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.
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