POSCO E&C Signs Business Agreement with KEPCO for Eco-friendly Cement 'Posment' Utilization
POSCO Group is joining hands with Korea Electric Power Corporation (KEPCO) to practice carbon neutrality using low-carbon eco-friendly cement.
POSCO E&C, Korea Electric Power Corporation, and POSCO held a business agreement ceremony on the 24th at the POSCO E&C Songdo building to utilize cement products used by Korea Electric Power Corporation as 'Posment'.
[Photo by POSCO E&C]
On the 24th, POSCO E&C, KEPCO, and POSCO held a business agreement ceremony at the POSCO E&C Songdo office to utilize cement products used by KEPCO as 'PosMent.'
PosMent is an eco-friendly cement independently developed by POSCO Group. Instead of limestone, it uses blast furnace slag, a byproduct from the steel production process, in cement manufacturing. This allows it to reduce carbon dioxide (CO2) emissions by up to 60% compared to ordinary cement, which emits about 0.8 tons of CO2 per ton.
KEPCO plans to switch the ordinary cement used within the corporation to 'PosMent,' a carbon-reducing cement developed by POSCO Group, and gradually expand its use to reduce greenhouse gas emissions and achieve carbon neutrality goals.
Kim Young-kwan, Head of KEPCO Chungbuk Headquarters, said, "This business agreement brings us one step closer to realizing carbon neutrality," and added, "We will continue to cooperate with POSCO Group, which has made great efforts to develop and spread excellent eco-friendly cement capable of reducing carbon."
POSCO E&C will provide technical consultation on applying PosMent to underground distribution facilities (manholes, foundation bases, etc.) for KEPCO. KEPCO plans to develop equipment foundation bases using PosMent and add PosMent to KEPCO’s standard specifications. POSCO will contribute to reducing social greenhouse gas emissions in the power industry by stably supplying water-quenched slag for PosMent.
A POSCO E&C official stated, "We will expand the use of eco-friendly cement 'PosMent' across the industry to realize the company’s values of pursuing Eco and Challenge and strengthen real value."
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Meanwhile, POSCO E&C is supporting small and medium-sized ready-mixed concrete companies to expand the production and use of 'PosMent.' In 2021, about 200,000 tons, or approximately 24% of total cement usage, was PosMent. Last year, usage increased to 370,000 tons, and this year it is planned to expand to over 470,000 tons, replacing more than 53% of total cement usage with PosMent.
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