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POSCO’s Q3 Operating Income at Record High on Robust Demand

POSCO’s Q3 Operating Income at Record High on Robust Demand

SEOUL, Oct. 13 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Wednesday its third-quarter operating income more than quadrupled to a record high on robust demand amid the global economic recovery from the COVID-19 pandemic. Operating income for the three months that ended in September reached 3.11 trillion won (US$2.6 billion) on [...]

POSCO to Sell Corrosion Resistant Steel Product to Array Technologies

POSCO to Sell Corrosion Resistant Steel Product to Array Technologies

SEOUL, Aug. 31 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Tuesday it has signed an initial agreement with Array Technologies Inc. to provide a corrosion resistant product to the U.S. manufacturer of ground-mounting systems used in solar energy projects. Under the memorandum of understanding inked virtually, POSCO will begin providing 200,000 [...]

POSCO Joins Hands with Partners to Develop Liquefied CO2 Carrier by 2025

POSCO Joins Hands with Partners to Develop Liquefied CO2 Carrier by 2025

SEOUL, Aug. 27 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Friday it has teamed up with Korea Shipbuilding & Offshore Engineering Co. and other partners to develop a carrier of liquefied carbon dioxide in the latest move to reduce greenhouse gas emissions. Under the deal, POSCO and its partners will build [...]

POSCO’s Corrosion-Resistant Steel Product Gains Wider Access to Chinese Market

POSCO’s Corrosion-Resistant Steel Product Gains Wider Access to Chinese Market

SEOUL, Aug. 18 (Korea Bizwire) — Posco magnesium alloy coating (PosMAC), a corrosion-resistant steel product produced by South Korea’s leading steelmaker POSCO, is set to gain wider access in the Chinese market. The China Engineering Construction Standardized Association recently certified the ternary alloy coated steel product with high corrosion resistance as a suitable material that [...]

POSCO Teams Up with Doosan Heavy to Develop Ammonia Fuel Power Generation Technology

POSCO Teams Up with Doosan Heavy to Develop Ammonia Fuel Power Generation Technology

SEOUL, July 20 (Korea Bizwire) — South Korea’s steel giant POSCO announced on Monday that in collaboration with power plant builder Doosan Heavy Industries & Construction Co., it will develop a new power generation technology using the ammonia synthesized from green and blue hydrogen as a fuel. The two parties, together with the Research Institute [...]

FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy

FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy

DANBURY, Conn., July 13 (Korea Bizwire) – FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — announced today that it has received a favorable ruling in a court case filed in the Court [...]