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South Korean steelmaker POSCO Group is planning to invest a total of $40 billion in Australia, with $28 billion being used for hydrogen manufacturing, and $12 billion going toward green steel production- in order to manufacture 1Mt of hydrogen by 2040.
South Korean steelmaker POSCO Group is planning to invest a total of $40 billion in Australia, with $28 billion being used for hydrogen manufacturing, and $12 billion going toward green steel production- in order to manufacture 1Mt of hydrogen by 2040.
POSCO CEO Jeong-woo Choi met with the prime minister of Australia, Anthony Albanese, at the Parliament House in Canberra, the capital of Australia, to discuss plans and potential for future sustainability projects between POSCO and the Australian government.