POSCO Profile No. 1 - Coal Tomorrow with POSCO: Doubts Rising on Korean Steelmaker’s Net-Zero Future
research 2023-10-06
Report Steel

POSCO Profile No. 1 - Coal Tomorrow with POSCO: Doubts Rising on Korean Steelmaker’s Net-Zero Future

About

POSCO Profile

The SFOC POSCO Profile series aims to provide insightful analysis into diverse issues linked to the carbon neutrality commitments and decarbonization progress of South Korea’s largest and world's seventh-largest crude steel producer, POSCO.

 

No. 1 - Coal Tomorrow with POSCO: Doubts Rising on Korean Steelmaker’s Net-Zero Future

The profile analyses the coal-based steel production capacity of POSCO, examining its alignment with the steelmaker’s carbon neutrality commitments.

Executive summary


In particular, the profile provides insights into POSCO's relining plan for Pohang Blast Furnace No. 4 and Gwangyang Blast Furnace No. 2, which signal the extension of the steelmaker’s coal-based steel production facilities, causing concerns on whether these actions align with POSCO’s Carbon Neutrality Roadmap, and calls on POSCO to do the following:

  • Adopt a transparent stance on blast furnace relining, including the ongoing relining of Pohang No. 4 and potential relining of Gwangyang No. 2 blast furnaces.

  • Gain international recognition for its various carbon emission reduction initiatives by transparently reporting its carbon emissions reductions and disclosing the comparative decrease of emissions.

  • Act credibly to justify government support, to accelerate the commercialization of hydrogen reduced iron making HyREX technology.

 

For more information, please download the profile.

 

 

 

 

Support SFOC
in creating winning climate movements!

Donate
  • Policy Research and Recommendations

    Policy Research and Recommendations

    We conduct in-depth analysis of climate, energy, industrial, and economic policies to propose viable policy alternatives and help bring about real policy change.

  • Legal Action and Litigation

    Legal Action and Litigation

    We hold corporations and governments accountable when they delay climate action, utilizing a range of legal strategies, including litigation, to drive policy improvement.

  • Communications and Campaigns

    Communications and Campaigns

    We believe that the power to change the world lies with people. Through compelling messages and diverse communication channels, we raise public awareness about the climate crisis and inspire collective action.

  • International Cooperation

    International Cooperation

    We understand that climate change knows no borders. Through networking and collaboration, we work with global environmental organizations to promote change at the international level.