Posco to invest in energy saving
In a world where nearly everything is still very much on the usage of petroleum and investments in renewable energy and energy saving technology is also still very much underdeveloped (generally speaking), it is worthwhile mentioning that Posco, the leading Korean steelmaker intends to spend US$662 million by 2008 to develop facilities and products that will save energy and cut costs for the company and its customers as fuel prices soar.
These type of investments however become more frequent, generally, when energy prices soar, something that is currently happening with the high oil prices.
This investment might also assist Posco in its future exports to the European Community that plans to implement tough environmental requirements for imported products.
In a world where nearly everything is still very much on the usage of petroleum and investments in renewable energy and energy saving technology is also still very much underdeveloped (generally speaking), it is worthwhile mentioning that Posco, the leading Korean steelmaker intends to spend US$662 million by 2008 to develop facilities and products that will save energy and cut costs for the company and its customers as fuel prices soar.
These type of investments however become more frequent, generally, when energy prices soar, something that is currently happening with the high oil prices.
This investment might also assist Posco in its future exports to the European Community that plans to implement tough environmental requirements for imported products.
posted by Andreas @ 7:27 pm
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