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TOKYO, April 9, 2025 /PRNewswire/ -- Nippon Steel Corporation (Nippon Steel), Japan's largest steelmaker and one of the world's leading steel manufacturers, and TIER IV, Inc. (TIER IV), the pioneering force behind the world's first open-source software for autonomous driving, are working together to automate steel transportation with heavy-duty autonomous vehicles, aiming to deploy the technology at the steelmaker's Nagoya plant in fiscal 2025. The companies have been collaborating to tackle challenges linked to labor shortages with autonomous driving technology since fiscal 2023. To optimize logistics and enhance plant safety, Nippon Steel is driving efforts to automate vehicles such as the specialized transporters that carry pallets loaded with steel plates. TIER IV offers reference designs to streamline the development and deployment of autonomous driving systems. In this collaboration, reference designs for factory logistics are being customized to develop an autonomous driving system for steel transportation. Nippon Steel and TIER IV are committed to tackling challenges such as labor shortages, pioneering innovations that will revolutionize plant efficiency and safety with autonomous driving technology. About Nippon Steel Nippon Steel is Japan's largest and one of the world's leading steel manufacturers, operating production bases in Japan and more than 15 countries worldwide. The Nippon Steel Group is engaged in four key business areas: steel manufacturing, engineering, chemicals & materials, and system solutions. The company's management plan focuses on four pillars: "Reconstruction of Domestic Steel Business and Strengthening of Group Management," "Global Strategy for Evolution and Expansion of Overseas Business," "Challenges Toward Carbon Neutrality," and "Promotion of Digital Transformation Strategy." Aiming to become the world's No.1 comprehensive steel manufacturer, Nippon Steel pursues the highest levels of technology and manufacturing excellence to contribute to society through superior products and services. For more details, please visit Nippon Steel's website: https://www.nipponsteel.com/. About TIER IV TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world's first open-source software for autonomous driving Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving. Autoware is a registered trademark of The Autoware Foundation. Media ContactNippon Steelhttps://www.nipponsteel.com/contact/TIER IVpr@tier4.jp
Hyundai Steel to produce 2.7 million metric tons of steel annually at new Electric Arc Furnace (EAF)-based integrated steel mill in Louisiana, U.S. Significant investment to drive automotive steel manufacturing and reduce supply chain carbon emissions in the U.S. Commercial production of automotive steel plates targeted for 2029, ensuring stable, high-quality steel supply for global automakers, including Hyundai Motor and Kia Hyundai Steel builds its first overseas production base... Expansion into the U.S., where steel demand is robust, provides new growth engine WASHINGTON and SEOUL, South Korea, March 25, 2025 /PRNewswire/ -- Hyundai Steel Company has announced a significant investment of $5.8 billion to establish a new, state-of-the-art EAF-based integrated steel mill in Louisiana. Hyundai Steel's Louisiana mill will focus on the production of steel plates for the automotive industry, driving growth in U.S. manufacturing capabilities and creating over 1,300 jobs in the state, while reinforcing Hyundai Steel's commitment to sustainable steel production. The EAF-based integrated steel mill will provide an annual steel production capacity of 2.7 million metric tons, with commercial production targeted to begin in 2029. The new mill will also incorporate advanced technologies for producing Direct Reduced Iron (DRI), alongside capabilities for hot-rolled and cold-rolled steel plates. As the first EAF-based integrated steel mill in the United States to integrate all stages of steel production, from raw materials to finished products, Hyundai Steel's new plant will produce high-grade automotive steel while reducing carbon emissions compared with conventional Blast Furnace (BF) operations. Hyundai Steel is actively pursuing a joint investment initiative with Hyundai Motor Group to ensure stable capital deployment and reinforce the competitiveness of its U.S. business. In parallel, the company is evaluating equity investment opportunities with strategic partners. "Hyundai Steel's investment in an EAF-based integrated steel mill in the U.S. is anticipated to stimulate local economic growth, including the creation of new job opportunities. We plan to supply automotive steel plates not only for Hyundai Motor and Kia's strategic models but also to expand sales to U.S. automakers in the future," said Hyundai Steel President and CEO, Seo Gang-Hyun. Bold strategy for sustainable growth… Global recognition through high-end products Hyundai Steel will respond to the diverse needs of domestic and overseas customers in a timely manner by building an EAF-based integrated steel mill capable of producing high-end products, including automotive steel, in the U.S. Through localized production, the company will ensure a stable supply of high-quality, domestically produced steel plates to global automakers across America. The mill will be strategically located near Hyundai Motor Company's Montgomery, Alabama and Kia's West Point, Georgia manufacturing plants – as well as the Hyundai Motor Group Metaplant America (HMGMA) facility in Savannah, Georgia – giving it a competitive edge in supplying automotive steel. Hyundai Steel will also target markets in Latin America and Europe. The company will collaborate with global automotive partners and investors to continuously enhance innovations in research, development and production. Following successful operations at its Louisiana mill, Hyundai Steel will adopt the EAF-based integrated steel mill system at its plants in South Korea, moving towards the integration of a carbon-neutral production system. In addition, by leveraging its heightened global brand recognition, Hyundai Steel looks forward to securing new customers for steel products produced in South Korea. Hyundai Steel has more than 70 years of know-how in operating EAFs and has already produced about one million metric tons of automotive steel plates using EAF technology from 2007 to 2010. In October 2022, the company successfully completed the world's first test production of 1.0Gpa-grade carbon-reduced high-grade steel plate through EAF operations. An official from Hyundai Steel stated, "By establishing a global production base, we aim to secure a foundation for future growth and solidify our position as a steel company capable of sustainable growth." www.hyundai-steel.com
Onsite hydrogen production using industrial off-gases now offers a commercially viable,economic clean energy for heavy industry HOUSTON, March 10, 2025 /PRNewswire/ -- Utility, the leader in affordable, reliable and clean hydrogen solutions that drive a profitable energy transition for hard-to-abate industries worldwide, today announced the successful operation of the company's H2Gen® system at a major steel plant in North America. Utility's H2Gen system successfully produced the world's first hydrogen using steel plant off-gas (blast furnace gas) in an elegant single process step under actual site conditions. Additionally, this marks the industry's first successful implementation of a system that can produce clean hydrogen from water without the need for electricity. The H2Gen system is now proven as the leading economic clean hydrogen platform solving the steel industry's significant clean energy challenges. It is a solution that is commercially available, cost-effective, offers a profitable pathway to a clean energy transition and easily integrates with existing assets. Steel production is vital to industrial progress, but it is also one of the world's most energy-intensive processes, facing significant energy transition hurdles in reducing its carbon footprint. These challenges include: Capital costs in the billions of dollars for alternative steelmaking technologies compared to the blast furnaces used in making most of the steel globally Limited space and infrastructure constraints for making economic on-site clean hydrogen that can reduce carbon footprint of existing steel plants The need to balance sustainability with productivity and global competitiveness while lacking economic carbon capture solutions for the steel industry Utility's H2Gen system offers a groundbreaking solution to these challenges by producing hydrogen from water using industrial off-gases, such as blast furnace gas. The H2Gen system enables on-site hydrogen production with a compact footprint while delivering enriched CO₂ at a single point for cost-effective carbon capture. With more than 3,000 hours of successful operation at a major steel plant, H2Gen has demonstrated its ability to drive a cost-effective, scalable, reliable and commercially ready energy transition pathway for heavy industries including steel, biogas-to-hydrogen, chemicals, refining, upstream oil & gas, power, and hydrogen-powered data centers. REAL-WORLD PROJECT RESULTS: Hydrogen Production: The H2Gen system consistently produced hydrogen on-site without the need for electrical input to the reaction. Seamless Integration: Designed for compatibility and operational simplicity, the modular, factory-built H2Gen system integrates with existing steel plant processes with minimal pre- and post-gas treatment, enhancing operational efficiency. Robust Performance: The system demonstrated significant flexibility, handling a wide variety of feed gas conditions and could restart in less than 15 minutes after feed gas outage events. Cost-Effective and Scalable Solution: By minimizing operating and capital costs with a very small onsite footprint and modular scalability, H2Gen provides a practical, economic pathway to clean hydrogen production for decarbonizing steel manufacturing, among many other hard-to-abate industry sectors. "Decarbonizing heavy industries like steel, mobility, chemicals, refining, and power has been one of the toughest challenges in the energy transition — until now. Our successful deployment of H2Gen at a major steel plant proves we can deliver scalable, economic, clean hydrogen solutions that seamlessly integrate with existing infrastructure and assets. H2Gen is the only commercially viable solution for producing clean hydrogen in hard-to-abate industries like steelmaking." stated Parker Meeks, chief executive officer of Utility. "Utility is rapidly scaling to meet global demand, with strong momentum in steel, biogas-to-hydrogen for mobility and beyond. Our H2Gen systems provide an economic, modular solution without the high costs and infrastructure barriers of alternative hydrogen technologies. With strong customer and partner momentum including the recent ArcelorMittal funding and GH EnA Project Development announcements, we are accelerating the shift to clean hydrogen at scale." Utility Global, Inc. (www.utilityglobal.com) is a portfolio company of Ara Partners (www.arapartners.com), a private equity firm specializing in industrial decarbonization investments. About Utility Utility is a Houston, Texas-based off-gas-to-value company built specifically to enable economic decarbonization of hard-to-abate sectors like mobility, steel and others. Utility's H2Gen® system needs no electricity to utilize the remaining electrochemical energy contained in a wide range of dilute off-gases to produce high-purity clean hydrogen from water. Utility's H2Gen systems are highly scalable, modular, smaller in size and compatible with existing industrial processes and assets. H2Gen minimizes balance of plant, increases operational flexibility and offers attractive benefits in total cost of ownership. Utility helps companies in hard-to-abate industries meet sustainability and business goals by reducing emissions, energy use and waste profitably. Utility turns the environmental challenges of off-gases into competitive advantages as onsite energy, fuel or feedstock. About Ara Partners Founded in 2017, Ara Partners is a global private equity and infrastructure firm dedicated to decarbonizing the industrial economy. Ara seeks to build, scale, and optimize companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Washington, D.C., and Dublin. Ara Partners closed its third private equity fund in December 2023 with over $2.8 billion in new capital commitments. As of September 2024, Ara Partners had approximately $6.3 billion of assets under management. For more information about Ara Partners, please visit www.arapartners.com. Logo - https://mma.prnasia.com/media2/2590736/Utility_Global_2025_Logo.jpg?p=medium600
HONG KONG, Feb. 20, 2025 /PRNewswire/ -- Kerry Logistics Network Limited ('KLN'; Stock Code 0636.HK) has formed a joint venture, POSCO Flow (Thailand), through Kerry Siam Seaport ('KSSP'), its subsidiary in Thailand, with POSCO Flow, the logistics arm of POSCO Group, the largest steelmaker in South Korea. Under the partnership, KLN will act as the preferred logistics partner of POSCO Flow (Thailand) and provide comprehensive port and logistics support to POSCO Group's subsidiaries in Thailand as well as other markets in Southeast Asia. KSSP has been serving POSCO Group since 2017 for all their nominated vessels in Thailand, providing services including port, warehousing, transportation, customs clearance, stuffing/unstuffing, stevedoring and container freight. POSCO Group, a Fortune 500 company, has production facilities in 16 countries across Asia, the Americas, Africa, Europe and Oceania. The joint venture in Thailand will be a blueprint to further KLN and POSCO Group's collaboration and strengthen both companies' steel logistics capabilities in Southeast Asia and worldwide. Ellis Cheng, Executive Director and Chief Financial Officer of KLN, said, "The establishment of POSCO Flow (Thailand) is a milestone in the long-term collaboration between KLN and POSCO Group. Through this partnership, we not only support POSCO Group's expansion into Thailand's logistics market but also enhance the service capabilities of both companies, leveraging KLN's proven track record and solid presence in Southeast Asia and worldwide. The joint venture is a testament to the service excellence of KSSP and enables KLN to set new benchmarks in industrial logistics." Ha Jong-beom, Head of Steel Logistics of POSCO Flow, said, "This joint venture will enable us to secure a competitive advantage in the steel logistics market in Thailand and lay the foundation for expanding our business to the Southeast Asian market. Through this cooperation with KSSP, we will strive to provide the best logistics solutions to the companies under POSCO Group in the region and contribute to their cost competitiveness." KSSP is a multi-purpose deep sea port located at the heart of ASEAN that provides wide berth docking, container operations and warehousing services in one strategic location, serving the industrial estates on Thailand's eastern seaboard and in the Greater Mekong Region. Its joint venture with POSCO Flow marks a major step in the extension of KLN's industrial project logistics footprint in Asia. About Kerry Logistics Network Limited (Stock Code 0636.HK) KLN is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment. With a global presence across 59 countries and territories, KLN has established a solid foothold in half of the world's emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations. KLN generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
HONG KONG, Feb. 20, 2025 /PRNewswire/ -- Kerry Logistics Network Limited ('KLN'; Stock Code 0636.HK) has formed a joint venture, POSCO Flow (Thailand), through Kerry Siam Seaport ('KSSP'), its subsidiary in Thailand, with POSCO Flow, the logistics arm of POSCO Group, the largest steelmaker in South Korea. Under the partnership, KLN will act as the preferred logistics partner of POSCO Flow (Thailand) and provide comprehensive port and logistics support to POSCO Group's subsidiaries in Thailand as well as other markets in Southeast Asia. KSSP has been serving POSCO Group since 2017 for all their nominated vessels in Thailand, providing services including port, warehousing, transportation, customs clearance, stuffing/unstuffing, stevedoring and container freight. POSCO Group, a Fortune 500 company, has production facilities in 16 countries across Asia, the Americas, Africa, Europe and Oceania. The joint venture in Thailand will be a blueprint to further KLN and POSCO Group's collaboration and strengthen both companies' steel logistics capabilities in Southeast Asia and worldwide. Ellis Cheng, Executive Director and Chief Financial Officer of KLN, said, "The establishment of POSCO Flow (Thailand) is a milestone in the long-term collaboration between KLN and POSCO Group. Through this partnership, we not only support POSCO Group's expansion into Thailand's logistics market but also enhance the service capabilities of both companies, leveraging KLN's proven track record and solid presence in Southeast Asia and worldwide. The joint venture is a testament to the service excellence of KSSP and enables KLN to set new benchmarks in industrial logistics." Ha Jong-beom, Head of Steel Logistics of POSCO Flow, said, "This joint venture will enable us to secure a competitive advantage in the steel logistics market in Thailand and lay the foundation for expanding our business to the Southeast Asian market. Through this cooperation with KSSP, we will strive to provide the best logistics solutions to the companies under POSCO Group in the region and contribute to their cost competitiveness." KSSP is a multi-purpose deep sea port located at the heart of ASEAN that provides wide berth docking, container operations and warehousing services in one strategic location, serving the industrial estates on Thailand's eastern seaboard and in the Greater Mekong Region. Its joint venture with POSCO Flow marks a major step in the extension of KLN's industrial project logistics footprint in Asia. -End- About Kerry Logistics Network Limited (Stock Code 0636.HK)KLN is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment. With a global presence across 59 countries and territories, KLN has established a solid foothold in half of the world's emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations. KLN generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
Collaboration with Baosteel sets new benchmark for steel emissions data collection; Plaza 66 Pavilion Extension in Shanghai achieves a 35% reduction from baseline steel emissionsHONG KONG SAR / SHANGHAI, CHINA - Media OutReach Newswire - 27 November 2024 - Spearheading the effort to decarbonize real estate across China, Hang Lung Properties Limited (SEHK stock code: 00101) ("the "Company" or "Hang Lung") is using nearly 100% low carbon emissions steel for all above ground structural plates (to be manufactured into columns and beams) and reinforcing bars of its Pavilion Extension at its flagship Plaza 66 mall in Shanghai. This marks the first commercial real estate project in mainland China to incorporate low carbon emissions steel, sourced from Baoshan Iron & Steel Co., Ltd. ("Baosteel"), achieving a 35% reduction in the steel's embodied carbon compared to conventional steel alternatives. A celebration ceremony to announce Baosteel’s BeyondECO® low carbon emissions reinforcing bars and Hang Lung’s first adoption of nearly 100% low carbon emissions steel was recently held at Wuhan Iron and Steel Co., Ltd. Bar Factory in Wuhan. The ceremony was attended by Mr. Liu Luchang, Deputy General Manager of Wuhan Iron and Steel Co., Ltd. (tenth right), Mr. Du Xiufeng, Factory Director of Wuhan Iron and Steel Co., Ltd. Bar Factory (fifth left) and Mr. John Haffner, Deputy Director – Sustainability, Hang Lung Properties Ltd. (ninth right), and other representatives of both organizations. In addition, representatives from Hubei Metallurgical Industry Association, Hubei Steel Structure Association, Hubei Society for Metals, CITIC General Institute of Architectural Design and Research Co., Ltd., Jiangsu Jianye Construction Group Co. Ltd. also attended the ceremony Real estate accounts for more than 38% of China's total annual carbon dioxide emissions. In Hang Lung's case, steel emissions accounted for approximately 40% of its total embodied carbon emissions in 2023, making steel decarbonization essential for achieving its goal of reducing its scope 3 greenhouse gas emissions. Hang Lung's low carbon emissions steel transaction with Baosteel is an example of how leadership in real estate can help China reach its goal of carbon neutrality by 2060. Baosteel will supply 1,171 tonnes of its BeyondECO® low carbon emissions structural steel and 325 tonnes of BeyondECO® low carbon emissions reinforcing bars for the Plaza 66 Pavilion Extension project, which is now underway and due for completion in 2026. The Pavilion Extension of Plaza 66 in Shanghai is the first real estate project to use nearly 100% low carbon emissions steel in its building structure. The low carbon emissions steel, sourced from Baosteel, will achieve a 35% reduction in embodied carbon compared to conventional steel alternatives "The steel procurement in our Plaza 66 Pavilion Extension project is an exciting moment for Hang Lung," said Mr. Adriel Chan, Chair of Hang Lung Properties. "Thanks to our collaboration with Baosteel, a leader in steel decarbonization in China, as well as with other industry partners, we have set a new benchmark for steel emissions reductions in the real estate sector. Hang Lung will continue to implement sustainable practices across our value chain, including the application of low carbon emissions steel on other development projects, such as Westlake 66 in Hangzhou." To meet Hang Lung's stringent low carbon emissions steel tender specifications for the project, the main contractor and Baosteel collaborated closely to provide accurate product-level carbon emissions data with the Company. This collaboration set a new industry standard for transparent, traceable and trusted emissions data. Baosteel calculated the products' carbon footprint through Baosteel intelligent Carbon Data platform using a lifecycle analysis model developed by Shanghai E-Carbon Digital Technology Co., Ltd. ("EC-Digital"). This data was verified by TÜV SÜD, a global third-party certification body. Notes to Editors: 1. Hang Lung’s Leadership in Decarbonization Commitments Hang Lung was the first real estate company in mainland China and Hong Kong to obtain validation from the Science-Based Targets initiative (SBTi) for its net zero targets in accordance with SBTi’s Net Zero Standard in December 2022. Hang Lung was the first real estate company in mainland China and Hong Kong to join Climate Group’s SteelZero initiative in December 2023, according to which the company commits to transitioning to using 50% lower emission steel by 2030 and setting a clear pathway to using 100% net zero steel by 2050. 2. BeyondECO® BeyondECO® is Baosteel’s groundbreaking mass-produced low carbon emissions steel product that reduces emissions through a combination of renewable energy and recycled steel scrap. The exact combination of these contributing factors varies from product to product. For example, the reinforcing bars used in the Plaza 66 Pavilion Extension project achieved carbon emission reduction of more than 50% through a combination of 100% renewable energy and 60% recycled scrap. Explainer: Low carbon emissions steel in Hang Lung’s Plaza 66 Pavilion Extension project Breakdown of steel emissions reductions by type of steel (above ground) * This emissions factor is based on Hang Lung’s specification through its main contractor to Baosteel that "carbon emissions should be less than 1.68 tCO2 eq/t." The final emissions factor calculation will be subject to third-party verification. ** The baseline emissions factors for steel are derived from Baosteel's 2023 field data and have been verified by TÜV SÜD. Hashtag: #HangLungThe issuer is solely responsible for the content of this announcement.About Hang Lung PropertiesHang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the "66" brand, the company's Mainland portfolio has established its leading position as the "Pulse of the City." At Hang Lung Properties – We Do It Well. For more information, please visit www.hanglung.com.
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