SEOUL, Sept. 7 (Korea Bizwire) — Hanwha Solutions Corp., a key energy unit of South Korea’s Hanwha Group, said Wednesday it is investing 761.7 billion won (US$549.6 million) to boost production capacity of its domestic solar panel materials as it pushes for an expansion into the renewable energy sector. The announcement came after Hanwha recently [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hanwha Energy Corp., a South Korean power generation solutions provider, said Wednesday it is building an electricity grid stability plant in Ireland in a move that will give a further boost to its renewable energy and power systems portfolio. The 170 billion-won (US$122.5 million) project commits Hanwha to provide [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said Tuesday that it had teamed up with local toothbrush maker KNK to jointly develop the nation’s first toothbrush made from chemically recycled plastic material. Chemically recycled plastic refers to the material that is made by breaking down and returning waste plastic [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Tuesday it will take part in large-scale offshore wind power projects in the country in collaboration with a duo of global energy firms. The company on Monday signed a business agreement with British offshore wind developer Corio Generation and French energy and [...]
SEOUL, Sept. 6 (Korea Bizwire) — SK E&S Co., a leading South Korean liquefied natural gas provider, said Tuesday it has won a joint permit with several other global energy companies for the exploration of potential carbon dioxide storage off northwestern Australia. SK E&S will own a 30 percent stake in the permit to explore [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea aims to raise the rate of recycling by designating scrapped electric vehicle (EV) batteries as a recyclable resource, exempting them from certain restrictions. The Ministry of Environment introduced plans for promoting the circular economy centering on recycling scrapped EV batteries at the Economic Regulation Innovation Task Force [...]
SEOUL, Sept. 6 (Korea Bizwire) — Four South Korean companies — LG Chem Ltd., Samsung C&T Corp., Namhae Chemical Corp. and Doosan Enerbility Co. — on Monday signed a memorandum of understanding to promote cooperation in the production and usage of ammonia-based clean hydrogen. Under terms of the MOU, LG Chem plans to introduce clean [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean energy-to-telecom conglomerate SK Group said Monday it is partnering with a Malaysian clean energy company to explore collaboration in hydrogen, renewable energy and green mobility, as part of efforts to bolster its green energy transition. Its three affiliates — SK Materials Inc., SK Ecoplant Co. and SK [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Thursday it has invested US$50 million in Ascend Elements, a U.S.-based lithium-ion battery recycling and engineered materials company, as part of efforts to gain a stronger foothold in the waste battery market. The investment is a part of Ascend Elements’ Series C [...]
SEOUL, Sept. 1 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, said Thursday it has signed a memorandum of understanding with India’s Greenko to produce so-called green hydrogen. Under the deal, the two will launch a project to produce green hydrogen and ammonia in India by using renewable energy. The two [...]