‘Eco-friendly Focus’ POSCO Inter Transforms Business Structure

Reorganization Implemented Including Establishment of Eco-friendly Headquarters

POSCO International has transformed its business structure to enhance sustainable growth and future competitiveness. It has set a goal beyond eco-friendliness to 필 (必) environment. First, it will establish an Eco-friendly Headquarters starting from the 1st of next month.

In the energy sector, the company plans to expand its renewable energy business based on the profitability of its bridge energy LNG business. Future energy projects such as hydrogen fuel conversion for LNG power generation and CCS (Carbon Capture and Storage) will also be actively pursued. For example, in addition to the currently operating 62.7MW onshore wind farm, it plans to accelerate offshore wind power projects that connect land and sea.

In the global business sector, the trading organization will shift from a product-centered to an industry-centered approach to better respond to the demand for eco-friendly industries. The sales volume of eco-friendly industry-linked steel products, which was about 1.81 million tons last year, is planned to increase to 2.84 million tons by 2025 and 3.9 million tons by 2030.

Additionally, POSCO International is actively promoting its eco-friendly mobility business. This business supplies key parts such as drive motor cores for eco-friendly vehicles like electric and hybrid cars. By 2030, it aims to establish a global production system capable of producing 7 million units annually, strengthening its role as a supplier of eco-friendly vehicle parts.

In the secondary battery raw materials business, the company is leveraging its global network to supply cathode and anode raw materials and plans to continuously expand related businesses in collaboration with POSCO Holdings and POSCO Future M.

The company has also continued its eco-friendly materials business. In cooperation with global bioplastic manufacturer TotalEnergies Corbion, it plans to complete the development of bioplastic recycling technology by 2026. It also announced plans to collaborate with bio-venture companies to produce raw materials for biopharmaceuticals and develop vaccines for animals.

A POSCO International official stated, “Today, achieving eco-friendliness and carbon neutrality has become an essential keyword that must underpin all corporate activities,” adding, “We will prioritize expanding eco-friendly businesses to achieve sustainable growth and strive to enhance shareholder value.”

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