SEOUL, May 3 (Korea Bizwire) — SK Geocentric Co., a chemical unit under South Korea’s SK Group, said Wednesday it has signed a joint venture agreement with a Canadian partner to build a plastic waste recycling factory in Korea. SK Geocentric and Loop Industries, a Quebec-based company, will establish a 51:49 joint venture in charge [...]
SEOUL, May 3 (Korea Bizwire) — South Korean battery maker SK On Co. said Wednesday it has signed an agreement with a U.S. graphite company to develop battery-grade anode materials in an effort to bolster the sourcing of raw materials. The joint development agreement (JDA), inked with Westwater Resources Inc., calls for the two companies [...]
SEOUL, May 3 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it will supply electricity generated from renewable energy to German chemical giant BASF S.E. The two parties signed a power purchase agreement (PPA) in Seoul on April 18. As per the terms of the agreement, [...]
JEJU, May 2 (Korea Bizwire) — The government and car manufacturers have to put a bigger focus on the safety of battery packs as a series of recent battery fires may drive down demand for electric vehicles (EVs) and have a negative impact on the burgeoning EV market, experts said Tuesday. South Korea currently has [...]
SEOUL, May 2 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, said Tuesday it is spending 1 trillion won (US$747 million) with Plug Power, a U.S. hydrogen company, to build a large production facility for hydrogen-powered equipment in South Korea. Through the joint venture, SK Plug Hyverse, [...]
SEOUL, May 1 (Korea Bizwire) — SK IE Technology Co. (SKIET), an electronics materials maker of South Korea’s SK Group, said Monday that it has signed an initial deal with China’s electric vehicle battery manufacturer Sunwoda to supply a battery material. Under the memorandum of understanding, SKIET will provide its battery separators produced at its [...]
SEOUL, April 28 (Korea Bizwire) — South Korean cosmetics contract manufacturer Kolmar Korea Co. said Thursday it has developed a paper stick container to replace conventional plastic containers used for cosmetic products. The paper stick container is made from mineral paper derived from leftover stones dumped in quarries and mines. As an eco-friendly material, it [...]
SEOUL, April 27 (Korea Bizwire) — LG Chem Ltd. said Thursday its first operating quarter profit shrank 22.8 percent from a year earlier as a global economic slowdown dampened petrochemical demand in major industries. Operating profit reached 791 billion won (US$592 million) in the January-March period, compared with 1.02 trillion won the previous year, the [...]
SEOUL, April 27 (Korea Bizwire) — Samsung SDI Co. said Thursday its first-quarter net profit rose 28 percent from a year earlier as surging demand for electric vehicle (EV) batteries gave a boost to the bottom line. Net income reached 464.5 billion won (US$347 million) in the January-March period, compared with 362.6 billion won the [...]
SEOUL, April 26 (Korea Bizwire) — Major South Korean battery components maker POSCO Future M Co. said Wednesday it has won a 30.3 trillion-won (US$22.6 billion) order to supply cathodes for LG Energy Solution Ltd., the country’s top battery maker. The deal calls for POSCO Future M to provide LG Energy Solution with high-nickel cathodes [...]