HYUNDAI-POSCO Louisiana LLC (HPLS), legally known as HYUNDAI STEEL LOUISIANA LLC, is a U.S.-based joint venture primarily owned by Hyundai Steel (50%), with stakes from POSCO (20%), Hyundai Motor America (15%), and Kia America (15%).
The company is developing a $5.8 billion electric arc furnace (EAF) integrated steel mill in Donaldsonville, Ascension Parish, Louisiana, marking Hyundai Steel's first manufacturing facility in North America. The plant, located in the RiverPlex MegaPark along the Mississippi River, will produce up to 2.7 million metric tons annually of high-quality automotive steel sheets, including hot-rolled and cold-rolled products, primarily to supply Hyundai and Kia assembly plants in Alabama and Georgia.
Featuring ultra-low carbon emissions—about 70% lower than traditional blast furnaces—the facility emphasizes sustainable production. Construction is set to begin in early 2026, with operations expected around 2028-2029, creating over 1,300 direct jobs and thousands more indirectly. Air Liquide has secured a long-term contract for industrial gases to support the low-carbon operations.
Also known as HYUNDAI-POSCO Louisiana Steel LLC.
chemXplore tracks 1 project involving HPLS, of which one is active.
HPLS's role on them: Offtaker.
1 expansion.
Licensors and offtakers are recorded on this project For subscribers
Targeting: Argon (1), Nitrogen (1), Oxygen (1)
Second-quarter comparable growth accelerated; operating margin, recurring profit and cash flow improved while record investments and the DIG Airgas deal closed.
Q1 sales €6.8B (+3.4% ex-currency/energy). Gas & Services +2%; Healthcare +4%. Efficiencies €142M; operating cash flow +7%. Investments €1.5B, backlog €5.5B; DIG Airgas closed; +100bps margin target 2026.
Adding an ASU at a methanol site and extending pipeline along the Mississippi to boost methanol output, enable scalable, reliable gas supply for industrial decarbonization, with service from 2028.
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