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POSCO International Signs Preliminary Deal with Dutch Firm for Hyperloop Development

POSCO International Signs Preliminary Deal with Dutch Firm for Hyperloop Development

SEOUL, Nov. 1 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an initial deal with a Dutch partner for collaboration in a next-generation transportation system. The agreement with Hardt Hyperloop commits the South Korean company to providing rolled steel to the European Hyperloop Center, an industrial complex under construction in the Netherlands [...]

POSCO International to Boost Natural Gas Production with Australian Partner

POSCO International to Boost Natural Gas Production with Australian Partner

SEOUL, Sept. 25 (Korea Bizwire) — POSCO International Corp., the commodity trading unit of South Korean steel giant POSCO Holdings Co., said Sunday it is investing a combined 280 billion won (US$198.2 million) to triple its natural gas production in the next three years. The funding will be provided to Senex, a subsidiary co-owned by [...]

POSCO International Picks Indonesia, Australia, Uzbekistan as Markets in Focus

POSCO International Picks Indonesia, Australia, Uzbekistan as Markets in Focus

SEOUL, July 13 (Korea Bizwire) — POSCO International Corp. said Wednesday that Indonesia, Australia and Uzbekistan will be the company’s new “strategic markets” for future growth as it seeks to bolster investment in energy, food and other eco-friendly sectors. The trading unit of South Korean steel giant POSCO Holdings Inc. made the announcement as it [...]

GS Caltex, POSCO International to Establish Biodiesel Plant in Indonesia

GS Caltex, POSCO International to Establish Biodiesel Plant in Indonesia

SEOUL, May 4 (Korea Bizwire) — Major Korean refiner GS Caltex Corp. has joined hands with POSCO International Corp., the trading arm of steel giant POSCO, to strengthen its eco-friendly bio business. The two parties recently signed a memorandum of understanding to create a value chain from raw material refining to biochemical product production by [...]

POSCO International Recommended Corporate Responsibility over Indonesia’s Palm Oil Biz

POSCO International Recommended Corporate Responsibility over Indonesia’s Palm Oil Biz

SEOUL, Jan. 18 (Korea Bizwire) — South Korea on Tuesday recommended POSCO International Corp. exercise greater corporate social responsibility over its palm oil business in Indonesia following a complaint by civic groups about its alleged adverse impacts on the environment. The Korean National Contact Point (KNCP) for the Organization for Economic Cooperation and Development (OECD) [...]