POSCO Group has announced plans to invest in Hyundai Steel's proposed Louisiana steel mill project, representing collaboration between two major South Korean steel producers in advancing hydrogen-integrated steel production in North America.
POSCO announced $6.5 billion in investment for hydrogen technologies by 2030. It’s pushing hydrogen-based steel production and zero-carbon processes[3].
Founded in 1968, POSCO is one of the world’s largest steelmakers. Historically reliant on imported Australian raw materials, it recently strengthened partnerships with Australian resource firms and has invested in Roy Hill Mine and Senex Energy. POSCO is heavily investing in low-carbon steel and clean energy ecosystems
POSCO is involved in developing a next-generation stainless steel (316HN) specifically designed to mitigate hydrogen embrittlement for liquid hydrogen storage containers.
POSCO is participating in the liquid hydrogen fuel development collaboration, contributing expertise in steel technology for H2 container manufacturing and fuel transportation.
One of the five major South Korean conglomerates investing in the hydrogen economy. POSCO is investing in methods to harness hydrogen as an alternative to coal in steel production.
South Korean partner of FuelCell Energy operating a manufacturing facility in South Korea where fuel cell modules will be produced to expand local manufacturing and reduce costs.
One of the largest private energy producers in South Korea, leading the development and operation of the world's largest hydrogen fuel cell power plant in Pyeongtaek.
FuelCell Energy's South Korean partner, POSCO Energy, is constructing a new fuel cell manufacturing facility in South Korea and is licensed to develop Direct FuelCell systems.
A South Korean steelmaker and top shareholder in FuelCell Energy, which has placed the largest order in FuelCell Energy's history for a fuel cell power plant and will license FuelCell Energy's technology for Asian market sales.
POSCO is a South Korean steel-maker that has entered into a recent deal with FuelCell Energy, which has provided significant traction to FuelCell Energy's efforts to achieve profitability.
South Korea's largest steelmaker, Posco, has increased its stake in FuelCell Energy by commissioning the largest order for fuel cells the company has ever had.
