“Globally, hyperloops hold a lot of potential for the future of high-speed sustainable transport and these are very exciting projects. This is an important part of our ambitions towards decarbonization,” said Ernst Hoogenes, Tata Steel Europe’s chief technical officer. 

“We are delighted to join forces with POSCO. Pooling our joint technical expertise will enable us to scale up our innovation efforts and give our customers the cutting-edge products they need to be successful.”

The announcement coincides with the news that the Virgin Hyperloop conducted its first test with human passengers outside of Las Vegas, Nev., USA.