SEOUL, Aug. 24 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway’s state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan. The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development [...]
SEOUL, Aug. 17 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, signed a preliminary agreement with a local utility company Thursday for a partnership on the production and utilization of green hydrogen. Under the memorandum of understanding with the Korea Southern Power Co. (KOSPO), they will work [...]
SEOUL, Aug. 17 (Korea Bizwire) — Samsung C&T Corp., a construction and trading business unit of Samsung Group, said Wednesday that its U.S.-based renewable energy subsidiary had sold a 150-megawatt (MW) solar power project in Illinois to a local company. The company has also entered into a contract to provide development services for the remaining [...]
SEOUL, Aug. 11 (Korea Bizwire) — More energy companies, including South Korea’s Hanwha Corp. and the Netherlands-based Shell Gas & Power Developments B.V., have joined the consortium for a major carbon capture and storage (CCS) project in Malaysia, SK Innovation Co. said Friday. The state-run Korea National Oil Corp. and Air Liquide Korea, an affiliate [...]
SEOUL, July 2 (Korea Bizwire) — POSCO International Corp. said Sunday it aims to go completely carbon neutral by 2050 to tackle the global climate crisis and become an environmentally sustainable business. As a first step toward the goal, the company said it will reduce carbon emissions by 37 percent by 2030. POSCO International, a [...]
SEOUL, June 29 (Korea Bizwire) — GS Caltex Corp. and Korean Air Co. joined hands to carry out test flights using bio jet fuel, the companies said Thursday, in the latest step in the green energy transition toward a reduced carbon footprint. The two companies signed the memorandum of understanding, under which the oil refiner [...]
SEOUL, June 27 (Korea Bizwire) — South Korea won a 260 billion-won (US$225 million) deal Tuesday to build a tritium removal facility at a Romanian nuclear power plant that will help ensure its safe operation and boost South Korea’s nuclear power industry, the industry ministry said. Under the deal with Romania’s nuclear energy company SNN, [...]
SEOUL, June 27 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an agreement with a Danish investment company to work together on the development of offshore wind power and cooperate in other green businesses. The memorandum of agreement was signed with Copenhagen Infrastructure Partners (CIP) on Monday, under which they will work [...]
SEOUL, June 26 (Korea Bizwire) — Danish wind turbine producer Vestas Wind Systems will move its Asia-Pacific headquarters to Seoul in September and build a new facility to produce key equipment for wind turbines here, Seoul’s industry ministry said Monday. Vestas’ President and CEO Henrik Andersen announced the decision during a meeting with South Korea’s [...]
SEOUL, June 22 (Korea Bizwire) — An international consortium led by South Korea’s top steel maker POSCO Holdings Inc. has won a project to develop and build a large-scale green hydrogen plant in Oman, POSCO Holdings said Thursday. The deal, signed between the consortium and Hydrogen Oman in the Omani capital of Muscat a day [...]