SEOUL, Dec. 8 (Korea Bizwire) — SK Gas Co., a key energy unit of South Korea’s No. 3 conglomerate SK Group, said Wednesday it has invested in a U.S. startup that has the original decarbonizing technology to produce clean hydrogen, as part of efforts to advance its transition to clean energy. SK Gas did not [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea plans to step up the production of clean hydrogen and expand its production and consumption infrastructures to make it the country’s No. 1 energy source by 2050, the industry ministry said Friday. The plans are part of the government’s comprehensive blueprint on the hydrogen economy, as the [...]
SEOUL, Nov. 24 (Korea Bizwire) — Global shipbuilding conglomerate Hyundai Heavy Industries Group said Wednesday it will establish the world’s first technical guidance for offshore green hydrogen plants. To that end, the group’s affiliates — Korea Shipbuilding & Offshore Engineering Co. (KSOE) and its subsidiary Hyundai Heavy Industries Co. — have signed a preliminary deal [...]
SEOUL, Nov. 24 (Korea Bizwire) — Hanwha Solutions Corp., a chemical and energy unit of South Korean conglomerate Hanwha Group, said Wednesday it is investing US$100 million in a U.S. data center- tech company as it seeks to expand its sustainable power grid business in America. The investment will give Hanwha Solutions a stake and [...]
SEOUL, Nov. 19 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean oil refiner, said Thursday that it will begin producing eco-friendly naptha from pyrolysis oil made by melting plastic waste. The company plans to conduct an empirical study by injecting 100 tons of pyrolysis oil into the refining process and will gradually expand [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hanwha Solutions Corp., a chemical and energy unit of South Korean conglomerate Hanwha Group, said Thursday it is acquiring a major stake in a Norwegian polysilicon producer in an effort to secure a stable supply of solar cell materials. Hanwha Solutions will acquire a 16.67 percent stake in REC [...]
SEOUL, Nov. 18 (Korea Bizwire) — A liquefied natural gas (LNG) terminal in Kuwait, a project spearheaded by South Korean firms, has been completed after five and a half years. Kuwait’s Al-Zour LNG Import Terminal, which started testing in July, has recently completed trials of the regasification facilities and the storage tanks and began commercial [...]
SEOUL, Nov. 17 (Korea Bizwire) — GS Energy Corp., an energy unit of South Korean conglomerate GS Group, has secured a deal to annually bring in about 200,000 tons of blue ammonia from the United Arab Emirates (UAE) from 2025, according to the company. GS Energy announced Tuesday it has joined a project led by [...]
SEOUL, Nov. 16 (Korea Bizwire) — The government has launched a drive to demonstrate wave power generation using the force of waves hitting a seawall. The Ministry of Oceans and Fisheries on Tuesday held the completion ceremony for a 30-kilowatt-class demo plant designed to generate electricity using the force of waves hitting a seawall in [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hanwha Q Cells, the solar solutions unit of South Korean conglomerate Hanwha Group, said Thursday it is developing an energy storage system (ESS) facility in the U.S. state of Texas, expanding its foothold in the American renewable energy market. The Sputnik ESS facility, to be located in Hunt county, [...]