POSCO, South Korea’s leading steelmaker, has announced a bold investment plan of 121 trillion won (USD 88 billion) by 2030, with a significant focus on environmental sustainability. Of this total, 45 trillion won (USD 35 billion) will be directed towards international projects aimed at emissions reduction. The company plans to allocate 29 trillion won (USD 21.2 billion) specifically for eco-friendly steel initiatives, targeting carbon neutrality, improving demand response, and recovering production capacity through innovative technologies like HyREX.
In addition to its commitment to sustainable steel production, POSCO is investing 16 trillion won (USD 12 billion) in renewable energy projects and 1 trillion won (USD 730 million) in blue hydrogen production linked to its operations. The company is also modernizing its facilities, including blast furnaces and steelmaking equipment, to boost productivity and operational efficiency. With these strategic investments, POSCO aims to lead the transition to low-carbon steelmaking while meeting the growing demand for electric vehicles and aligning with global sustainability efforts.