Hyundai Steel has reached into an agreement with the Korea Institute of Energy Research (KIER) to push for comprehensive cooperation on technologies in the energy and environment sectors with the goal of leading the steel industry’s movement towards carbon neutrality.
The two sides agreed to work together to develop technologies of carbon capture, utilization and storage, also known as CCUS, along with technologies that can improve the production of hydrogen and energy efficiency.
Hyundai Steel said it plans to apply the KIER’s energy-related technologies to advance the steelmaker’s factory performance and optimize its operations. The partnership will also allow a swift push for developing technologies such as combustion with zero carbon emissions.
Tags: Carbon Neutrality, CUSS, Hydrogen, Hyundai, KIER
Recent Posts
SANY launches India’s first locally made hybrid mining dump truck
IMO issues interim guidelines for ammonia-fuelled ships’ safety
India’s second green hydrogen auction awards $258m to 9 companies
Indian OMCs launch new biodiesel tender for FY 2025-26
India’s first hydrogen train set for launch by March 31
India approves legislation to boost oil and gas exploration
HIF Global leads the way with first US e-Fuels route clearance
Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator