SEOUL, Oct. 18 (Korea Bizwire) — Gas prices in South Korea have continued to rise as oil prices hit a seven-year high amid the global economic recovery, data showed Monday. The average gasoline price nationwide stood at 1,724.7 won (US$1.45) per liter Monday, marking the highest since December 2014, according to the data compiled by [...]
SEOUL, Oct. 15 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. have teamed up with fuel cell maker Doosan Fuel Cell Co. to establish a hydrogen fuel cell power system as well as to launch a full-scale demonstration project. Companies on Thursday held a completion ceremony for the hydrogen fuel cell distributed power [...]
SEOUL, Oct. 13 (Korea Bizwire) — SK Inc., the holding company of South Korean conglomerate SK Group, said Wednesday it has signed an initial deal with a U.S. hydrogen maker to set up a joint venture as part of efforts to bolster its clean energy business. The memorandum of understanding (MOU), signed with Monolith Materials [...]
SEOUL, Oct. 13 (Korea Bizwire) — S-Oil Corp., South Korea’s No. 3 refiner, said Tuesday that it will take part in a large-scale clean hydrogen project to establish a domestic hydrogen ecosystem. In collaboration with Saudi Aramco, the company will supply blue ammonia produced in Saudi Arabia to the domestic market. Saudi Aramco, the world’s [...]
SEOUL, Oct. 6 (Korea Bizwire) — SK E&S Co., the energy unit of South Korean conglomerate SK Group, said Wednesday it will team up with U.S. fuel cell maker Plug Power Inc. to make a foray into the Asian hydrogen market. The two companies struck a deal to establish a 51:49 joint venture company, nine [...]
SEOUL, Oct. 5 (Korea Bizwire) — Businesses are speeding up competition in the hydrogen industry as they set up new corporations or engage foreign businesses. Doosan Group recently established Doosan H2 Innovation, a new corporation that will be in charge of developing solid oxide fuel cells (SOFC). The group also plans to reorganize the R&D [...]
SEOUL, Sept. 30 (Korea Bizwire) — Hanwha Q Cells, a solar solutions unit of South Korean conglomerate Hanwha Group, said Thursday it has completed the construction of a 168-megawatt solar power plant in the United States. Hanwha Q Cells said its U.S. unit has recently begun operation of the solar farm in Fannin County, Texas, [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s fuel cell maker Doosan Fuel Cell Co. said Monday it has exported its hydrogen fuel cells to China for the first time as a local fuel cell maker. Under the deal with ZKRG Smart Energy Technology Co., Doosan Fuel Cell will install four 440 kilowatt hydrogen fuel [...]
SEOUL, Sept. 15 (Korea Bizwire) — The state-run Korea Gas Corp. (KOGAS) has teamed up with Germany’s Siemens Energy AG to promote overseas green hydrogen development projects. The two parties on Tuesday signed a business agreement for the promotion of stable hydrogen business, including green hydrogen production and hydrogen power generation. Under terms of the [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, is making forays into the energy solution market for storage and resale of excess electricity. The company announced on Thursday that it had secured management rights for Key Capture Energy LLC (KCE), a U.S.-based grid solution provider, by acquiring a [...]