SEOUL, Sept. 1 (Korea Bizwire) – South Korea said Wednesday that it will launch a direct power purchase agreement (PPA) system that will enable businesses using large amounts of electricity to directly purchase the electricity produced using renewable energy without going through the electric power market. The Ministry of Trade, Industry and Energy announced that [...]
SEOUL, Sept. 1 (Korea Bizwire) — GS Engineering & Construction Corp., a major builder in South Korea, has joined hands with a Finnish energy company to produce next-generation bioethanol using cassava peel waste in Thailand. The company announced on Wednesday that it had signed a memorandum of understanding with St1 Renewable Energy Oy to promote [...]
SEOUL, Aug. 31 (Korea Bizwire) — More than 200 auto and energy companies from here and abroad gathered at an international hydrogen show in South Korea on Wednesday, putting on display their latest technologies and visions on hydrogen, which is cited as a future energy source. H2 MEET, an exhibition-to-conference event backed by Seoul, is [...]
SEOUL, Aug. 31 (Korea Bizwire) — Self-charging of hydrogen-powered vehicles will become possible at Incheon International Airport starting from Tuesday. The Ministry of Trade, Industry and Energy announced that it had launched a hydrogen vehicle self-serve demonstration for the general public at the hydrogen charging station located in the airport’s Terminal 2 run by hydrogen [...]
SEOUL, Aug. 31 (Korea Bizwire) — Doosan Enerbility Co., a heavy industry affiliate of Doosan Group, said Tuesday it had joined hands with a group of local subcontractors to strengthen its competitiveness in the production of casks, containers used for the transportation and storage of spent nuclear fuel. A day ago, the company signed a [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea seeks to expand its generation of nuclear power to nearly 33 percent of its total energy creation by 2030 in a move to boost energy security and to better meet net-zero goals, the industry ministry said Tuesday. Under the blueprint for the country’s electricity supply through 2036, [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korean chemical company LG Chem Ltd. said Tuesday it is expanding its carbon nanotube factory here as it seeks to bolster its edge in the lucrative electric vehicle battery materials sector. The new carbon nanotube factory will be constructed in its Daesan complex, South Chungcheong Province, about 75 [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Monday it is joining hands with Japan’s Honda Motor Co. to build an electric vehicle battery plant in the United States in the latest move to increase its production capacity amid growing demand for zero-emission vehicles. The two companies [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s push for clean energy, notably hydrogen, offers opportunities for companies like FuelCell Energy Inc. (FCE) to deliver its technologies “well-suited” to help the country achieve its carbon emissions goals, its CEO has said. Jason Few, president and CEO of the U.S. fuel cell platform manufacturer, said the [...]
SEOUL, Aug. 26 (Korea Bizwire) — POSCO Holdings Co., the world’s fifth-largest steelmaker by output, said Friday it has completed the construction of a used secondary battery recycling plant in Poland as part of its push to expand its presence in the burgeoning sector. The Poland Legnica Sourcing Center (PLSC), in Brzeg Dolny, some 30 [...]