Hazer Group and POSCO collaborate on low carbon steel

Technology development company Hazer Group has signed a Memorandum of Understanding (MOU) with Korea’s POSCO Steel to plan for the integration of Hazer’s technology into POSCO’s low carbon steel.

POSCO, one of the world’s largest steel makers, and Hazer will develop a plan to integrate Hazer’s hydrogen production technology into POSCO’s low-carbon steel production.

They will also assess Hazer’s low emissions graphite product to be used in steel making process, and investigate market applications of Hazer graphite outside of steel.

Hazer is commercialising its Hazer Process for producing hydrogen and graphite and has licensed the use of the technology overseas, including in Canada and in Japan.

Supported by the Australian Renewable Energy Agency (ARENA), Hazer has achieved gas flow and steady state operation for its process demonstration plant in Perth (pictured), producing hydrogen and graphite from biogas.

Hazer’s CEO and MD Glenn Corrie said: “We identified the steelmaking industry as one of our key strategic and commercial targets for the Hazer Process given it is a notoriously hard to abate the sector.

“This MOU will enable the next phase of our scale-up strategy into this key market with a significant company known for its sustainability focus and innovation.”

POSCO has conducted extensive due diligence on Hazer and its proprietary methane pyrolysis technology.

POSCO’s Head of Technical Research Lab/Senior Executive Vice President Dr. Seong-yeon Kim said: “At POSCO we are incredibly focused on the reduction of emissions from the steel making process and have committed to reducing worksite emissions by 10 percent by 2030, 50 percent by 2040 and being 100 percent carbon neutral by 2050.

“We believe Hazer’s unique technology offers important benefits that enable us to achieve our Net Zero vision as set out in our 2050 Carbon Neutrality Roadmap.”

The MOU has an initial term of two years.

Further reading:
Hazer’s hydrogen technology to be used in Canadian plant
Hazer Group hydrogen plant to be constructed in Japan

Picture: Hazer Group