POSCO Launches Carbon Neutrality Committee and Green Steel Technology Advisory Group

Kim Hak-dong, Vice Chairman of POSCO, is speaking at the Carbon Neutrality Committee meeting held on the 16th at the POSCO Center in Daechi-dong, Gangnam-gu, Seoul.

[Asia Economy Reporter Oh Hyung-gil] POSCO announced on the 29th that it will officially launch the Carbon Neutrality Committee and the Carbon Neutrality Green Steel Technology Advisory Group, which will play a key role in achieving '2050 Carbon Neutrality.'

The Carbon Neutrality Committee is a consultative body established to coordinate the carbon neutrality achievement strategy from a company-wide perspective, make swift decisions, and review major issues arising from the implementation of the carbon neutrality roadmap. Vice Chairman Kim Hak-dong will chair the meetings each quarter and directly oversee the progress of the carbon neutrality roadmap in each division to enhance momentum.

At the first meeting of the Carbon Neutrality Committee held on the 16th, Vice Chairman Kim stated, "It is crucial to have a system that can actively respond to the carbon neutrality demands of global customers and to accelerate the transition to a carbon-neutral production system by 2050, with rapid decision-making being the most important factor." He added, "Through the Carbon Neutrality Committee, we will conduct in-depth discussions on the company's carbon neutrality strategy and promptly implement decisions related to investments to strengthen the execution of carbon neutrality."

The Carbon Neutrality Green Steel Technology Advisory Group consists of eight external experts who will provide strategic advice in the fields of steel, carbon dioxide capture, utilization, and storage (CCUS) technology, energy policy, and government research and development (R&D) support.

At the advisory group's first meeting, related department officials including Joo Se-don, head of POSCO Technical Research Institute, Advisory Group Chair Min Dong-jun, and advisory members attended and held presentations and discussions on the topic of 'CCUS Technology Development Trends.'

A POSCO official stated, "With the committee and advisory group as two pillars, we will focus on developing low-carbon innovative process technologies and securing eco-friendly raw materials and fuels, and will actively advance the phased transition to a green steel production system."

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