCO to break ground on hydrogen-based steel plant
South Korean steelmaker POSCO is preparing to break ground this month on a pilot facility for hydrogen-based steelmaking, with a capacity of 300kt/yr at its Pohang steel complex in North Gyeongsang Province.
Scheduled for completion in 2026, the facility will begin testing the production of low-carbon steel, which the company hopes will ultimately reduce its carbon emissions by up to 90%.
POSCO said the pilot plant will be the world’s first of its kind to use fluidized bed reduction reactors (HyREX) and widen its gap with rival steelmakers. It aims to reach carbon neutrality by 2050.
Read more from Steel Times International
Date posted 02/06/2023
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