POSCO Future M Co., Ltd. (Korean: 주식회사 포스코퓨처엠), is a South Korean battery material & chemical company that produces materials for lithium-ion batteries[10](as known as Cathode, anodes), refractories and basic industrial materials.

They changed the company name from POSCO Chemical to POSCO FUTURE M in March 2023.

Businesses

Battery materials

POSCO Future M produces cathode active materials and anodes for EV batteries.[11] It is showing rapid growth by receiving a total of approximately 100 trillion won in cathode material orders from major domestic battery companies (lg energy solutions,Samsung SDI, etc.) in 2023. As of 2023, it has a production capacity of 155,000 tons. The company has set a goal of producing 1 million tons of cathode materials by 2030 and is aggressively expanding its plants. They also plan to increase production of precursors and cathode materials from 45,000 tons and 82,000 tons, respectively, in 2023 to 460,000 tons and 370,000 tons in 2030.[12]

Industrial and chemical materials

POSCO Future M produces and supplies refractories and quicklime, which are basic industrial materials. In addition to this, they also produce advanced chemical materials such as carbon materials and hydrogen peroxide. Recently, they appears that 100% recycling of waste refractories has been successful.[13]

ESG

Various policies are being implemented under POSCO Group's ESG management philosophy of 'Corporate Citizens Growing Together'.[14] For example, the company publishes 'corporate citizenship report' every year to inform its ESG activities.[15] In addition, by publishing a 'responsible minerals report', they are making it known that they are manufacturing products by procuring minerals that do not involve labor exploitation or funds flowing into illegal organizations. Recently, the company was recognized for its ESG performance by being included in the DJSI Asia Pacific Index.[16]

See also

References

  1. ^ Former Name
  2. ^ Former Name
  3. ^ Location
  4. ^ Major Sites
  5. ^ CEO's Greeting
  6. ^ Financials
  7. ^ Financials
  8. ^ Financials
  9. ^ Financials
  10. ^ Seung-yeon, Kim (2022-03-25). "POSCO Chemical expects to secure full in-house lithium supply in 2024". Yonhap News Agency. Retrieved 2024-01-30.
  11. ^ "[WHY] Posco hopes holding company will help it go green". Korea JoongAng Daily. 2022-01-23. Retrieved 2024-01-30.
  12. ^ "POSCO Future M aims to up cathode materials capacity to 1mn tons by 2030 - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2024-01-30.
  13. ^ 박, 정한 (2023-10-19). "포스코퓨처엠, 폐내화물 100% 재활용 성공...연간 탄소배출 3만톤 감축". Pressian (in Korean). Retrieved 2024-01-30.
  14. ^ [PR Movie] Corporate Citizenship: Building a Better Future Together with POSCO (Eng, 2021), retrieved 2024-01-30
  15. ^ MarketScreener (2022-07-20). "Posco Chemical : Details of Sustainability Report, etc. (Voluntary Disclosure) -July 20, 2022 at 03:14 am EDT | MarketScreener". www.marketscreener.com. Retrieved 2024-01-30.
  16. ^ Joon-hyun, Moon (2023-12-12). "Posco Future M joins top ESG performers in Asia Pacific". The Korea Herald. Retrieved 2024-01-30.

External links