POSCO Lays Green Bet on Australia
12/05/2022 - South Korea’s largest steel producer plans to invest US$40 billion in hydrogen, direct reduced iron and green steel production in Australia over the next 15 years, reports commodities news and pricing service Argus.
According to Argus, POSCO intends to put US$28 billion toward developing hydrogen and renewable energy in the country, and US$12 billion for green steel. Its green steel plans include production of hot briquetted iron made through the HyREX process. The company is collaborating with Primetals Technologies on developing that process.
Argus has more here.
