South Korea

To strengthen the Green Hydrogen Energy Future, South Korea based Steelmaker teams up with Australian Iron Ore Producer

Energy Markets Feed

Fortescue Metals Group and South Korean steelmaker Posco have agreed to a partnership that will see FMG supply Posco with iron ore and green hydrogen.

At a meeting in Seoul on Dec. 14, Posco CEO Jeong-Woo Choi and FMG Chairman Andrew “Twiggy” Forrest discussed the potential of a cooperative green hydrogen business.

“If competitive green hydrogen can be produced with cooperation between the two companies and is introduced to Korea, the era of green hydrogen in Korea will be accelerated.” Part of the deal will see FMG use Posco’s premium steel materials, PosMAC, for all the solar and wind generation behind the green hydrogen FMG produces.