Green Steel Challenges Could Trigger Overseas Push for Posco
- ‘Last resort’ option is to move upstream processing: executive
- South Korean producer aims to adopt hydrogen-based process
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Posco, one of the world’s top steelmakers, would need to consider moving some of its most energy-intensive manufacturing out of South Korea if it’s unable to switch to greener processes, according to an executive.
Steel producers globally are attempting to slash the climate impact of an industry that accounts for about 8% of energy sector emissions, and in Posco’s home nation that’s complicated by a fossil fuel-dominated power system that lacks renewables.