포스코홀딩스 (사진=연합뉴스)

[Alpha Biz=(Chicago) Reporter Paul Lee] POSCO will invest 600 billion won to build an electric arc furnance at Gwangyang Steelworks and start switching to a low-carbon production system.

POSCO announced on the 21st that it has decided to invest about 600 billion won in the regular board meeting the previous day to build an electric arc furnance with an annual capacity of 2.5 million tons at Gwangyang Steelworks. Construction of the electricity reactor in question began in January 2024 and aims to operate in earnest from 2026.

POSCO has decided to push for a new electric arc furnance to switch to a low-carbon production system. Hydrogen reduction steel technology will be commercialized and electric furnaces will be introduced during the transition stage to replace the existing blast furnace process to continue efforts to reduce carbon. The investment is significant in that it is POSCO's first actual achievement toward carbon neutrality.

 

In preemptive response to the global paradigm toward carbon neutrality, POSCO declared '2050 carbon neutral' by officially announcing its carbon neutral plan for the first time among Asian steelmakers based on large blast furnace production systems such as Korea, China and Japan.

 

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