POSCO Holdings has announced a hydrogen-fuelled steel production plant in Pohang, South Korea, according to reports.
Using a hydrogen reduction (HyREX) process, the South Korean company will advance towards its carbon neutrality ambitions and reduce carbon emissions in the production process.
The pilot facility has a production capacity of 24 tonnes of molten iron per day, emitting 400kg of carbon per tonne, a decrease on existing coal or natural gas-fired steel plants currently in operation. H2 View understands that the facility will be carbon-free once it switches to renewable energy.
The company plans to begin construction a full-scale HyREX steel plant next year with completed scheduled by 2027, boasting a production capacity of 36 tonnes per hour.
In 2022, ACWA Power and POSCO Holdings agreed to produce green hydrogen and ammonia to support POSCO’s group’s target of producing 500,000 tonnes of hydrogen globally by 2030.
Read more:ACWA, POSCO ink agreement to clean up industry in South Korea with hydrogen
The produced hydrogen and ammonia is set to be used across the industry, including power and steel manufacturing in South Korea.
In Europe, steel manufacturer Salzgitter AG launched a tender for at least 100,000 tonnes of low-carbon hydrogen to be used at its green steel production facility in Germany.
Read more:Salzgitter eyes over 100,000 tonnes of hydrogen for steel production
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