SEOUL, Dec. 15 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Friday it will initially inject 938.5 billion won (US$725 million) in its U.S. subsidiary in charge of building a local cathode plant. LG Chem plans to hold a groundbreaking ceremony next week for a 1.8 trillion-won cathode plant in Clarksville [...]
SEOUL, Dec. 15 (Korea Bizwire) – Amazon has initiated its inaugural foray into renewable energy investments in South Korea. The company revealed on Thursday that it has committed funding to a venture aimed at constructing a 60-megawatt (MW) solar power facility in the southwestern region of South Korea. The specific investment amount and plant location were [...]
SEOUL, Dec. 13 (Korea Bizwire) — SK Ecoplant Co., the construction arm of South Korea’s chip-to-battery conglomerate SK Group, said Wednesday it has completed its second battery recycling plant in China in an effort to meet rising battery demand in the automobile industry. The second plant, located in Yancheng, Jiangsu province, is capable of processing [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Engineering Co. has partnered with the Korea Atomic Energy Research Institute (KAERI) to cooperate in exports of small modular reactors (SMRs), which are more advanced and cost efficient than conventional nuclear plants, according to the company Tuesday. Under the memorandum of understanding (MOU) signed Monday, Hyundai will handle [...]
SEOUL, Dec. 8 (Korea Bizwire) — LG Energy Solution (LGES), South Korea’s leading battery maker, said Friday it will supply battery cells to a Polish battery pack company in a three-year deal. LGES has signed the deal to begin supplying 200,000 nickel cobalt manganese (NCM) battery modules to Impact Clean Power Technology (ICPT) in 2024 [...]
SEOUL, Dec. 6 (Korea Bizwire) — POSCO Future M Co. said Wednesday it has started mass production of single-crystal cathodes at its Pohang plant for supply to Ultium Cells LLC, a South Korea-U.S. battery joint venture. The battery materials unit of steel maker POSCO said it has started mass production of NCMA (nickel-cobalt-manganese-aluminum) single-crystal cathodes, [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korean steel company POSCO Holdings Inc. said Tuesday it plans to build an industrial gas production facility at a secondary battery complex in the country’s southeastern port city of Pohang. The company plans to invest 100 billion won (US$76.3 million) in the 16,500-square-meter facility, with an annual production [...]
DAEJEON, Nov. 30 (Korea Bizwire) – In a significant stride towards expanding the global reach of its cutting-edge plasma technology, the Korea Institute of Fusion Energy (KFE) has inked a contract with an American bio-diesel production company. The KFE announced on November 29 that it had entered into an agreement with Plasma Blue, which is based [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean steel titan POSCO Group completed its first domestic lithium hydroxide factory on the country’s south coast Wednesday in a bid to bolster its battery business, the group said. The plant, located in an industrial complex in Suncheon, about 290 kilometers south of Seoul, can turn out 21,500 [...]
SEOUL, Nov. 28 (Korea Bizwire) – The ongoing supply disruption of hydrogen for vehicles in central South Korea has gradually eased, and the shortage is expected to be fully resolved by around mid-December, the industry ministry said Tuesday. Hydrogen charging stations in the greater Seoul area, the central Chungcheong Province and the eastern province of [...]