POSCO Chemicals
Scope
Date
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Corporate investment
LG Chem to invest $8.7 bn in battery material, renewable, bio sectors
LG Chem Ltd., South Korea’s top chemical maker, said on Wednesday it will invest 10 trillion won ($8.7 billion) in the battery material, renew...
Jul 14, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chemical goes green with $3.8 bn investment in hydrogen business
South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...
Jul 13, 2021 (Gmt+09:00)
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Earnings
POSCO returns from pandemic blues with record quarterly profit
South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...
Jul 09, 2021 (Gmt+09:00)
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ESG
SK Global Chemical to start plastic waste recycling business in Asia
SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...
Jul 09, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical to bolster EV presence with 60,000-ton cathode plant
POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...
Jul 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation turns to PEFs to sell stake in SK Global
South Korea's SK Innovation Co. is tapping private equity firms to sell up to a 49% stake in SK Global Chemical Co. after the chemical raw materials...
Jul 07, 2021 (Gmt+09:00)
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Petrochemicals
Lotte Chemical to double LPG use as petchem makers diversify feedstock
South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...
Jul 06, 2021 (Gmt+09:00)
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Energy
POSCO International, Pertamina seek joint oil, gas development off Indonesia
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has agreed with Indonesia’s PT Pertamina Hulu Energi (PHE) to look...
Jul 05, 2021 (Gmt+09:00)
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ESG
SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target
SK Group has pledged to achieve carbon neutrality prior to 2050, the year set by the United Nations (UN) to reach net-zero carbon emissions globally...
Jun 23, 2021 (Gmt+09:00)
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Chemical Industry
Kolon expands hydrocarbon resins production, becomes global No.2 maker
South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...
Jun 21, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council
Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...
Jun 10, 2021 (Gmt+09:00)
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Batteries
LG Energy, POSCO invest $15 mn in Aussie battery material supplier
South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...
Jun 08, 2021 (Gmt+09:00)
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Energy
POSCO, Orsted form offshore wind and hydrogen partnership
South Korea’s steelmaker POSCO has taken another big step in accelerating the industry’s shift toward renewable energy. POSCO said on Ma...
May 28, 2021 (Gmt+09:00)
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Batteries
SK Nexilis, POSCO move forward with EV battery materials projects
With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...
May 27, 2021 (Gmt+09:00)
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Hydrogen economy
POSCO chairman: Future at stake without co's hydrogen push
Choi Jeong-woo, chairman of POSCO, South Korea’s largest steelmaker, said it’s no exaggeration to say that the company’s future is...
May 27, 2021 (Gmt+09:00)
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Earnings
POSCO revises up sales target after Q1 profit rises to 10-year high
South Korea’s largest steelmaker POSCO said on Monday it’s raising this year’s sales target by 17.5% after posting its highest q...
Apr 26, 2021 (Gmt+09:00)
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Electric vehicles
POSCO Chem to build cathode factories in EU, US from 2022
POSCO Chemical Co., the secondary battery materials unit of POSCO, plans to ramp up its cathode production by building new plants in Europe and the ...
Apr 18, 2021 (Gmt+09:00)
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Batteries
POSCO to build S.Korea’s first lithium plant by 2023
South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...
Apr 15, 2021 (Gmt+09:00)
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Batteries
Posco Chemical to supply EV battery materials to GM-LG Energy JV
Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...
Apr 05, 2021 (Gmt+09:00)
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Batteries
POSCO agrees on joint graphene cluster development
The steelmaker POSCO will lead in the creation of a graphene industry cluster in the city of Pohang, about 300km southeast of Seoul, where the compa...
Mar 31, 2021 (Gmt+09:00)
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Steel
POSCO CEO enters 2nd term with focus on eco-friendly markets
South Korean steelmaker POSCO Co. will put its efforts into gaining dominance in new growth markets such as eco-friendly vehicles and steel bars use...
Mar 12, 2021 (Gmt+09:00)
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Electric vehicles
SK, POSCO agree to develop new lightweight materials for future mobility
South Korea’s SK Global Chemical, a wholly owned subsidiary of SK Innovation, and POSCO have joined hands to develop steel and plastic composi...
Mar 08, 2021 (Gmt+09:00)
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Batteries
POSCO's lithium reserves in Argentina soar to $31 bn
The value of lithium reserves at a salt lake in Argentina, which South Korean steelmaker POSCO acquired for $280 million in 2018, is estimated to ha...
Mar 04, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor, POSCO steelmaking tie-up to develop hydrogen tech
South Korea’s Hyundai Motor Co. and steel giant POSCO have agreed to jointly develop technology that uses hydrogen instead of coking coal to p...
Feb 23, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor, POSCO tie up in hydrogen projects
South Korea’s Hyundai Motor Group and steel giant POSCO have agreed to cooperate in hydrogen-related projects and jointly explore overseas bus...
Feb 16, 2021 (Gmt+09:00)
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Earnings
POSCO likely to see strong 2021 following weak yearly performance
POSCO, the world’s fifth-largest steelmaker, is set to return to a strong performance this year following a lackluster 2020 hit by the fallout...
Jan 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KDB mulls sale of HMM to POSCO
South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry expe...
Jan 27, 2021 (Gmt+09:00)
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Batteries
POSCO acquires stake in Tanzania graphite mine to boost battery materials biz
South Korea’s largest steelmaker POSCO's commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition ...
Jan 18, 2021 (Gmt+09:00)
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Petrochemicals
S.Korean chem firms look to specialty chemicals to drive growth
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company...
Jan 17, 2021 (Gmt+09:00)
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Steel
POSCO may see Q1 operating profit reach $900 mn
South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies e...
Jan 17, 2021 (Gmt+09:00)
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