South Korean steel manufacturing giant POSCO has unveiled a line-up of new low-carbon products to be released by 2030.
The announcement was made earlier this month, during a customer event in Gangnam where POSCO provided insights into the current global demand for carbon reduction and presented its 2050 carbon neutral roadmap.
One of the notable products introduced by POSCO is ‘Greenate certified steel’ which operates on a mass-balance principle. This product effectively reduces carbon emissions by distributing the emissions saved through the implementation of low-carbon production processes and the use of low-carbon steel.
Companies that purchase this product are acknowledged for their efforts in reducing carbon emissions equivalent to the amount associated with the product.
Leading steel manufacturers in Europe and Japan had already adopted the mass balance methodology, which involves allocating carbon reductions to specific steel products, in 2021. POSCO became the first compan in Korea to adopt this method for launching a low-emission product.
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Mass-balanced and low-carbon products are just one of the decarbonisation arms of the POSCO business today, with the company also a high-profile partner in the Malaysia Sarawak H2biscus Project geared around hydrogen development.
Together with Lotte Chemical and the Malaysia Sarawak Economic Development Corporation Energy (SEDC Energy), the project is carrying out clean hydrogen development and once complete, green hydrogen and green ammonia will be produced in Sarawak, Malaysia.
H2biscus is seen as an ‘exemplary project’ that strengthens the global recognition for renewable energy trade and hydrogen transportation between Korea and Malaysia, and prompts the development of hydrogen related standards in the two countries.
Asia-Pacific Industrial Gases Conference 2023
Decarbonisation and how the Asia-Pacific region pragmatically delivers against its sustainability needs in th near-term will be in focus at gasworld’s Asia-Pacific Industrial Gases Conference 2023 in Kuala Lumpur, Malaysia this December.
Join gasworld for its show-stopper 2.5 day event at the Renaissance Hotel & Convention Centre in Kuala Lumpur, Malaysia under the theme of Delivering On the Promise of Growth.
Taking place from 5-7 December 2023, the conference will tackle China’s clean energy and industrial gas build-out, the hydrogen society in the APAC region, the practical means of delivering decarbonisation in emerging economies in the short-term, the economic climate in Asia-Pacific and the local industrial gas markets, electronics and specialty gases in Southeast Asia, and so much more besides.
To attend, sponsor and for more information, visit www.gasworldconferences.com
