[비전 2021] Declaration of entry into the hydrogen business… Established industrial gas and hydrogen business division

POSCO Group plans to foster the hydrogen business as one of the group’s growth projects by 2030 to secure leadership in the future hydrogen market. The photo is a view of the lithium demonstration plant in Argentina. [사진 포스코그룹]

POSCO Group has reinforced the organization and manpower in the new growth field at the group level. In particular, following the declaration of entry into the hydrogen business on the 14th, the industrial gas and hydrogen business divisions were decided to be established under the direct control of the CEO.

In addition, in order to realize the 2050 Net-Zero, the company is planning to spur leading the era of carbon neutrality by establishing the’Low Carbon Process Research Group’, a carbon-free steel technology development organization.

POSCO’s strategy is to make’low carbon competitiveness’ that can produce’green steel’ through the development of innovative technologies such as carbon capture, storage and utilization (CCUS) and hydrogen reduction steel, as a key touchstone for realizing ‘100-year company POSCO’. To achieve the carbon-neutral goal in 2050, POSCO proposed mid- and short-term goals of 20% reduction in 2030 and 50% reduction in 2040, as well as step-by-step implementation plans.

POSCO declared its entry into the hydrogen business and established a production system of 5 million tons of hydrogen by 2050, pioneering the future clean energy hydrogen business and leading the era of decarbonization. Revealed the vision. To this end, by 2030, we have acquired core technologies and production capabilities, such as technology to produce hydrogen by electrolyzing water and technology to extract hydrogen, and nurture the hydrogen business as an axis of the group’s growth business to secure leadership in the future hydrogen market. I plan to do it.

JoongAng Ilbo Design = Reporter Song Deok-soon [email protected]