POSCO Chairman Choi Jeong-woo gives the opening speech at the Hydrogen Iron & Steel Making Forum 2021, at the Grand InterContinental Seoul Parnas, Oct. 6. Courtesy of POSCO Group
By Kim Hyun-bin
POSCO hosted the four-day Hydrogen Iron & Steel Making Forum 2021 (HyIS), which came to a successful close earlier this month. The country’s leading steelmaker invited global experts in the steel industry to enhance cooperation and solidarity.
The event kicked off with President Moon Jae-in’s congratulatory speech, followed by numerous keynote speeches and diverse discussions and debates. Over 2,000 people attended the event both online and offline with over 348 companies from 48 countries taking part.
The participants discussed ways to speed up the transition to enter the hydrogen reduction steel era, and on the last day of the forum, they visited POSCO’s Pohang steel plant, where the company explained the eco-friendly hydrogen reduction steelmaking (HyREX) model.
“Carbon neutrality in the steelmaking process is a difficult task for a single company or country to handle, but sharing expertise through competition and cooperation and exchanging development and experience could speed up fulfilling the dream of carbon neutrality in the steel industry,” POSCO Group Chairman Choi Jeong-woo said in the opening address of the forum.
The forum shows that not only does competition exist among global steel companies, but also a means to engage in open cooperation through exchange. Such exchanges with related experts have become a foundation for joint technology development, moving one step closer towards the global steel companies’ goal of carbon neutrality, the company said.
Through their encounters at the forum, the steelmakers will be able to realize carbon neutrality and sustainable development models through their continuous cooperation.
POSCO also became the first steelmaker to unveil HyREX technology and has been recognized for its technology, value and competitiveness, the company said.
After the forum, several leading European steelmakers proposed technology exchanges, and the company plans to explore ways to cooperate with the firms.
POSCO also discussed with materials suppliers and engineering companies environment and safety issues, along with low carbon facility technologies.
The participants of the forum plan to request that the World Steel Association hold the HyIS forum as a regular event.
POSCO’s efforts to hold the international forum have been evaluated as having brought about cooperation and solidarity in the global steel industry.
For the past century, the steel industry has been the backbone of success in the manufacturing sector, including vehicles, construction, shipbuilding and machinery. Globally, 1.9 billion tons of steel are produced annually.
However, despite its positive contributions, steel manufacturing creates vast amounts of carbon dioxide, accounting for 8 percent of global carbon emissions. That is why POSCO and other global steelmakers are taking part in carbon neutrality efforts and are working on transitioning to hydrogen-driven steel production, which is set to become a major source of innovation and serve as a turning point for the global steel industry, POSCO said.
Once hydrogen reduction steel is successfully implemented within the steel industry, POSCO will be known for playing a leading role in strengthening international cooperation and climate change issues, which all started from the HyIS forum, the company said.Internet Explorer Channel Network