SEOUL, Aug. 26 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. said Thursday it will produce separators for fuel cells and develop other essential parts to diversify its hydrogen business portfolio. The refinery unit of shipbuilding giant Hyundai Heavy Industries Holdings said it will establish the fuel cell separator facility in Seosan, about 120 [...]
SEOUL, Aug. 25 (Korea Bizwire) — The government plans to increase the distribution of electric and hydrogen-powered taxis to 100,000 units by 2025. To this end, it intends to establish a collaborative venture with municipal governments and related industries. The Ministry of Environment on Tuesday formed a business agreement with the Seoul Metropolitan Government, the [...]
SEOUL, Aug. 19 (Korea Bizwire) — SK Energy Co., South Korea’s leading refiner under SK Innovation Co., said Wednesday that it had introduced smart technology to replace the inspection of subsea pipelines, which has been conducted manually in the past. The second pipeline buoy of the company’s plant in Ulsan, an industrial city about 414 [...]
SEOUL, Aug. 18 (Korea Bizwire) — SK Energy Co., a major oil refinery and gas station operator, will become the first South Korean company to release carbon neutral oil product to achieve SK Group’s ‘Net Zero’ initiative, a part of the group’s environment, social and governance (ESG) management plan. Carbon neutral oil product is produced [...]
SEOUL, Aug. 5 (Korea Bizwire) — The presidential committee on carbon neutrality announced Thursday three policy road maps to achieve the goal of eliminating South Korea’s greenhouse gas emissions by 2050, subject for deliberation by experts and stakeholders until later this year. President Moon Jae-in announced in October that the country will seek to go [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. has announced the development of an 8-megawatt (MW) floating offshore wind turbine. The company said Monday that it was selected as the main contractor for the second stage of the 8-MW floating offshore wind turbine development project by [...]
SEOUL, July 30 (Korea Bizwire) — LG Electronics Inc. has teamed up with the state-run utility Korea Electric Power Corp. (KEPCO) to develop an energy-saving service for households. The two parties signed a memorandum of understanding (MOU) on Thursday to develop an “electricity data and artificial intelligence (AI)-based customer experience-type home energy service.” The South [...]
SEOUL, July 29 (Korea Bizwire) — Hyundai Electric & Energy Systems Co. (HE) said Thursday that it has signed a preliminary deal with Hyundai Motor Co. to develop hydrogen fuel cell packages for electricity generation. The hydrogen fuel cell packages will be developed based on Hyundai Motor’s fuel cell for electric vehicles, HE said in [...]
SEOUL, July 13 (Korea Bizwire) — Lotte Chemical Co., a major South Korean petrochemical company, said Tuesday it will invest 4.4 trillion won (US$3.8 billion) in the hydrogen business by 2030 to cut its carbon emissions and foster the new growth driver. The petrochemical unit of Lotte Group said it aims to generate 3 trillion [...]
SEOUL, July 12 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. signed a memorandum of understanding (MOU) with Canadian electrolysers manufacturer Next Hydrogen Solutions Inc. for the joint development and commercialization of a water electrolysis system for the production of green hydrogen. Under terms of the MOU, the companies will focus on enhancing the performance [...]