SEOUL, Aug. 21 (Korea Bizwire) — South Korea’s leading shipper HMM Co. is stepping up efforts to reduce the emission of greenhouse gases from its ships. HMM signed a memorandum of understanding (MOU) with the Korea Bio Energy Association, Hyundai Heavy Industries Co., Korea Shipbuilding & Offshore Engineering Co., and the Korean Register of Shipping [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean oil refiners’ key profitability measure has remained stuck in negative terrain for weeks, clouding their earnings outlook, industry sources said Tuesday. The benchmark Singapore complex gross refining margin (GRM) was estimated at minus US$0.30 per barrel for the first week of August, marking the fourth straight week [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hanwha Q Cells, a leading solar power solutions provider, said Friday that it will buy U.S. energy software company Geli to further its standing in the industry. The energy business arm of Hanwha Solutions said it plans to acquire a 100 percent stake in the American company, with the [...]
TEHRAN/SEOUL, Aug. 1 (Korea Bizwire) — The United Arab Emirates (UAE) has started operations at the first unit of the South Korean-built Barakah nuclear power plant, Dubai’s ruler said Saturday, marking the first operation of a peaceful nuclear reactor in the Arab world. Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum said in a Twitter post [...]
SEOUL, July 30 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, said Thursday that it will invest US$115.8 million to set up a joint venture (JV) with U.S. solar energy company Sunrun Inc. in its latest move to expand its energy solution business in the United States. Under the plan, SK [...]
SEOUL, July 29 (Korea Bizwire) — South Korea on Wednesday started the local supply of a newly developed hydrogen fuel-cell bus in line with its efforts to increase the number of automobiles running on the environment-friendly resource in more areas. One of the buses, whose mass production began this month, was delivered to a bus [...]
SEOUL, July 28 (Korea Bizwire) — Hanwha Energy Corp., an energy solutions affiliate of Hanwha Group, said Tuesday it has completed the construction of a hydrogen fuel cell power plant, the first of its kind and the largest in the world to be powered solely by hydrogen that is extracted as a byproduct from petrochemical [...]
SEOUL, July 20 (Korea Bizwire) — As the South Korean government continues to distribute solar panels and other renewable energy platforms, Chinese manufacturers are bolstering their offensive in the South Korean market for solar panels. The Korea International Trade Association reported that imports of Chinese solar modules in January to June period this year reached [...]
SEOUL, July 19 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s largest power plant builder, set an ambitious plan Sunday to boost its annual sales from its offshore wind farm business to over 1 trillion won (US$830 billion) by 2025, more than what it has generated over the past decade. Doosan Heavy [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) announced on Tuesday that it has developed Plug and Charge technology that enables automatic user certification and payment once a charging plug is inserted into an electric vehicle (EV). This technology ensures simple and automatic charging for EVs without the [...]