SEOUL, Sept. 4 (Korea Bizwire) – South Korean builder SK ecoplant Co. said Sunday that the Canadian green hydrogen project Nujio’qonik, in which it holds a stake, has received approval from the Canadian provincial government of Newfoundland and Labrador to utilize state-owned land for wind power generation. Canadian firm World Energy GH2 Inc., a leading [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean battery maker SK On Co. has achieved a significant milestone by collaboratively developing an advanced oxide-based solid-state electrolyte (SSE) boasting the world’s highest level of lithium-ion conductivity. Lithium-ion conductivity directly impacts the speed of lithium-ion movement within the electrolyte, correlating to battery output and rapid charging capability. [...]
SUWON, Sept. 1 (Korea Bizwire) — The Gyeonggi provincial government said Thursday it will establish a compact hydrogen city, aiming to achieve carbon neutrality while boosting the local economy. The provincial government intends to issue a public invitation to cities and counties, urging their participation in the hydrogen energy self-sufficiency city project. This call for [...]
SEOUL, Aug. 28 (Korea Bizwire) — LG Chem Ltd. said Monday it is spending 124.6 billion won (US$94.1 million) over the next two years to expand its manufacturing facility for its key filter membrane product used in water desalination. The facility, located in the central provincial city of Cheongju, will have an annual production capacity [...]
SEOUL, Aug. 28 (Korea Bizwire) — POSCO Future M Co. said Monday it aims to achieve 3.4 trillion won (US$2.57 billion) in annual operating profit by 2030 as it accelerates the expansion into the manufacturing of secondary battery materials amid the robust electric vehicle (EV) demand. The chemical unit of South Korean steel giant POSCO [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway’s state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan. The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday approved the launch of a joint venture between LS, the country’s 16th-largest conglomerate, and battery material producer L&F Co. The go-ahead for the new company that will produce precursors, tentatively named LS-L&F Battery Solution, came after the two firms filed applications in June, [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korean battery maker SK On Co. said Friday it will invest in a C$1.2 billion (US$886 million) Canadian cathode plant along with Ford Motor Co. and Korean cathode material company EcoPro BM to secure a stable supply of the key battery material in North America. SK On, EcoPro [...]
SEOUL, Aug. 17 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, signed a preliminary agreement with a local utility company Thursday for a partnership on the production and utilization of green hydrogen. Under the memorandum of understanding with the Korea Southern Power Co. (KOSPO), they will work [...]
SEOUL, Aug. 17 (Korea Bizwire) — Samsung C&T Corp., a construction and trading business unit of Samsung Group, said Wednesday that its U.S.-based renewable energy subsidiary had sold a 150-megawatt (MW) solar power project in Illinois to a local company. The company has also entered into a contract to provide development services for the remaining [...]