In major cities around the world, industrial activity is creating visible damages. (Source: International Business Times)

In order to meet this mark, industries need to find sustainable sources of fuel in the near future, or be met with costly penalties. Up to now, the price of non-renewable fuel was too attractive for clean energy to be competitive. However, tighter regulations, major leaps in technology and state-level commitment have birthed a new era of renewable energy.

Energy you can bank on

According to Bloomberg analysts, USD 10.2 trillion will be spent on new power generation by 2040, 72 percent of which will go towards wind and solar photovoltaic plants. By then, the cost of solar electricity will drop 66 percent, meaning by 2021, solar power will be cheaper than energy from coal in China, India, Mexico and the UK. The cost of onshore wind power will decrease by 47 percent by 2040, and offshore wind power by 71 percent thanks to more advanced and cost-effective wind turbines.  

Renewable energy is getting more and more competitive, and companies who don’t make the switch to clean fuel will be left out of the race.

SEE ALSO: How POSCO Sees a Future of Renewable Energy

However, electricity doesn’t fall from trees.

It falls from steel! Tons of steel (literally) are used to extract and convert energy from renewable energy sources.

Wind Energy

Most wind turbines are made of steel, and for an average wind turbine, 140 tons of steel are used. That accounts for 80 percent of all the materials that go into the tower, the nacelle, rotor blades and its supporting facilities. The majority of steel is used to make the tower which serves as the foundation on which the blades turn to generate energy. There are several types of turbine towers, such as steel-concrete hybrid towers, steel truss towers and steel lattice towers, but about 90 percent of all wind turbine towers are made of tubular steel. Also, steel’s non-corrosive properties maximize the lifetime of wind turbines and minimize maintenance costs.

Solar Energy

Solar electricity is one of the most promising types of renewable energy. By as soon as 2030, it can make up 13 percent of the world’s energy, and by 2050, the sun will be the largest source of electricity on earth. And steel will be soaking it all up – the sunlight that is. Steel makes up not only the frame of the solar panels, but the heat exchangers and other related infrastructure. Stainless steel is a great choice for solar panel frames because it is dense, high in strength and has the greatest corrosion-resistance than other light metals.  

SEE ALSO: India: A Rising Sun in the Global Renewable Energy Industry

Geothermal Energy

Mother earth just keeps on giving. There are about 1400 TWh of geothermal energy in the earth’s core that can be harvested by 2050. Geothermal energy gives off extreme heat, so it is vital for the heat exchangers, condensers, pipes, filters, pumps and valves to be corrosion resistant. Otherwise, maintenance costs would be unsustainable and corrosion can contaminate the water as well. That’s why most of the infrastructure related to geothermal energy is made of iron castings, stainless steel and steel alloys.

Tidal Energy

There’s plenty of energy in the sea as well. In the world’s oceans, there are about 1 million megawatts of usable tidal energy. Steel makes up most parts of the underwater turbines including the nacelles, support structures and underlying piles for a sturdy and sustainable power source. As with other renewable energy, increasing the lifetime and decreasing maintenance costs will determine the competitiveness of tidal energy. Thus, stainless steel is the go-to material for corrosion resistance. The infrastructure related to tidal energy extraction is massive in scale and will call for thousands and thousands of pounds of steel to construct.  

Korea is the largest source of tidal energy in the world, with 552.7 GHw of electricity harvested from Siwha Lake every year. It’s also where steelmaker POSCO is located to provide the necessary types and grades of steel for renewable energy production.

POSCO E&C has its own solar, wind, tidal and refuse-derived fuel (RDF) plants, which makes sure even industrial wastes get turned into energy. The company was also the first company in Korea to build a solar power plant in 8 different regions capable of generating 31.2MW of solar electricity.

In order to stay competitive in the market, industries are already using or transitioning towards renewable energy sources to fuel their business activities. As governments around the globe also commit to a greener future, the demand for steel used in renewable energy infrastructure will see a significant boost.

Cover photo courtesy of the National Geographic.

Kashkadarya Governor Ruziev Zafar Sharopovich, Uzbek government officials, POSCO DAEWOO Managing Director Hyun-soo Kim, and representatives from Hyundai E&C and the Asian Development Bank were among the attendees at the completion ceremony.

The project dates back to March 2013, when Uzbekistan’s state power authorities and the POSCO DAEWOO-Hyundai E&C consortium signed a construction agreement for the 929 MW combined cycle power plant. The USD 862 million project was financed by the Asian Development Bank.

This is the biggest single-unit power plant in Uzbekistan, and will account for 6.6 percent of all the power produced in the country. The plant’s electric power will be supplied to the southern parts of Uzbekistan.

As for the construction process itself, the consortium followed a turn-key process, meaning all the operations including engineering, purchasing and construction were carried out simultaneously.  

“POSCO DAEWOO’s global network, project operation and management skills paired with Hyundai E&C’s construction skills and technology created the synergy that led to the success of this project,” said an official of the consortium. “POSCO DAEWOO plans to use this opportunity to expand its IPP projects beyond Central Asia to Latin America and Africa.”

POSCO DAEWOO is currently operating the first 30MW private capital power plant in Papua New Guinea and is working on building a second plant. Also in the works are new private capital power plant projects in Myanmar, Indonesia and Latin America. POSCO DAEWOO plans to carry out projects related to gas combined cycle power plants and solar power all over the world, and expand the power plant business to the size of 2GW in generation capacity by 2020.

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What is the Circular Economy?

The circular economy concept gained momentum in the 1970s as academics, businesses, and thought leaders realized that there needed to be a change in the way products were manufactured and disposed of. The general goals of a circular economy involved eliminating waste, using renewable energy to manufacture goods, and to be more respectful of the natural environment.

In a circular economy, resources need to be allocated efficiently while making products that earn a return for the businesses without being too costly to consumers. Products should be durable, recyclable, and easily repaired. Simply put, manufacturers and consumers need to extend the life of their products before they are thrown away.

A well functioning circular economy ensures that products retain value even at the end of their use stage. Ideally, products would be-be 100% recyclable, and even before reaching that stage, they should be durable enough for reuse or remanufacturing. Steel represents a critical piece of this concept as it can be reused, repurposed, and remanufactured after use and then still remains infinitely recyclable. Beyond that, advances in steel production technology have created more energy efficient and green processes for steelmakers.

Steel in the Circular Economy

Steel is used to manufacture and ship almost every product on the globe. Its ubiquity makes it a central piece of the concept of a circular economy and more sustainable production. It can be reused, remanufactured, and recycled without losing any of its properties. Also, due to technological advancements in recent decades, steel has become both lighter and stronger making everything from cars to ships more energy efficient.

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In addition to lightweighting, one must look at steel’s life cycle assessment in order to measure its effect on the circular economy, Last month on The Steel Wire, Dr. Roland Geyer from the University of California at Santa Barbara took an in-depth look at the life cycle assessment of steel. His research aims to show that steel’s benefit to the automotive industry lies not only in its lightweight properties but also in its ability to be recycled and used over and over again – making it the most optimal material for automakers in a circular economy.

POSCO Innovates in Sustainable Steel Production

For its part in the circular economy, POSCO has been pursuing advancements in sustainable steel production from multiple angles. To reduce greenhouse gas emissions, POSCO helped develop the FINEX® process. It is based on the direct use of iron ore fines and non-coking coal while eliminating the coke-making and sintering processes, which are most critical to the conventional blast furnace process. Combining these two decisive advantages led to lower production costs and a reduction of environmental emissions in comparison with the conventional blast furnace route.

For automakers, the steel used to manufacture vehicles is critical to the circular economy in both its production and use. POSCO has been at work developing new automotive steel solutions that are lighter, stronger, and more affordable. They have also begun utilizing advanced AI and IIoT (internet of things) solutions in its automotive steel plants to reduce waste.

Because POSCO GIGA STEEL is lightweight, strong, and affordable, it is the ideal material option for automakers looking to build more sustainable vehicles.

For its manganese steel production, POSCO developed new technology that cut production time in half while increasing efficiency by 10%. Now, instead of melting the iron, lowering the temperature, and then melting it again, POSCO can store the molten iron at its new PosLM facility helping to reduce energy costs and shorten production time.

In order to move toward a circular economy, businesses and industries must make fundamental changes to how their products are manufactured and used. Steel remains a critical piece of this concept as it can be reused, remanufactured, and recycled. However, more needs to be done, and companies like POSCO are taking the lead to develop more sustainable production processes.

*Graphs courtesy of the World Steel Association

While consumers are able to see benefits added to their daily lives with IoT, it is the adoption in the industry and manufacturing sectors that are seeing the most significant economic gains, reductions in waste, and higher quality production. IoT is expected to see massive growth in the next ten to fifteen years, and most of that growth is expected to come from enterprise adoption, or what is now called IIoT, the industrial internet of things.

Below we take a look at how businesses are implementing IIoT and how it is revolutionizing industries all over the world.

Volkswagen Truck & Bus Launches RIO Platform

Beginning in 2017, Volkswagen Truck & Bus began offering its  RIO platform, an open and cloud-based “operating system.” RIO is unique in that it can connect multiple pieces of the global supply chain regardless of brand. Because the shipping and logistics industries utilize many different brands and types of equipment, it has been difficult to make the process more connected and more sustainable – but RIO does just that.

Shippers, dispatchers, carriers, drivers, and recipients can all be connected with a uniform logistics platform that includes forecasting features. RIO looks at information from traffic, weather, and navigation and combines it with information from tractors, trailers, bodies, drivers, and orders so that it can offer recommendations in real time.

Volkswagen Truck & Bus utilize IIoT technology to help compile information across multiple brands and types of logistics equipment. (Photo courtesy of Volkswagen AG)

In utilizing IIoT technology, Volkswagen can streamline the vast information sources across brands that will help improve the transportation and reloading process. As Volkswagen Truck & Bus CEO Andreas Renschler noted, this is not just good for efficiency and the company’s bottom line, it is also good for the environment. Being able to real-time decisions through multiple sensors and input, there will be fewer empty trucks on the road and far less waste.  

Caterpillar IIoT Saves Money, Increases Uptime

In the U.S., construction and mining equipment company Caterpillar is utilizing IIoT to help customers monitor their equipment to increase efficiency. Partnering with Uptake, a predictive analytics firm, Caterpillar sends data gathered from sensors on its products and sends it into the cloud for diagnostic analysis. Caterpillar then provides its customers with vital information related to their equipment so that they have the ability to plan maintenance schedules more efficiently. If customers can know that several parts are likely to need to be replaced, these can be fixed all at once while the equipment is offline instead of having each one break individually while in use. This ultimately helps prevent costly downtime providing customers with uninterrupted productivity.

Caterpillar also integrated advanced IIoT systems in their Marine Division to help monitor almost every aspect of their tugboats and shipping vessels. The generators, engines, GPS, air conditioning systems, and fuel meters are all connected and providing valuable data for the systems operators.

Caterpillar’s IIoT systems can now look at GPS and weather information to help guide the ship operators in how much power to use when operating their vessels. Also, when Caterpillar looked at performance data and hull cleaning correlations, they learned that dirty hulls were costing more than $5 million per year in decreased performance. By changing the cleaning schedule from once every two years to once every six months, they were able to save $400,000 per year per ship.

POSCO Implements AI Into Its Smart Factories

POSCO’s Gwangyang Works is one of the top automotive coated steel plants in the world, providing 10% of global supply. During automotive steel production, one of the most critical steps is the coating weight process. When coating weight is controlled manually, quality deviates depending on the skill level of the worker, inevitably resulting in significant amounts of wasted zinc, so POSCO implemented IIoT technology to improve efficiency and product quality & consistency.  

POSCO workers monitor the optimal coating weight predicted through IIoT and AI. It is now possible to collect hundreds of different types of data and make adjustments in real time for complex coating weights

This highly-sophisticated technology helps keeps the thickness of the coating layer consistent – even when operating conditions change suddenly. They have installed a data integration infrastructure that uses an automated control technology that predicts the coating weight of zinc in automotive steel to precisely control the Continuous Galvanizing Line (CGL). In combination with the coating weight system, they have also created a data pre-analysis system that can preemptively detect abnormalities. The implementation of this technology has helped to increase the quality of POSCO’s automotive coated steel while also decreasing production costs.

Advancements in IoT technology are changing the way people live, but behind the scenes, at manufacturing facilities around the world, IIoT is having an even greater impact. Companies like Volkswagen, Caterpillar, and POSCO are leading the way to create more efficient and sustainable production methods using IIoT.

The POSCO 1% Sharing Foundation

The POSCO 1% Sharing Foundation was created in 2013 to mobilize support from POSCO Group employees and subcontractors. Volunteers donate 1% of their monthly salary to the foundation, which then goes to fund projects for communities that need support the most.

The Foundation has completed a number of meaningful projects under this venture utilizing the company’s advanced steel products, such as PosMAC and PosCozy. From Korea to Myanmar and Vietnam, POSCO employees have helped with the construction of numerous houses, playgrounds, and villages.

Myanmar Steel Bridge

In Hmawbi, a village outside of Yangon, Myanmar, villagers were struggling to cross the wooden bridge they had used for years. The wooden planks were rotting with holes making it unsafe and difficult to cross. During the rainy season, it was near impossible to use. In order to help the residents of Hmawbi commute safely, the POSCO 1% Sharing Foundation decided to replace the old bridge with a new one made of steel.

Residents of Yoewa Village crossing the steel bridge built by POSCO 1% Sharing Foundation

The newly built bridge, 3 meters wide and 20 meters long, utilized POSCO steel plates and PosMAC, a World Premium Product known for its unique strength, lightweight, and durable properties. On May 24, the foundation completed the construction of the steel bridge with the help and collaboration of the POSCO 1% Sharing Foundation. Over 150 people including POSCO employees, residents of Hmawbi, and other partners in Myanmar gathered to celebrate the completion of the project.

POSCO Vietnam Steel Village

On June 13, POSCO Group holds a ceremony for completing the construction of 104 steel houses in Ba Ria-Vung Tau Province.

In response to the request of Vietnam’s government to build a residential complex for the underprivileged in the Ba Ria–Vung Tau Province, POSCO Group began building houses in Vietnam’s largest business clusters near Ho Chi Minh City in 2014. Over the course of three years, over 1,500 POSCO Group employees and student volunteers have participated in various construction work, including a steel framing job, building walls, and painting, to help build houses for low-income families.

[clickToTweet tweet=”The POSCO 1% Sharing Foundation uses its advanced steel solutions to provide support for those in need.” quote=”The POSCO 1% Sharing Foundation uses its advanced steel solutions to provide support for those in need.” theme=”style6″]

With donations from the POSCO 1% Foundation and using POSCO’s advanced steel solutions, the project was completed on June 13. Together with Habitat for Humanity, the POSCO 1% Sharing Foundation built a total of 104 steel houses in Ba Ria-Vung Tau Province for 500 low-income families. While POSCO SS-VINA provided H Beams for building the house frames, POSCO A&C was in charge of supplying insulation materials that can absorb rain impact noise and block direct sunlight as well as designing the natural ventilation system.

POSCO Korea Donggurang Steel Land

In Korea, the POSCO 1% Foundation built Donggurang Steel Land, an indoor playground for children, and donated it to the local government in Incheon. Previously in 2013, the foundation established an agreement with the Incheon Government Office to build public facilities for children of dual-income families and began the construction. The playground includes an artificial rock climbing wall, a smart gym board, and other facilities that provide children with a safe environment in which to play.

POSCO 1% Sharing Foundation’s Donggurang Steel Land

The two-story facility was designed and constructed using POSCO’s own materials and technology. While the roof was built with corrugated steel plates with corrosion-resistant steel, the outer wall was constructed by applying a steel curtain wall system. In order to reduce noise between floors, POSCO’s flooring system, PosCozy, was also applied.

POSCO hopes that the newly built bridge and facilities can represent POSCO’s strong desire to connect community goals with the company’s resources and expertise to accomplish healthy and sustainable neighborhoods. Building on years of successful contributions to local communities around the world, POSCO will continue to strive to become an exemplary case of sustainable growth. 

This year, the Corporate Knights released their 13th annual Global 100 list, examining the sustainability efforts of about 4,000 companies with a market value of at least $2 billion. Their methodology looked at 14 key performance indicators (KPIs) covering environmental, social, and financial performance metrics.

The following list looks at the leaders of several industries and what they are doing to remain competitive in today’s challenging market.  

#1 in Metals & Mining – POSCO (#35 overall)

The metals & mining industry is typically associated with high emissions due to the high energy consumption required. POSCO is the only corporation listed in the mining & metals industry, ranking 35th among all corporations across all industries.

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POSCO has made significant efforts to be a leader in sustainable manufacturing. Through its smart factory technology, POSCO has refined its production processes, which reduces waste, improves quality, and ensures employee safety. POSCO’s World Premium Product PosMAC has proven to be an ideal solution for solar panels due to its lightweight and durable properties (even being used on floating solar panel farms). More recently, POSCO’s innovations in advanced high strength steels for automobiles have made it the material of choice for automakers looking for low emissions, sustainable solution.

Venturing out beyond the steel sector POSCO developed innovative solutions in the lithium rechargeable battery industry. Its new extraction method takes anywhere from 8 hours up to one month (a significant improvement over previous technologies that took anywhere from 12-18 months). This new technology is also able to extract lithium with a purity rate of 99.9% and increases the recovery rate to over 80% – which reduces the resources needed for extraction making the process more sustainable and eco-friendly.

POSCO CEO Kwon Ohjoon holds lithium carbonate that was extracted using POSCO’s newly advanced technology that reduces time and the resources needed for extraction.

Beyond steel production, POSCO subsidiaries all over the world work to improve the communities around them. Every year more than 80,000 POSCO employees participate in Global Volunteer Week all over the globe, providing support and assistance to those who need it most. POSCO also sponsors the Beyond program, giving university students the opportunity to give back by helping build homes for those in need.       

In addition to The Global 100, POSCO has been listed on the SAM-Dow Jones Sustainability Index for 12 straight years (2005-2016), and World Steel Dynamics (WSD) has named POSCO the most competitive steelmaker in the world for seven years running since 2010. POSCO also recently received awards for its CSR work in China and Southeast Asia.

#1 in Auto Industry – BMW (#16 overall)

For an industry in the midst of radical change and an effort to reposition itself to be more sustainable, BMW leads the group and ranks as the 16th most sustainable corporation.

Sustainability has been an integral piece of the BMW Group’s culture and corporate strategy for decades. In 1973, they became the first automaker to appoint an environmental officer. In 2001, they committed to the United Nations Environment Programme as well as the UN Global Compact and the Cleaner Production Declaration. Today, BMW has a Sustainability Board that defines the strategic alignment through binding targets.

Automated machines work on the assembly line, helping to reduce waste and improve product quality.

The Global 100 specifically noted BMW’s holistic approach in encouraging sustainable production throughout its entire value chain. This includes not just environmental protection, but also supply chain sustainability, employee orientation, and social commitment.

In South Carolina, BMW’s plant uses methane gas from a nearby landfill to generate the power and heat needed for production. In South Africa, they operate a biogas-fuelled heat and power station by processing waste from local cattle and chicken farms.

From planning to production to disposal & recycling, the BMW Group has been dedicated to making each step more sustainable. Apart from advancing electromobility technology in their vehicles, BMW has pushed to purchase raw materials from environmentally and socially friendly sources, reduce environmentally damaging waste water, and use transport vehicles with lower emissions.

BMW sees its future growth as dependent on its ability to become a more sustainable company. Their vision is to be “the most successful and sustainable premium provider of individual mobility” and the measures they have taken are proof of their commitment.

#1 in Industry – Siemens AG (#1 overall)

German industrial conglomerate, Siemens AG, is a major player in the healthcare, energy, industrial, and infrastructure sectors. Siemens defines sustainable development as “the means to achieve profitable and long-term growth…while striving to balance people, environment, and profit.” All of their efforts helped them to be ranked as the most sustainable corporation in the world by the Global 100.

Siemens efforts to cut its carbon footprint in half by 2020 and to be completely carbon neutral by 2030 were a significant factor of its #1 spot. Currently, 50% of energy consumption in Germany come from green energy sources, cutting its 2016 carbon emissions by more than 200,000 metric tons. In the United States, only 20% of its energy comes from renewable sources, but Siemens is on track to have all of its US sites use clean energy sources by 2020. Overall, Siemens plans to shrink its emissions by 750,000 metric tons of carbon dioxide by 2020.

In Thailand, three SGT-400 industrial gas turbines each drive a Siemens barrel-type compressor.

In addition to its commitment to cut its carbon emissions, the Corporate Knights noted Siemens’ efforts to improve the efficiency of energy and water usage, responsible approach to paying taxes, significant investments in innovation, low employee turnover and strong female board representation. More than 30% of the Siemens supervisory board are women and they remain committed to seeing higher representation at lower levels of management as well.

Earlier this year, POSCO CEO Kwon Ohjoon visited Siemens in Germany to learn more about Siemens’ advanced manufacturing technologies and smart factory solutions. Its plant in Amberg is a model smart factory thanks to its 1,000 sensors used to connect its IOT technology, that makes it possible to check for abnormalities at each stage of the production process. These sensors can also stop the production line if any defective products are found and replace them with new ones. Also, with the ability to analyze 50 million pieces of process information per day, Siemens is continuously optimizing its production processes to ensure the lowest possible rate of defects.

POSCO remains committed to working with partners like Siemens while continuing to optimize its plants and processing centers to be more sustainable for its customers, employees, and partners.

The cryogenic high manganese steel is a high value-added material that POSCO proprietarily developed after more than a decade of research. It is the representative World Premium Product of POSCO. Cryogenic high manganese steel is a steel product that can withstand a very low temperature of -196℃, making it suitable for storing and transporting Liquefied Natural Gas (LNG). Also, because it is more weldable than conventional nickel alloy steel and 20-30% cheaper than nickel alloy steel, stainless steel and aluminum alloy steel, it is a solid alternative to these competing materials.

POSCO is constantly striving to develop and commercialize new steel products. Its recent registration with ASTM International strengthens its competitiveness in advanced steel technology. Teresa Cendrowska, VP of Global Cooperation at ASTM International stated, “POSCO is leading the standardization of new steel technologies at ASTM International and has become a model for other steelmakers by setting a new standard for high manganese steel.”

Last year, POSCO’s cryogenic high manganese steel was used for an LNG fuel tank for the world’s largest LNG-fueled bulk carrier (a bulk carrier using LNG as fuel) built by Hyundai Mipo Dockyard. In the future, POSCO plans to provide Solution Marketing to domestic and overseas oil majors and EPC customers. It also plans to sell World Premium Products in the energy sector and develop new markets.

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Advancements in products, production methods, and new technologies have helped POSCO expand the expectations of what a sustainable steel company should be.  

In honor of Earth Day, The Steel Wire takes a look back at seven recent initiatives & breakthroughs from the last year that have helped POSCO become an industry leader in sustainable development.

POSCO GIGA STEEL: Lighter for EVs, Less Production Emissions

As the auto industry heads toward producing lighter, more fuel efficient vehicles, they need materials that are both strong and light. Car bodies manufactured with POSCO GIGA STEEL and other advanced high strength steels could see a 26% reduction in total weight. Also, based on its life cycle assessment measuring carbon dioxide emissions from production to recycling, POSCO GIGA STEEL performs remarkably well as an eco-friendly material. According to the World Steel Association, steel emits 2.0 to 2.5 kg of carbon emissions when producing 1 kg of material while aluminum emits 11 to 12.6 kg when producing the same amount.

See how POSCO GIGA STEEL offers an ideal material solution for automakers looking to make more lightweight and fuel efficient cars.

POSCO’s Smart Factory Introduces Artificial Intelligence

When POSCO introduced artificial intelligence into its smart factory operations in February, they were able to create higher quality products using a more sustainable production method. Coating weight control is a highly sophisticated process that keeps the coating layer consistent. Quality can deviate depending on the worker, but with POSCO’s new AI technology they can ensure quality control while reducing wasted zinc during production.

Read more about how POSCO is using AI and smart factory technology to make its operations more efficient and sustainable.

POSCO’s Advancements in Lithium Extraction Recharge the Battery Industry

Lithium extraction traditionally takes anywhere from 12-18 months using a slow evaporation technique. However, POSCO’s new extraction method, which came online in February of this year, takes from 8 hours up to one month while also offering a purity rate of 99.9% and increasing the lithium recovery rate to over 80%, which reduces the resources needed for extraction making the process more sustainable and eco-friendly. Also, in a first for the industry, POSCO developed a way to extract lithium from recycled batteries. Both of these innovations have helped create more eco-friendly processes for an industry that is expected to grow exponentially in coming years.

Find out more about POSCO’s developments in lithium extraction and its efforts to reshape the industry.

POSCO Expands Production of its Non-Oriented Silicon Steel for Electric Vehicle Drive Motors

Top-grade non-oriented silicon steel is a core ingredient in high-efficiency premium consumer electronics and electric vehicles. It is an environmentally-friendly material that saves energy and reduces CO2 emissions. With the completion of its non-oriented silicon steel (Hyper NO) facility on February 20, production has increased from 80,000 to 160,000 tons, which is enough to supply parts for approximately 2.6 million electric vehicle drive motors.

Read more about POSCO’s efforts secure its position as a leading supplier to the growing electric vehicle market.

POSCO Humans Selected as Innovation Leader for Sustainable Solar Power Development

POSCO Humans received excellent evaluations last January for its steel structures that were built for solar facility installations. In particular, POSCO Humans received high marks for its structure that are used exclusively for floating solar power generation facilities and exclusive bolts that utilize PosMAC. It is a bolt-assembled structure that eliminates the need for hole machining and special tools.

Discover how POSCO developed floating solar panels using PosMAC.

POSCO’s World Premium Stainless Steel Shows No Corrosion After 18 Years at Incheon Airport

The first passenger terminal at Incheon International Airport was built in 2001 using POSCO’s 446M steel, and after 18 years, few signs of corrosion have been seen. Building exteriors and roofs are the most visible parts of buildings, while also being the most vulnerable to corrosion. Materials used in their construction should be both corrosion-resistant and aesthetically pleasing. Therefore, when planning for the second terminal, they decided to use the same type of steel along with the application of the bead blast process that will create a rough texture on the roof to lower the reflectivity rate for aircraft pilots during take-offs and landings.

Find out how POSCO’s stainless steel products offer decorative and durable interior and exterior options in buildings.

PosMAC Shines at Renewable Energy India

PosMAC was recognized at the Renewable Energy India expo for its unique properties that make it uniquely suited for solar energy development. PosMAC is not just lightweight, it is also non-corrosive and durable enough to last 20-30 years.

Find out more about PosMAC at the Renewable Energy India expo, or find out more about PosMAC.

Throughout April & May, The Steel Wire will explore the uses and benefits of POSCO GIGA STEEL and what POSCO is doing to lead the industry with new automotive steel solutions.   Subscribe to our newsletter today.

This evaluation was designed to measure the current status of the sector and also to see where it is headed. LG Electronics, LS Industrial Systems and Hanwha Q CELLS were selected along with POSCO Humans.

A panoramic view of a floating solar power system installed with POSCO’s corrosion-resistant World Premium PosMAC Profile in Boryeong Dam by POSCO Humans.

POSCO Humans started its solar power business in 2013 with Korea Water Resources Corporation in order to provide a framing system for a floating solar power system. Currently, the company is carrying out projects in the structural and EPC sectors.

POSCO Humans received excellent evaluations for its steel structures that were built for solar facility installations, the use of PosMAC materials for solar power generation, and its eco-friendly floating solar power systems.

In particular, POSCO Humans received high marks for securing superior technology in its PosMAC profile – including a structure used exclusively for floating solar power generation facilities and exclusive bolts that utilize PosMAC. In particular, the PosMAC profile is a bolt-assembled structure that eliminates the need for hole machining and special tools. Therefore, the PosMAC profile garnered attention as a cost-saving product that can greatly cut back on installation time.

Based on this technology, POSCO Humans also conducted other energy-related projects including a floating solar power system at Boryeong Dam (2.0Mw) in South Chungcheong Province, a land solar power system (1.0Mw) in Shihwa Lake, a water purification plant in Siheung (0.4Mw), and a pumping station at Gwangmyeong for the Korea Water Resources Corporation (0.6Mw).

In the future, POSCO Humans will develop its solar EPC business into new next-generation business areas and plan to provide its customers with total solution services such as business feasibility studies, design, construction and post-construction operations.

*PosMAC: A highly corrosion-resistant alloy-coated steel sheet developed by POSCO’s proprietary technology which is more than 5 times stronger than conventional coated steel sheets in corrosion resistance and chemical resistance.

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With an aim to strengthen POSCO’s solutions marketing and World Premium products in India, POSCO-INDIA (President, Mr. Gee-Woong Sung) will take the role as the regional representative of POSCO. Responsible for the marketing of PosMAC, it has already entered into sales agreements with a few Indian clients.

The Future of PosMAC in India

In the past few months, POSCO-INDIA has secured the supply order for 300 tons of PosMAC, and the first consignment will arrive by December. A huge jump in the sales volume is expected in 2016. Together with POSCO-IDPC, POSCO-INDIA’s target is to promote and introduce PosMAC to its existing Engineering Procurement Construction (EPC) and Independent Power Producer (IPP) clients. It will also gradually increase the sales volume in India by partnering with other big players in industries ranging from general engineering, automobile and home appliances. The solar power industry is also one of the main focuses for PosMAC in India. In January 2016, POSCO-INDIA is planning to organize a PosMAC technical seminar for potential local clients, with assistance from POSCO HQ and other family companies within India.

At present, two rooftop solar panel structures using PosMAC steel, with 75000 Kwh annual capacity, is being installed at the POSCO-IDPC plant in Bawal. It is considered to be the pilot project for introducing PosMAC in India, intended to showcase these solar units to potential PosMAC clients. The completion target is February 2016 and upon completion, both units will cover the power requirements of the administration and canteen building at IDPC plant.

POSCO-INDIA believes that PosMAC can become popularized for use in the solar panel market in India. Because it is less expensive than other corrosion-resistant materials such as stainless steel, PosMAC steel is highly sought-after for its strength, durability and affordability, which is a key deciding factor for the price-sensitive market. Additionally, PosMAC steel will significantly lower costs by eliminating the need for frequent replacement.

The Benefits of PosMAC Steel

It is well known that steel is essential to modern life and to a future of sustainable development. Nevertheless, it is susceptible to inevitable obstacles. Steel corrodes when exposed to certain conditions. As the industrialized world looks into ways to prevent corrosion, POSCO’s unwavering focus on R&D of steel material products resulted in PosMAC. It is a ternary alloy coated steel with high corrosion resistance developed using POSCO’s own technology and is five to ten times more resistant than normal hot-dip galvanized steel sheets (GI, HGI) of the same coating weight. This means it can replace normal thick plating products.

A tropical country surrounded by ocean on three sides, India has varied climatic conditions, exposing steel structures to environmental corrosion. PosMAC is an appropriate solution to such situations, as it guarantees more durability and resistance to rust and corrosion than existing versions of steel. In 2014, the Prime Minister of India, Mr. Narendra Modi, set a target of 100 GW of solar generation capacity by 2022, nearly a 33-fold increase from the current capacity. This announcement generated the interest of many private companies in India’s solar power sector. POSCO-INDIA expects to offer PosMAC as a durable solution to corrosion resistance in India.

POSCO-INDIA is committed to enhancing competitiveness for its customers by offering technology, business know-how, marketing support and other assistance to its clients. PosMAC will take the lead in a new era of innovative, premium products developed by POSCO.

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