SEOUL, March 21 (Korea Bizwire) — POSCO International Corp. said Tuesday it will nurture carbon capture and storage (CCS) as one of its future growth drivers as the trading company accelerates its expansion into green energy. POSCO International said it established in February a new team within its energy division to spearhead the CCS business. [...]
SEOUL, Feb. 24 (Korea Bizwire) — POSCO International Corp., a major South Korean commodities trader, has joined hands with food company Daesang Corp. to scale up their starch sweetener business, the two companies said Friday. They signed a memorandum of understanding (MOU) the previous day to cooperate in investing in new businesses and the supply [...]
SEOUL, Feb. 23 (Korea Bizwire) — POSCO International Corp., a major South Korean commodities trader, said Thursday it has won a bid to explore gas mines in Indonesia as it is stepping up to expand its energy and resources drive. A consortium involving POSCO International and Indonesian state-owned PT Pertamina Hulu Energy (PHE) obtained the [...]
SEOUL, Feb. 21 (Korea Bizwire) — POSCO International Corp., a South Korean commodities trader, said Tuesday it intends to take part in reconstruction projects in Ukraine after the war to help the country rebuild from the devastation. The trading unit under South Korea’s steel giant POSCO Holdings Inc. is the only Korean company maintaining a [...]
SEOUL, Jan. 31 (Korea Bizwire) — POSCO International Corp. said Tuesday it will spend 930 billion won (US$756 million) to build two more liquefied natural gas (LNG) terminals in South Korea as it seeks to bolster its energy business. POSCO International broke ground on the Second Gwangyang LNG Terminal earlier in the day, the general [...]
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 [...]
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 [...]
SEOUL, Sept. 5 (Korea Bizwire) — POSCO International Corp., a South Korean commodities trader, said Monday its shipment of Ukrainian corn departed from a port in the war-torn country and will arrive home later this month. A vessel carrying 61,000 tons of corn left Pivdennyi Port in Ukraine on Aug. 16 and is on its [...]
SEOUL, Aug. 12 (Korea Bizwire) — POSCO International Corp., a trading arm of South Korean steel giant POSCO Holdings Co., said Friday it will push to merge with an energy affiliate, as it seeks to expand its business portfolio into renewable and other green energy sectors. POSCO International’s board earlier approved the plan and it [...]
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 [...]