SEOUL, Oct. 18 (Korea Bizwire) – LG Chem Ltd. and Lotte Chemical Corp. said Tuesday they plan to showcase their latest lineups of eco-friendly plastics and other advanced materials at a plastics trade show in Germany this week, as part of efforts to tap deeper into the European market. LG Chem, South Korea’s leading chemicals [...]
SEOUL, Oct. 14 (Korea Bizwire) — The government plans to expand the use of eco-friendly biofuels to better cope with climate change as well as to reduce excessive reliance on petroleum-based fuels. The Ministry of Trade, Industry and Energy announced on Thursday that it will raise the mandatory biodiesel mixture ratio — the ratio at [...]
SEOUL, Oct. 13 (Korea Bizwire) — SK Gas, a key energy affiliate of energy and telecom conglomerate SK Group, said Wednesday it had developed a new artificial intelligence (AI)-based system that anticipates and simulates the yield of chemical processing, and introduced it to its subsidiary SK Advanced Co. The company is the first to use [...]
SEOUL, Oct. 12 (Korea Bizwire) — The Korean Agency for Technology and Standards has announced that the amendment of the Electrical Appliances and Consumer Products Safety Control Act, which includes the legal basis for the reuse of retired electric vehicle (EV) batteries, passed at a Cabinet meeting on Tuesday. The new legislation, which enters effect [...]
JEONGEUP, Oct. 12 (Korea Bizwire) — Thin layers of orange-red copper films were instantly coated on the surfaces of large titanium drums rolling slowly in electrically charged water tanks in the fifth factory of SK Nexilis Co. The process, called electroplating, is a critical part determining the quality of the copper foil, a core component [...]
SEOUL, Oct. 12 (Korea Bizwire) — Hyundai Chemical Co. has completed the construction of a petrochemical complex using cheap heavy fuel oil as a feedstock in South Korea’s western city of Seosan, a move that diversifies its business portfolio and boosts the country’s exports, the industry ministry said Wednesday. The heavy-feed petrochemical complex was built [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korean battery maker SK On Co. said Wednesday it has signed a long-term supply agreement for high-purity lithium with an Australian resources developer. Under the agreement signed with Lake Resources on Tuesday, SK On will be provided with 230,000 tons of lithium, a key raw material used in [...]
SEOUL, Oct. 12 (Korea Bizwire) — SK Trading International Co., a subsidiary of South Korean refiner SK Innovation Co., said Wednesday it has invested in a U.S. clean fuel company to bolster its green energy drive. The company did not disclose the amount of the investment in Infinium, a California-based startup that engages in the [...]
SEOUL, Oct. 12 (Korea Bizwire) – Chinese firms turned out to have a hefty stake in domestic solar power companies in the Saemangeum reclaimed land on the southwest coast, a renewable energy center for South Korea, a lawmaker said Tuesday. According to the data obtained by Rep. Park Soo-young of the People Power Party from [...]
SEOUL, Oct. 11 (Korea Bizwire) — SK Innovation Co., South Korea’s largest oil refinery, said Tuesday it will invest 5 trillion won (US$3.54 billion) into its flagship Ulsan industrial complex to transform its fossil fuel energy-oriented business to a green energy and material company by 2027. “After building South Korea’s first refinery plant in Ulsan, [...]