Hyundai to collaborate with KIER for carbon neutral technology

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.