POSCO Launches Korea's First Carbon Reduction Brand... "Supplying LG Electronics, Samsung Also Considering"

Distributing and Selling 590,000 Tons of Carbon Reduction Across Products

POSCO announced on the 4th that it has launched the country's first carbon reduction brand product. Supply to LG Electronics has been confirmed, and Samsung Electronics is also positively reviewing it.

When purchasing POSCO's newly launched 'Greenit Certified Steel Sheet,' it is recognized as having reduced carbon emissions. POSCO provides customers with a product certificate from DNV, one of the world's top three carbon certification bodies, and a POSCO purchase certificate to guarantee the amount of carbon reduction in raw materials. European and Japanese steelmakers introduced a method in 2021 that allocates carbon emission reduction achievements to specific steel products. POSCO is the first in Korea to do so.

The total certified carbon reduction amount by POSCO this time is 590,000 tons (tCO2). The carbon emission factor, which indicates carbon emissions (t-CO2) per steel production volume (t-steel), is approximately 2t (t-CO2/t-steel). In other words, it means that about 200,000 to 300,000 tons can be sold as 'Greenit Certified Steel Sheet.'

Eom Gi-cheon, Head of Marketing Strategy at POSCO, is explaining POSCO's plan to launch carbon reduction products to invited clients at the POSCO Center on the 1st.
[Photo by POSCO]

The first customer is LG Electronics. They ordered 200 tons of Greenit Certified Steel Sheet steel products for dryer parts. POSCO stated, "LG Electronics plans to actively consider expanding the application of carbon-reduced steel materials in home appliances in the future." Previously, POSCO signed a supply and purchase business agreement for carbon-reduced steel products with LG Electronics in November last year.

Samsung Electronics is also reviewing the priority application of Greenit Certified Steel Sheet in premium oven products. POSCO recently signed a three-year supply contract with Samsung Electronics for high-strength, high-corrosion-resistant products for home appliances and electrical steel sheets, the first in the industry. They are strengthening technological cooperation and carbon-neutral partnerships.

POSCO is accelerating its carbon-neutral business with customers like Samsung Electronics and LG Electronics as part of its activities to realize the 2050 carbon-neutral roadmap. On the 1st, POSCO held a 'Carbon Reduction Product Launch Plan Briefing' for major customers and unveiled the product lineup to be launched by 2030.

They plan to improve low-carbon operation technology and establish an electric furnace. Until the electric furnace at the Gwangyang Steelworks starts operation in 2026, they intend to expand sales of Greenit Certified Steel Sheet. At the briefing, Marketing Strategy Director Eom Gi-cheon said, "We aim to take a step toward carbon neutrality by launching the Greenit Certified Steel Sheet product."