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SK Innovation Halts Flagship Green Gas Station Project Amid Strategic Overhaul

SK Innovation Halts Flagship Green Gas Station Project Amid Strategic Overhaul

SEOUL, July 14 (Korea Bizwire) — SK Innovation has scrapped its ambitious plan to transform traditional gas stations into eco-friendly energy hubs, signaling a broader shift in the SK Group’s strategic priorities. According to industry sources on July 13, SK Energy, a subsidiary of SK Innovation, officially notified the Korea Industrial Complex Corporation of its [...]

South Korea Eyes Bold RE100 Legislation to Attract Global Data Center Investment to Jeonnam

South Korea Eyes Bold RE100 Legislation to Attract Global Data Center Investment to Jeonnam

MUAN, South Korea, July 14 (Korea Bizwire) — South Korea is pushing forward with legislation that would offer sweeping incentives — including deep electricity discounts and tax breaks — for companies operating in designated RE100 industrial zones powered entirely by renewable energy. The move is expected to significantly bolster efforts to attract major data center investments [...]

SK Ecoplant Sells Part Of Stake In U.S. Fuel Cell Company

SK Ecoplant Sells Part Of Stake In U.S. Fuel Cell Company

SEOUL, July 11 (Korea Bizwire) — SK ecoplant Co., the construction arm of South Korea’s SK Group, has sold part of its stake in U.S.-based fuel cell company Bloom Energy Corp., sources said Friday. SK ecoplant offloaded 10 million common shares in Bloom Energy through an over-the-counter block trade at US$27.60 per share on Thursday, [...]

S. Korea Approves Decommissioning Of 1st Commercial Nuclear Reactor, Kori-1

S. Korea Approves Decommissioning Of 1st Commercial Nuclear Reactor, Kori-1

SEOUL, June 26 (Korea Bizwire) — South Korea has approved the decommissioning of the country’s first commercial nuclear reactor, the now-defunct Kori-1 unit, the Nuclear Safety and Security Commission (NSSC) said Thursday, also marking its first-ever decommissioning of a reactor. Unit 1 of the Kori nuclear power plant, located in the southeastern city of Busan, [...]

South Korea to Build Two Hydrogen Clusters on East Coast by 2028

South Korea to Build Two Hydrogen Clusters on East Coast by 2028

SEOUL, June 26 (Korea Bizwire) — South Korea is pushing to build two hydrogen clusters in east coast provinces as part of efforts to foster the growth of hydrogen-related businesses, including hydrogen batteries, the industry ministry said Thursday. The country will start constructing a special industrial complex for hydrogen storage and transportation across the eastern [...]

South Korea Pioneers World’s First Onshore Reuse of LNG Boil-Off Gas During Shipbuilding

South Korea Pioneers World’s First Onshore Reuse of LNG Boil-Off Gas During Shipbuilding

SEOUL,  June 26 (Korea Bizwire) — In a global first, South Korea’s Korean Register (KR) and HD Hyundai have successfully demonstrated a technology that captures and recycles boil-off gas from LNG-fueled ships under construction, repurposing it as city gas for onshore use. The trial was conducted at HD Hyundai Heavy Industries’ Ulsan shipyard on a [...]

S. Korea Launches Integrated Info System for Power Generation

S. Korea Launches Integrated Info System for Power Generation

SEOUL, June 25 (Korea Bizwire) — South Korea has launched an integrated system that provides real-time information on power generation and consumption, enabling swift adjustments to how much power should be generated, as well as where the power would come from, the industry ministry said Wednesday. Information on power grids, which had been dispersed across [...]

At a Seoul Baseball Stadium, Aramco Bats for ESG—and Korean Partnership

At a Seoul Baseball Stadium, Aramco Bats for ESG—and Korean Partnership

SEOUL, June 24 (Korea Bizwire) — In a striking display of corporate soft power, Saudi Aramco, the world’s largest oil producer, is leading a campaign to reduce plastic waste at baseball stadiums in Seoul—an unlikely green initiative from a company synonymous with hydrocarbons. Aramco Korea announced Tuesday that it will expand its reusable container program to [...]

GS Caltex Mulls Palm Oil Waste Recycling Business in Indonesia

GS Caltex Mulls Palm Oil Waste Recycling Business in Indonesia

SEOUL, June 24 (Korea Bizwire) — GS Caltex Corp., South Korea’s second-largest refiner by sales, said Tuesday it is considering producing biofuel by recycling waste from palm oil mills in Indonesia. The initiative, which also aims to cut greenhouse gas emissions, involves using palm oil mill effluent (POME) to produce bio-based raw materials while reducing [...]

Hyundai E&C Signs Early Works Deal for Nuclear Power Project in Finland

Hyundai E&C Signs Early Works Deal for Nuclear Power Project in Finland

SEOUL, June 24 (Korea Bizwire) — Hyundai Engineering & Construction (E&C) Co. said Tuesday it has signed an early works agreement (EWA) with Finland’s state-owned energy company Fortum and U.S. nuclear firm Westinghouse to jointly pursue the construction of a new nuclear power plant in Finland. The agreement, signed last week at Fortum’s headquarters in [...]