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.
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