Hazer Group Partners with POSCO for Green Steel

Hazer Group Ltd. (AU:HZR) has released an update.

Hazer Group Ltd has partnered with POSCO, one of the world’s largest steelmakers, to advance the decarbonization of the steel industry through a new clean hydrogen production technology. The non-binding MOU between the companies will explore integrating Hazer’s technology with POSCO’s low-carbon steel production and further applications of Hazer’s graphite. This collaboration aligns with both companies’ commitments to reducing carbon emissions, with POSCO aiming for carbon neutrality by 2050.

For further insights into AU:HZR stock, check out TipRanks’ Stock Analysis page.