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POSCO’s Typhoon-hit Facilities Likely to be Fully Recovered in Q1

POSCO’s Typhoon-hit Facilities Likely to be Fully Recovered in Q1

SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s top steelmaker POSCO is expected to fully normalize its facilities damaged by a September typhoon during the first quarter of next year, the industry ministry said Monday. The ministry’s estimate for the full recovery of the typhoon-hit facilities contrasts with POSCO’s own projection that they will be [...]

POSCO Breaks Ground for High-purity Nickel-refining Plant in S. Korea

POSCO Breaks Ground for High-purity Nickel-refining Plant in S. Korea

SEOUL, Oct. 14 (Korea Bizwire) — POSCO Group, South Korea’s top steelmaking group, on Friday broke ground for a plant that refines high-purity nickel to be used for electric vehicle batteries in a move to further solidify its secondary battery material business. The facility with an annual production of 20,000 tons of high-purity nickel, a [...]

POSCO to Recycle By-product Gas as Raw Material for Low-carbon Plastics

POSCO to Recycle By-product Gas as Raw Material for Low-carbon Plastics

SEOUL, Oct. 7 (Korea Bizwire) — South Korean steel giant POSCO has participated in an academic-industry research cooperation drive to develop new technology for recycling by-product gases generated during the steel-making process as plastic materials on the basis of existing carbon dioxide capture and utilization technologies. The company on Thursday inaugurated the Center for Low-Carbon [...]

POSCO, GS Energy Establish Battery Recycling Joint Venture

POSCO, GS Energy Establish Battery Recycling Joint Venture

SEOUL, Oct. 7 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, announced on Thursday that it had established a battery recycling joint venture with GS Energy Corp., an energy unit of GS Group. Both entities have engaged in talks since September last year on how to promote cooperation in their core [...]

POSCO to Enter Blue Hydrogen Biz

POSCO to Enter Blue Hydrogen Biz

SEOUL, Sept. 28 (Korea Bizwire) — POSCO Group, South Korea’s leading steelmaker, said Wednesday it will actively enter the blue hydrogen business as part of efforts to expand its non-steel business. POSCO Holdings Inc. has signed a memorandum of understanding with its affiliate POSCO Engineering & Construction Co. and major hydrogen company Approtium Co. to [...]

POSCO Reaffirms Its Plans to Fully Normalize Typhoon-hit Facilities by December

POSCO Reaffirms Its Plans to Fully Normalize Typhoon-hit Facilities by December

SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Wednesday it will complete the normalization of its facilities damaged by a recent typhoon within three months, stressing that any major supply glitch would not occur given its product stockpiles sufficient to last 2-3 months. POSCO was forced earlier this month to halt [...]

POSCO Named Top Greenhouse Gas Emitter in S. Korea: Data

POSCO Named Top Greenhouse Gas Emitter in S. Korea: Data

SEOUL, Sept. 19 (Korea Bizwire) — South Korean steel giant POSCO emitted the largest amount of greenhouse gases among local companies over the past five years, accounting for about 10 percent of the nation’s total greenhouse gas emissions, data showed Sunday. According to data that Rep. Lim Lee-ja of the ruling People Power Party received [...]

Typhoon-hit POSCO Aims to Fully Normalize Operations by Early December

Typhoon-hit POSCO Aims to Fully Normalize Operations by Early December

SEOUL, Sept. 16 (Korea Bizwire) — South Korean steelmaker POSCO said Friday it will complete repairs of manufacturing facilities damaged by a recent typhoon within three months and plan to fully normalize operations by December. Earlier this month, Typhoon Hinnamnor hit the country’s southeastern parts and severely flooded POSCO’s facilities in Pohang, about 270 kilometers [...]