Korean steelmaker Posco to invest $22bn in clean steel and blue hydrogen by 2030

Date:

October 19, 2024

The company plans to spend $14.6bn on a new H2 steel facility in Pohang

Finance minister (and deputy prime minister) Choi Sang-mok (centre) poses with Posco staff at a visit to the company’s Pohang Steelworks last week. The banner reads: “Materials that open the future, innovations towards world-class status, Posco and the government will work together”.Photo: Ministry of Economy and Finance, South Korea

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Korean steelmaker Posco to invest $22bn in clean steel and blue hydrogen by 2030

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