The extension follows a successful period of initial collaboration between the parties, including testing by POSCO of Hazer’s low emissions graphite across a range of potential applications within steel making and in broader industrial sectors. The testing programme continues, following promising initial results.
Steelmaking is a highly carbon-intensive industry, responsible for more than 8% of global CO2 emissions. Hazer’s technology offers a compelling pathway to decarbonise steel manufacturing through the co-production of low-cost, clean hydrogen, and high-purity graphite, using iron ore as a process catalyst. Hazer continues to engage with leading global steelmakers on the application of both hydrogen and graphite within blast furnace operations and in direct reduced iron (DRI) / electric arc furnace (EAF) steelmaking pathways, assessing multiple opportunities to reduce emissions intensity across these process routes.
POSCO, based in Pohang South Korea, is one of the world’s largest steel makers and has announced its plan to achieve carbon neutrality by 2050. With POSCO Holdings in the lead, POSCO Group is seeking balanced growth across seven core businesses: steel, rechargeable battery materials, lithium/nickel, hydrogen, energy, construction/infrastructure, and agri-bio. These businesses propel POSCO Group’s evolution into a leading provider of future materials, low-carbon steelmaker, future transportation architect, green energy pioneer, innovator of future housing and global food supplier.
Glenn Corrie, CEO and MD of Hazer, said: “We are very pleased to be extending our strategic collaboration with POSCO, one of the world’s largest industrial corporations leading the charge to decarbonise steel making. Hazer technology’s unique features make it an excellent fit for low-carbon steel manufacturing, and we are excited to continue developing our partnership with POSCO alongside the growing interest in our technology across this important sector”
