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 [...]
SEOUL, May 8 (Korea Bizwire) — SK Innovation Co., the energy unit of South Korea’s SK Group, said Monday it has jointly invested with another SK affiliate in a South Korean developer of gas separation membranes to advance the technology for use in carbon capture. The investment in Airrane, a Cheongju-based company, commits SK Innovation [...]
SEOUL, May 3 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it will supply electricity generated from renewable energy to German chemical giant BASF S.E. The two parties signed a power purchase agreement (PPA) in Seoul on April 18. As per the terms of the agreement, [...]
SEOUL, May 2 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, said Tuesday it is spending 1 trillion won (US$747 million) with Plug Power, a U.S. hydrogen company, to build a large production facility for hydrogen-powered equipment in South Korea. Through the joint venture, SK Plug Hyverse, [...]
SEOUL, April 26 (Korea Bizwire) — Two affiliates of South Korea’s SK Group have signed a partnership agreement with a U.S. nuclear company, backed by Microsoft Corp. founder Bill Gates, to collaborate on the commercialization of an advanced reactor, an SK unit said Wednesday. SK Inc., SK Innovation Co. and the state-run Korea Hydro & [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has announced plans to produce clean hydrogen using biogas from sewage waste. The company announced on Tuesday that it had signed a business agreement with the city government of Cheongju in North Chungcheong Province and the Institute for Advanced Engineering. The agreement [...]
INCHEON, April 19 (Korea Bizwire) —With the Korean government’s hydrogen bus supply support project on track, more citizens will soon have the opportunity to ride buses fueled by clean hydrogen energy on a regular basis. On Tuesday, the Ministry of Trade, Industry and Energy (MOTIE) held a ceremony at the Incheon Singheung Bus Garage site [...]
SEOUL, April 7 (Korea Bizwire) — U.S. Vice President Kamala Harris has visited a solar panel factory in Georgia run by South Korea’s Hanwha Solutions Corp., announcing what the Joe Biden administration says will be the largest community solar energy project in the history of the United States. Harris toured the operating solar panel module [...]