SEOUL, July 6 (Korea Bizwire) — SK Chemicals Co. said Wednesday it has utilized its chemically recycled PET (CR-PET) to create new packaging for food giant Ottogi Co.’s port cutlets and steak sauces. The company emphasized that it was the first in the local food industry to develop and commercialize food containers using 100 percent [...]
SEOUL, July 4 (Korea Bizwire) — South Korean battery makers are focusing on attracting funds to advance technology and expand production capacity. LG Energy Solution Ltd. has decided to issue corporate bonds worth 1 trillion won (US$768 million) for the first time since its establishment, according to industry sources. The company doubled the initially suggested [...]
SEOUL, July 2 (Korea Bizwire) — POSCO International Corp. said Sunday it aims to go completely carbon neutral by 2050 to tackle the global climate crisis and become an environmentally sustainable business. As a first step toward the goal, the company said it will reduce carbon emissions by 37 percent by 2030. POSCO International, a [...]
SEOUL, June 30 (Korea Bizwire) — POSCO Holdings, a leader in lithium self-sufficiency for secondary batteries, has begun the construction of the second phase of its lithium production plant in Argentina. A groundbreaking ceremony was held at Hombre Muerto Salt Lake, attended by the Korean Ambassador to Argentina, the Head of Eco-Friendly Future Materials at [...]
SEOUL, June 29 (Korea Bizwire) — GS Caltex Corp. and Korean Air Co. joined hands to carry out test flights using bio jet fuel, the companies said Thursday, in the latest step in the green energy transition toward a reduced carbon footprint. The two companies signed the memorandum of understanding, under which the oil refiner [...]
SEOUL, June 29 (Korea Bizwire) — Samsung SDI Co. has completed the pilot line for all-solid-state batteries and will begin producing samples in the second half of the year, its CEO said Thursday. Choi Yoon-ho, president and CEO of the South Korean battery maker, made the remarks during an in-house event, referring to the solid [...]
SEOUL, June 27 (Korea Bizwire) — South Korea won a 260 billion-won (US$225 million) deal Tuesday to build a tritium removal facility at a Romanian nuclear power plant that will help ensure its safe operation and boost South Korea’s nuclear power industry, the industry ministry said. Under the deal with Romania’s nuclear energy company SNN, [...]
SEOUL, June 27 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an agreement with a Danish investment company to work together on the development of offshore wind power and cooperate in other green businesses. The memorandum of agreement was signed with Copenhagen Infrastructure Partners (CIP) on Monday, under which they will work [...]
SEOUL, June 26 (Korea Bizwire) — Danish wind turbine producer Vestas Wind Systems will move its Asia-Pacific headquarters to Seoul in September and build a new facility to produce key equipment for wind turbines here, Seoul’s industry ministry said Monday. Vestas’ President and CEO Henrik Andersen announced the decision during a meeting with South Korea’s [...]
SEOUL, June 26 (Korea Bizwire) — LG Chem Ltd. said Monday it has begun mass production of a next-generation high-nickel cathode material made with a single crystal structure that enhances the power of electric vehicle batteries. The first output of the single-crystal cathodes will be delivered to clients from its Cheongju plant, starting in July, [...]