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Adani, POSCO partner to expand cooperation on hydrogen with $5bn investment

Adani, POSCO partner to expand cooperation on hydrogen with $5bn investment

Adani Group and POSCO have revealed a memorandum of understanding (MoU) today (Jan 13) that will see the two companies explore cooperation across a range of clean technologies including hydrogen.

Through this, a $5bn investment will be made to establish a green, environmentally friendly integrated steel mill in Gujarat, India, and hydrogen could be involved within this.

Read more: Hyundai, POSCO launch H2 Challenge to drive hydrogen developments
Read more:
BHP, POSCO to jointly research hydrogen-based direct reduction technology in steelmaking

With the non-binding MoU, the companies will expand collaboration with renewable energy spheres and hydrogen seen as a key pillar for this.

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