SEOUL, March 27 (Korea Bizwire) — Hyundai Glovis Co. said Monday it has signed a memorandum of understanding (MOU) with GS Energy Corp. for a collaboration in the production and delivery of ammonia and hydrogen as it accelerates its clean energy drive. Under the MOU, Hyundai Glovis will take charge of the marine transportation of [...]
SEOUL, March 24 (Korea Bizwire) — Hanwha Advanced Materials Inc., a unit under South Korea’s energy-to-defense Hanwha Group, will spend US$147 million to build a facility in the U.S. state of Georgia to supply a key material to Hanwha’s solar panel arm, the Georgia governor’s office has said. The factory will be located in Cartersville, [...]
SEOUL, March 23 (Korea Bizwire) — SK Innovation Co., a major South Korean energy company, said Thursday it has invested an additional US$50 million in Amogy Inc., a U.S. developer of an ammonia-based fuel cell platform, expanding the investment in sustainable fuels. SK Innovation took part in the latest $139 million Series B-1 funding round [...]
SEOUL, March 21 (Korea Bizwire) — POSCO International Corp. said Tuesday it will nurture carbon capture and storage (CCS) as one of its future growth drivers as the trading company accelerates its expansion into green energy. POSCO International said it established in February a new team within its energy division to spearhead the CCS business. [...]
SEOUL, March 14 (Korea Bizwire) — Hanwha Solutions Corp. said Tuesday it has appointed an executive of GE Renewable Energy as its new chief technology officer (CTO) in a move to accelerate research and development in next-generation solar, wind and other renewable energy. Danielle Merfeld, vice president and chief technology officer at GE Renewable Energy, [...]
SEOUL, March 9 (Korea Bizwire) — South Korean solar cell maker Hanwha Q Cells said Wednesday it has launched a service to predict the power output of renewable energy, making full strides into the distributed energy market. The renewable energy power output prediction system was introduced to ensure accurate predictions of highly volatile renewable energy [...]
SEOUL, March 7 (Korea Bizwire) — SK Inc. Materials Co., an advanced materials unit under South Korea’s SK Group, said Tuesday it is acquiring a U.S. company specializing in carbon capture, utilization and storage (CCUS), as it bolsters investment in clean energy. The board of SK Inc. approved the plan Monday to invest an additional [...]
SEOUL, March 3 (Korea Bizwire) — South Korea will extend support for smaller hydrogen-specialized companies with a goal to raise the number of such firms to 600 by 2030 from the current 60 in line with growing demand for clean energy, the industry ministry said Friday. The government will revise a law by July to [...]
SEOUL, Feb. 23 (Korea Bizwire) — SK Materials Co., a semiconductor and display material unit under SK Group, has teamed up with U.S. oil major Exxon Mobil Corp. to step into the blue ammonia market. The two parties announced on Wednesday that they had signed an agreement to mass-produce and import blue ammonia using next-generation [...]
SEOUL, Feb. 23 (Korea Bizwire) — Incheon International Airport will take a leap forward to become an eco-friendly airport through the construction of a large liquefied hydrogen charging station. SK Plug Hyverse on Wednesday signed a business agreement for the establishment of eco-friendly airport infrastructure with the Ministry of Land, Infrastructure and Transport, the Incheon [...]