SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has built an 18-megawatt wind farm in the southern tip of the country. The six 3-megawatt wind turbines built in Jangheung, about 400 kilometers south of Seoul, could generate enough electricity to power [...]
SEOUL, Nov. 1 (Korea Bizwire) – POSCO International Corp., the trading unit of South Korean steel giant POSCO, said Monday it signed an agreement with Malaysia’s state-owned oil and gas company to explore and operate a gas field in the Southeast Asian country. In August, POSCO International won an international bidding to explore and operate [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korean football club Jeju United and fans made football uniforms by recycling plastic, opening up a new era of eco-friendly practices in football. Last Sunday, members of the football club appeared in a blue uniform, instead of the official orange, at a match against Jeonbuk Hyundai Motors at [...]
BUSAN, Oct. 28 (Korea Bizwire) — A cryogenic logistics center using liquid natural gas (LNG) cold heat will be set up in the southern port city of Busan. EMP Belstar, a U.S.-based cold chain logistics centers operator, on Wednesday signed a business agreement with the Busan metropolitan government and the Busan-Jinhae Free Economic Zone Authority [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korean oil refiners posted the first on-year, third-quarter increase in exports in about 18 months, data showed Tuesday, on the back of reviving global demand amid an easing of COVID-19 pandemic curbs. The combined shipments of oil and petroleum products by SK Energy Co., GS Caltex Co. S-Oil [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday it has signed a maintenance service deal for a reactor at the Barakah nuclear power plant in the United Arab Emirates (UAE). Under the deal with Nawah Energy Co., the operator of the nuclear power plant, [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Tuesday it has signed a deal with Air Products on establishing a global hydrogen supply chain. Under the contract, Hyundai Glovis will cooperate with the world’s top hydrogen maker on building up a domestic supply chain for liquid [...]
SEOUL, Oct. 18 (Korea Bizwire) — POSCO International Corp. on Monday said it is in talks to take over Australian coal seam gas producer Senex Energy Ltd. Earlier in the day, Reuters reported the Australia company received a US$605 million takeover proposal from the South Korean company, the trading arm of the country’s top steelmaker, [...]
SEOUL, Oct. 18 (Korea Bizwire) — SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won (US$421 million) in its U.S. affiliate, SK E&S Americas, to buy a stake in a U.S. renewable energy firm. In a regulatory filing, SK E&S said it will buy 505 [...]
SEOUL, Oct. 18 (Korea Bizwire) — The presidential committee on carbon neutrality on Monday unveiled two upgraded policy road maps, including scrapping coal-fired power generation, to achieve South Korea’s net-zero emissions goal by 2050. Presided over by President Moon Jae-in, the committee held its second general meeting in Seoul to review and approve agendas for [...]