POSCO Partners With Australia’s BHP on Hydrogen-Based Steelmaking Business Collaboration, Laying Groundwork for a Decarbonized Production System
TECHWORLD ·
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POSCO announced on the 3rd that it had signed the HyREX Collaboration Agreement with BHP.
The agreement is premised on POSCO’s use of BHP iron ore, and the two companies plan to cooperate on verifying HyREX commercialization technology and sharing know-how on raw material technology.
POSCO plans to strengthen the foundation for technology commercialization based on the verification results and expand cooperation with global raw materials suppliers, starting with BHP.
POSCO is strengthening cooperation with global raw materials suppliers as it pushes ahead with a transition to a decarbonized production system. On the 3rd, POSCO announced that it had signed the HyREX Collaboration Agreement, a hydrogen-based steelmaking cooperation agreement, with Australian mining company BHP. BHP is a supplier of iron ore, coking coal and nickel to POSCO.
The agreement is premised on POSCO’s use of BHP iron ore. Through its partnership with BHP, POSCO plans to cooperate on verifying the commercialization technology for HyREX, its hydrogen-based steelmaking technology. HyREX is a steelmaking technology that uses hydrogen instead of coal as a reducing agent.
POSCO plans to verify HyREX’s performance across a range of raw material environments and determine whether HyREX can operate stably under actual raw material conditions. It also plans to test changes in process performance by iron ore characteristics and quality, while seeking to identify the optimal raw material conditions.
Based on these verification results, POSCO plans to strengthen the foundation for commercialization of the technology. POSCO said it intends to build the groundwork for a transition to a decarbonized production system through its cooperation with BHP.
Through this collaboration, BHP will verify the usability of its iron ore in next-generation low-carbon steelmaking processes. To that end, the two companies plan to share know-how on raw material technologies for hydrogen-based steelmaking, while also exploring the potential to reduce Scope 3 carbon emissions in the raw materials supply process.
Eom Gyeong-geun, head of POSCO Research Institute, said the significance of the partnership lies in steelmakers and global raw materials suppliers preparing together for the future of low-carbon steelmaking. He also said POSCO will expand cooperation with global raw materials suppliers, starting with BHP, and accelerate the development of low-carbon steelmaking technologies.
Ben Ellis, BHP’s executive in charge of marketing and sustainability, described the project as an extension of long-term cooperation with POSCO on innovative steelmaking technologies. He also said BHP can play an important role in developing new technologies and pathways that can support customer companies’ decarbonization of steelmaking processes.
Ben Ellis, BHP’s executive in charge of marketing and sustainability, also said BHP aims to contribute to the use of Australian iron ore in low-carbon steelmaking technologies. The collaboration was presented as reflecting POSCO’s plan to expand cooperation with global raw materials suppliers, along with BHP’s intention to support customer decarbonization and contribute to the use of Australian iron ore.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406495
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Source: TECHWORLD
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