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Posco and Britain's Primetals Technologies to jointly design an eco-friendly steelmaking pilot plant using its HyREX technology. It is a steelmaking method to manufacture molten metal using iron ore fines and hydrogen. It uses hydrogen instead of fossil fuels, thus can dramatically reduce carbon emissions in the steelmaking process.
Posco has opened a new research and development center, called Posco N.EX.T Hub, to work on AI, secondary battery materials and hydrogen and low-carbon energy. Posco N.EX.T Hub, located in Samseong-dong. Its AI research unit willl explore technology strategies and expedite the group’s transformation of manufacturing process through AI models. The secondary battery material research division will lead pilot studies to produce new products in the field of anode, cathode and lithium materials. The hydrogen and low-carbon energy research body will promote the development of hydrogen and carbon capture and storage technology to make the current steelmaking process more eco-friendly and ultimately complete a hydrogen mass production system.
POSCO to Set Up Lithium Hydroxide Plant in Argentina with an investment of US$830 million . The capacity is enough to meet demand from 600,000 electric vehicles, according to POSCO. POSCO bought lithium mining rights in Argentina from Australian lithium miner Galaxy Resources for $280 million in 2018.