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Hyundai Electric Joins Forces with Hyundai Motor for Hydrogen Fuel Cell Biz

Hyundai Electric Joins Forces with Hyundai Motor for Hydrogen Fuel Cell Biz

SEOUL, July 29 (Korea Bizwire) — Hyundai Electric & Energy Systems Co. (HE) said Thursday that it has signed a preliminary deal with Hyundai Motor Co. to develop hydrogen fuel cell packages for electricity generation. The hydrogen fuel cell packages will be developed based on Hyundai Motor’s fuel cell for electric vehicles, HE said in [...]

Lotte Chemical to Invest 4.4 tln Won in Hydrogen Business by 2030

Lotte Chemical to Invest 4.4 tln Won in Hydrogen Business by 2030

SEOUL, July 13 (Korea Bizwire) — Lotte Chemical Co., a major South Korean petrochemical company, said Tuesday it will invest 4.4 trillion won (US$3.8 billion) in the hydrogen business by 2030 to cut its carbon emissions and foster the new growth driver. The petrochemical unit of Lotte Group said it aims to generate 3 trillion [...]

Hyundai, Kia Team Up with Canadian Firm to Develop High-efficiency Water Electrolysis System

Hyundai, Kia Team Up with Canadian Firm to Develop High-efficiency Water Electrolysis System

SEOUL, July 12 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. signed a memorandum of understanding (MOU) with Canadian electrolysers manufacturer Next Hydrogen Solutions Inc. for the joint development and commercialization of a water electrolysis system for the production of green hydrogen. Under terms of the MOU, the companies will focus on enhancing the performance [...]

Hyundai Motor to Commercialize Hydrogen Fuel Cell System for Ships

Hyundai Motor to Commercialize Hydrogen Fuel Cell System for Ships

SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Co. is taking steps to commercialize a hydrogen fuel cell system for ship use. The carmaker on Thursday signed a memorandum of understanding (MOU) with Hyundai Global Service, Hyundai Heavy Industries Holdings Co.’s ship repairing unit, and the Korean Register of Shipping (KR), a ship quality assurance [...]

S. Korea Seeks to Supercharge Electric Future with Next-level Batteries

S. Korea Seeks to Supercharge Electric Future with Next-level Batteries

SEOUL, July 8 (Korea Bizwire) — To get faster to an electric future, automakers need lighter, faster-charging batteries, and South Korea wants to take a leading role in the global battery race amid a major technological shift in the automotive industry. South Korea, China and Japan produce most of the world’s EV batteries, but auto [...]

Majority of Consumers Unaware Wet Tissues Made of Plastic

Majority of Consumers Unaware Wet Tissues Made of Plastic

SEOUL, July 7 (Korea Bizwire) — A recent study revealed that a majority of consumers who use disposable wet tissues for cleaning and sanitization purposes are not aware that wet tissues are made of plastic. Consumers Korea, a consumer advocacy group here, conducted a survey of 636 consumers over 20 years of age to determine [...]

Hyosung, Linde Break Ground on Liquid Hydrogen Production Facility

Hyosung, Linde Break Ground on Liquid Hydrogen Production Facility

SEOUL, June 21 (Korea Bizwire) — A joint venture between South Korean machinery firm Hyosung Heavy Industries Co. and German chemical company Linde Group broke ground on a liquid hydrogen manufacturing facility on South Korea’s southeastern coast, Hyosung said Monday. Linde Hydrogen began the construction of the world’s single largest liquid hydrogen plant in Ulsan, [...]