SEOUL, April 30 (Korea Bizwire) – SK Engineering & Construction Co., a leading South Korean builder, has launched a demonstration project for carbon emission-free hydrogen fuel cell power generation. The company announced that it will establish a pure hydrogen solid oxide fuel cell (SOFC) power generation facility in collaboration with its affiliate SK Advanced Co., [...]
SEOUL, April 27 (Korea Bizwire) — Public organizations will have to choose only eco-friendly cars when purchasing new automobiles, in line with the country’s green energy drive, the industry ministry said Tuesday. “In order to speed up the transition, it is necessary to create new demands,” the Ministry of Trade, Industry and Energy said in [...]
SEOUL, April 27 (Korea Bizwire) — The supply of low-priced by-product hydrogen will begin in earnest this year for use in transport. On Monday, the Ministry of Trade, Industry and Energy, the South Chungcheong provincial government and the Dangjin city government held a completion ceremony for a new hydrogen supply and shipment center for hydrogen [...]
SEOUL, April 20 (Korea Bizwire) — Doosan Group said Tuesday that it has been gearing up to tap the global hydrogen market by forming a task force to conduct market research. Doosan Group formed a task force under its holding company Doosan Corp. to conduct the project that will review the markets of production, distribution [...]
SEOUL, April 20 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) lapsed into a complete capital erosion in 2020 as its liabilities exceeded assets due to continued losses, data showed Tuesday. KNOC’s liabilities stood at 18.64 trillion won (US$16.7 billion) as of the end of last year, up nearly 514 billion won from [...]
SEOUL, April 19 (Korea Bizwire) — South Korea said Monday it has revised the renewable portfolio standards (RPS) system to have power companies utilize more sustainable resources, in line with the country’s green energy drive. Under the new rules, power companies are requested to produce up to 25 percent of all their power output from [...]
SEOUL, April 15 (Korea Bizwire) — South Korea said Thursday it will ramp up efforts to promote a homegrown charging technology for electric vehicles (EVs) as an international standard, as the country plans to penetrate deeper into the growing sector. The Korean Agency for Technology and Standards held a virtual meeting with experts from home [...]
SEOUL, April 11 (Korea Bizwire) — Two Korean battery makers reached a long-awaited settlement on Sunday to resolve their bitter battery battle, clearing prolonged uncertainty in the face of toughening competition on multiple fronts amid the growing electric vehicle market. LG Energy Solution Ltd. and SK Innovation Co. said they have agreed to settle in [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean refiner, said Tuesday it will work with Air Products & Chemicals Ltd., the world’s leading hydrogen supplier, to develop hydrogen technology and business models. Hyundai Oilbank and Air Products signed a memorandum of understanding for cooperation in producing hydrogen and its applications [...]
SEOUL, March 30 (Korea Bizwire) — SK E&S Co., the natural gas provider under SK Group, said it will invest 1.6 trillion won (US$1.4 billion won) over the next five years to develop an Australian gas field for the stable supply of liquefied natural gas (LNG). SK E&S said it approved the investment plan to [...]