11,233.66 TRY BIST 100 BIST 100
6.07 CNY CNY CNY
49.99 EUR EUR EUR
42.61 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
38.19 TRY Interest Interest
61.72 USD Fossil Oil Fossil Oil
87.58 USD Silver Silver
5.52 USD Copper Copper
101.64 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,871.42 TRY Gold (gr) Gold (gr)

POSCO and ADNOC to collaborate

POSCO INTERNATIONAL and Abu Dhabi's state-owned oil company ADNOC are collaborating on clean hydrogen production. POSCO's Gwangyang LNG Terminal will play a central role in hydrogen production, aiming to supply 1.26 million tons of clean hydrogen to South Korea by 2035.

POSCO and ADNOC to collaborate

Today, POSCO INTERNATIONAL signed a strategic collaboration agreement with ADNOC for clean hydrogen production. The agreement includes hydrogen production using LNG, carbon capture, and storage.

The project will be implemented at the Gwangyang LNG Terminal, with hydrogen supplied to demand sources such as Gwangyang Steelworks, Hadong, and Yeosu.

This collaboration supports POSCO Group's efforts to accelerate the transition to clean energy and contribute to low-carbon production. According to plans announced last year, POSCO aims to supply 540,000 tons to Gwangyang, 360,000 tons to Incheon, and 360,000 tons to Pohang.

Lee Jun-Hyuk, President of the Energy Division at POSCO INTERNATIONAL, stated, "Gwangyang serves as POSCO's main hub and will provide clean hydrogen production infrastructure through an LNG Terminal. In the future, we will continue to supply clean hydrogen to Gwangyang and surrounding areas to contribute to the development of South Korea's hydrogen industry."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

JSW Steel commissions world’s first RH ladle shaking system with SMS group FvE technology

Friday, December 12, 2025

CISA: export license in steel a critical step for high-quality sector transformation

Friday, December 12, 2025

Meranti Green Steel signed cooperation agreement with Amnah Energy for green HBI project in Oman

Friday, December 12, 2025

Weekly changes in Türkiye’s long products market

Friday, December 12, 2025

Algeria prepares to launch production at the Gara Djebilet Mine in 2026

Friday, December 12, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now