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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 [...]

POSCO Halts Furnaces in Pohang Due to Hinnamnor Damage

POSCO Halts Furnaces in Pohang Due to Hinnamnor Damage

SEOUL, Sept. 7 (Korea Bizwire) — Damage from super typhoon Hinnamnor caused POSCO to stop operations of three furnaces, sparking concerns over production loss, industry sources said Wednesday. POSCO, the country’s largest steelmaker, suspended operations of the three of the blast furnaces in the southeastern city of Pohang, about 370 km southeast of Seoul, as [...]

POSCO Holdings Signs MOU with India’s Greenko over Hydrogen Biz

POSCO Holdings Signs MOU with India’s Greenko over Hydrogen Biz

SEOUL, Sept. 1 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, said Thursday it has signed a memorandum of understanding with India’s Greenko to produce so-called green hydrogen. Under the deal, the two will launch a project to produce green hydrogen and ammonia in India by using renewable energy. The two [...]