POSCO Group Participates in Hydrogen Mobility+ Show "Unveils Hydrogen Business Vision"

[Asia Economy Reporter Changhwan Lee] POSCO Group announced on the 5th that it will participate in the '2021 Hydrogen Mobility+ Show' held at KINTEX in Ilsan, Gyeonggi-do from the 8th to the 11th, showcasing its hydrogen business vision.

At this exhibition, a total of six group companies including POSCO, POSCO International, POSCO Engineering & Construction, POSCO Energy, POSCO SPS, and Pohang Institute of Industrial Science and Technology (RIST) will participate, setting up an exhibition booth covering an area of 540㎡ (approximately 163 pyeong) and unveiling business plans across the entire hydrogen business value chain.

First, at the top of the booth, POSCO Group's hydrogen business vision will be introduced through a panorama show and video. The video presents a blueprint of the projects POSCO Group is promoting in each field of hydrogen production, storage·distribution, and utilization.

At the center of the booth, POSCO Group's hydrogen reduction steelmaking process will be showcased. In particular, for the first time in Korea, the principle of hydrogen reduction steelmaking and a virtual steel mill realized through this process will be visualized with models and videos.

Hydrogen reduction steelmaking is an eco-friendly technology that produces steel without carbon dioxide emissions by using hydrogen as a reducing agent instead of coal, unlike the conventional blast furnace method.

Business models that POSCO Group is promoting in the fields of hydrogen production, storage·distribution, and utilization will also be exhibited.

POSCO plans to have the capacity to produce 70,000 tons annually of gray hydrogen by 2025 using by-product gas from steel mills and liquefied natural gas (LNG) reforming, and 500,000 tons annually of blue hydrogen by 2030 by capturing and storing carbon dioxide generated during the hydrogen extraction process.

POSCO Engineering & Construction will showcase a future hydrogen city utilizing POSCO Group's infrastructure, and POSCO SPS will unveil models of hydrogen vehicles and hydrogen drones equipped with parts made from POSCO steel.

Additionally, before the opening ceremony of the Hydrogen Mobility+ Show, POSCO Group Chairman Chey Jong-woo will attend the inaugural general meeting of the H2 Business Summit to share the group's hydrogen business progress and seek future cooperation plans with representatives of the consortium.

This content was produced with the assistance of AI translation services.