SEOUL, Nov. 20 (Korea Bizwire) — POSCO International is deepening its push into the global biofuel market with a sweeping expansion of its palm oil business, announcing a major acquisition in Indonesia alongside the completion of a new refinery jointly built with GS Caltex. The company said on Nov. 20 that it has acquired a controlling [...]
SEOUL, Oct. 2 (Korea Bizwire) – POSCO International Corp., the trading arm of POSCO Group, said Thursday it has completed construction of an electric vehicle (EV) parts plant in Poland to meet rising demand in line with the European Union’s emissions policies. The company invested 94 billion won (US$67 million) in the plant, which will [...]
SEOUL, Sept. 19 (Korea Bizwire) — POSCO International Corp., the trading arm of POSCO Group, said Friday it has signed an initial agreement with U.S.-based ReElement Technologies Corp. to strengthen its rare earth supply chains. ReElement, a subsidiary of American Resources Corp., and POSCO International also agreed to explore cooperation in establishing an integrated rare [...]
SEJONG, Sept. 3 (Korea Bizwire) – POSCO International, a major South Korean trading firm, said Tuesday it has inked an agreement to purchase shares in an Australian mining firm for US$40 million to secure a supply of graphite from a Tanzanian mine. POSCO International signed the agreement with Black Rock Mining Ltd. which will bring [...]
SEOUL, Sept. 4 (Korea Bizwire) — POSCO International Corp. said Monday it has signed two initial agreements with a Canadian and an Australian mining company for the sourcing of a key secondary battery material from Africa. Under the memorandum of understanding (MOU) with Canada’s NextSource Materials Inc., POSCO International will co-invest in Molo graphite mining [...]
SEOUL, Aug. 25 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO Holdings Co., said Thursday it exported a swine pneumonia vaccine to National Veterinary Joint Stock Co. (NAVETCO), Vietnam’s premier animal vaccine enterprise, marking its maiden venture into the realm of animal vaccine exportation. This achievement is the [...]
SEOUL, Aug. 10 (Korea Bizwire) — POSCO International Corp. said Thursday its Australia-based subsidiary has signed a string of long-term gas supply deals with steel, utility and other companies in the country. Senex Energy Ltd. signed the agreements with seven companies, including Australia’s largest electricity generator, AGL Energy Ltd., as well as BlueScope Steel Ltd., [...]
SEOUL, July 25 (Korea Bizwire) — POSCO International Corp. said Tuesday it signed a contract with the Indonesian government and its state oil company to search and extract oil and gas in the Southeast Asian country, as it bolsters the push for energy and resources development. The production sharing contract (PSC) with Jakarta and state-owned [...]
SEOUL, July 2 (Korea Bizwire) — POSCO International Corp. said Sunday it aims to go completely carbon neutral by 2050 to tackle the global climate crisis and become an environmentally sustainable business. As a first step toward the goal, the company said it will reduce carbon emissions by 37 percent by 2030. POSCO International, a [...]
SEOUL, June 27 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an agreement with a Danish investment company to work together on the development of offshore wind power and cooperate in other green businesses. The memorandum of agreement was signed with Copenhagen Infrastructure Partners (CIP) on Monday, under which they will work [...]