SEOUL, Sept. 10 (Korea Bizwire) — Hanwha Q Cells, a solar solutions unit of South Korean conglomerate Hanwha Group, said Friday it will build a 50-megawatt solar power plant in Spain by late 2022. Hanwha Q Cells has broke ground for the solar farm, which can generate electricity for about 70,000 households a year, in [...]
SEOUL, Sept. 9 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, said Thursday it will expand use of recycled plastics to meet its environment goals. LG aims to use a total of 600,000 tons of recycled plastics by 2030, with its initial goal targeting 200,000 tons by 2025. Last [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to spend 95 billion won (US$81.5 million) to develop new solutions to cut the emission of carbon at local factories, in line with the country’s vision to go carbon neutral by 2050. The budget will be allocated to research projects for [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s conglomerate Doosan Group said Wednesday it will boost its presence in the hydrogen market by further nurturing its related affiliates. Doosan’s three affiliates — Doosan Corp., Doosan Heavy Industries & Construction Co. and Doosan Fuel Cell Co. — have been involved in the sector. Hydrogen is an [...]
SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean companies are betting big on hydrogen across sectors as they strive to shift from carbon-intensive businesses to a more sustainable model and capture new opportunities in the emerging energy sector. Hydrogen can offer solutions in fields ranging from transport to energy storage as an alternative to [...]
SEOUL, Sept. 8 (Korea Bizwire) — The heads of South Korea’s major conglomerates on Wednesday launched a business council to foster hydrogen as a clean energy source and expand its value chain. A total of 15 conglomerates, including Hyundai Motor, SK, POSCO, Lotte and Hanwha, launched Korea H2 Business Summit to encourage corporate investments and [...]
SEOUL, Sept. 8 (Korea Bizwire) — A new industry-academia research collaboration has been formed to develop the required technology to produce green hydrogen using seawater. The Korea Institute of Materials Science signed a business agreement with global shipbuilder Hyundai Heavy Industries Co. and Pusan National University to jointly develop a green hydrogen production system and [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea will host a hydrogen mobility show this week to showcase the latest technologies in fuel cell electric vehicles (FCEVs) and trams, and discuss major trends in the hydrogen economy, its organizer said Sunday. H2 Mobility+Energy Show will take place at an exhibition center in Goyang, just north [...]
SEOUL, Aug. 30 (Korea Bizwire) — POSCO Energy, a wholly owned energy unit of South Korean steelmaker POSCO, is gearing up to develop a low-carbon power generation technology that makes use of waste heat, in collaboration with a local company. The company recently announced that it had established a business tie-up with heat exchanger manufacturer [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korean chemicals maker SKC Inc. said Thursday that it was developing a new pyrolysis oil venture that will extract oil from waste plastics. After entering into an agreement with the Ulsan city government in December 2020, the company strived to commercialize the business and formed a partnership with [...]