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POSCO and Electra Team Up, Invest in Clean Iron Production
04/30/2026 - Clean iron technology company Electra announced it has signed a joint development agreement (JDA) to scale clean iron production technologies with POSCO, who will also make an investment.
“We’re building for the long term, and this partnership helps us scale thoughtfully as we bring clean iron to more customers,” said Sandeep Nijhawan, cofounder and chief executive officer of Electra.
Electra said it provides electric arc furnace (EAF) feedstock that is 99% pure iron for steel production. The companies intend to test how POSCO’s decarbonization technology can be integrated with Electra’s clean iron system on a commercial scale.
“This partnership through the JDA aims to create strategic synergy between Electra’s innovative electrochemical process and POSCO’s proprietary direct reduction ironmaking and engineering technologies,” said Kyungkeun Um, head of technical research laboratories at POSCO.
Electra said it provides electric arc furnace (EAF) feedstock that is 99% pure iron for steel production. The companies intend to test how POSCO’s decarbonization technology can be integrated with Electra’s clean iron system on a commercial scale.
“This partnership through the JDA aims to create strategic synergy between Electra’s innovative electrochemical process and POSCO’s proprietary direct reduction ironmaking and engineering technologies,” said Kyungkeun Um, head of technical research laboratories at POSCO.
