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BHP, POSCO to jointly research hydrogen-based direct reduction technology in steelmaking

BHP, POSCO to jointly research hydrogen-based direct reduction technology in steelmaking

BHP and POSCO have signed a new agreement to decarbonise the steelmaking industry with the two groups set to share research on several zero-carbon technologies such as hydrogen.

With a memorandum of understanding signed (MoU), the parties will share research on several zero-carbon technologies which includes the use of hydrogen-based direct reduction technology.

Read more: Tata Steel chooses hydrogen to produce steel in the Netherlands
Read more:
HYBRIT technology delivers the world’s first fossil-free steel to Volvo Group

With BHP set to invest up to $10m over the next five years to progress zero-carbon steelmaking technologies, hydrogen could gain a significant boost in this sector which could help speed up the adoption of the clean energy carrier.

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