SEOUL, May 11 (Korea Bizwire) — South Korean builder SK ecoplant Co. and battery maker SK On Co. said Tuesday they have established the nation’s first energy storage system (ESS) power supply facility at a construction site. The facility is located at an apartment construction site in Anyang, Gyeonggi Province. The two companies plan to [...]
SEOUL, May 10 (Korea Bizwire) — Samsung C&T Corp., a South Korean construction firm, said Tuesday it has forged a comprehensive partnership with NuScale Power, a U.S. nuclear technology company, in a move to tap deeper into the small modular reactor (SMR) business. The construction unit of Samsung Group has injected an additional US$50 million [...]
SEOUL, May 10 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it is investing US$110 million in a U.S. carbon capture and storage (CCS) project as it ramps up its push for its renewable energy business. The project, joined by other American energy firms, aims to [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s state utility Korea Electric Power Corp. (KEPCO) has launched an initiative to create a hydrogen ecosystem, including the commercialization of hydrogen and ammonia power generation, through a collaboration with private companies. KEPCO recently signed a memorandum of understanding with Lotte Chemical Corp. and POSCO Holdings Inc. to expand cooperation [...]
SEOUL, May 4 (Korea Bizwire) — Major Korean refiner GS Caltex Corp. has joined hands with POSCO International Corp., the trading arm of steel giant POSCO, to strengthen its eco-friendly bio business. The two parties recently signed a memorandum of understanding to create a value chain from raw material refining to biochemical product production by [...]
SEOUL, May 3 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. has launched mass production of PO3G, a new eco-friendly polyol material made of corn. The company said Monday that it launched the operation of a PO3G dedicated production facility within the site of its Ulsan plant. PO3G is a new material with [...]
SEOUL, May 2 (Korea Bizwire) — South Korean builder SK ecoplant Co. announced that it had joined hands with state-utility firm Korea East-West Power Co. to explore overseas green hydrogen bases using solar power generation. The two parties recently signed signed a memorandum of understandin to develop solar power projects overseas and use the electricity [...]
SEOUL, April 28 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. said Wednesday it had opened a self-service car wash at a company-owned gas station in Seongbuk district in Seoul in collaboration with car wash reservation platform YPER. The new service uses the automatic washer installed at the gas station. It can be used [...]
SEOUL, April 26 (Korea Bizwire) — South Korean refiners posted the biggest quarterly growth in exports of their petroleum products in the first quarter from a year earlier, driven by robust fuel demand and rising oil prices amid eased COVID-19 border controls, a report showed Tuesday. The combined outbound shipments of petroleum products by SK [...]
SEOUL, April 26 (Korea Bizwire) — South Korea plans to invest 397.5 billion won (US$318 million) in building charging stations for electric and hydrogen-powered vehicles this year in an effort to foster the next-generation car industry, a senior government official said Tuesday. The government also plans to focus on building the infrastructure and developing technology [...]