decarbonization

Carbon neutrality is the main goal of POSCO Group

The companies, in particular, are starting to cooperate in the production of sheet steel

The company will receive €450 million to build a direct reduction plant that will replace two blast furnaces

As part of the project, almost 200,000 solar panels will be installed

The implementation of the project is planned for 2024. The capacity of the installation will be 2 MW

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

Costs of British steel producers on carbon emissions in 2022 amounted to approximately $148 million

The company plans to increase profits thanks to the green transition and premium products

Companies will explore the possibility of power supply using small modular reactors

The latest cooperation agreement provides for investments in the amount of up to $15 million over three years

The company intends to allocate funds to the construction of two electric arc furnaces at the plants in Linz and Donavitsa by 2027

For the production of products, instead of traditional fossil raw materials, the company used biochar obtained from biomass