SeAH Steel Wins Contract to Supply Pipes for UK Government-Led CCUS Project

Photo of large-diameter stainless steel welded pipes for CCUS produced at SeAH Steel's Suncheon plant. [Photo=SeAH Steel]

SeAH Steel has secured a contract to supply high-value steel pipes for a carbon capture, utilization, and storage (CCUS) project led by the UK government, marking a significant step in its efforts to penetrate the eco-friendly decarbonization energy infrastructure market.

On June 11, SeAH Steel announced that it has been awarded the contract for the Teesside CCUS project, which aims to capture carbon dioxide emitted from power plants and permanently store it deep underwater, contributing to regional decarbonization efforts. The company's steel pipes will play a crucial role in the process of refining and transporting captured carbon dioxide in both gas and liquid forms within low-carbon gas combined cycle power plants and deep-sea storage facilities.

SeAH Steel's CCUS pipes meet stringent requirements for maintaining consistent properties under varying temperature and pressure conditions. They are designed to withstand extreme cold at minus 196 degrees Celsius and high-pressure environments found underwater, featuring both low-temperature impact toughness and corrosion resistance. Notably, the company produces large-diameter pipes ranging from 50 to 66 inches in lengths of 12 meters, which is double the length of standard products, minimizing welds and enhancing process stability and quality.

The UK government is investing approximately 31 trillion won to establish large-scale carbon capture clusters as part of its commitment to achieving carbon neutrality. SeAH Steel aims to strengthen its position across the global energy transition value chain by securing additional contracts and long-term supply opportunities in line with the expanding global carbon capture market.

A representative from SeAH Steel stated, "The adoption of our CCUS pipes in the UK, a leading nation in global decarbonization, is a significant achievement. We will continue to pursue sustainable growth in the energy transition infrastructure market based on our overwhelming quality competitiveness in eco-friendly energy-oriented steel products and synergistic collaboration with our global subsidiaries."

Additionally, SeAH Steel Holdings has announced plans to continuously expand product sales by responding to new demands in oil and gas, liquefied natural gas (LNG) projects in the Middle East, and offshore wind projects in the Americas. The company also anticipates a recovery in profitability due to sustained demand for inventory in the North American energy market.

* This article has been translated by AI.