SEOUL, July 22 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical maker, is making forays into the sustainable materials market through the export of its first bio-based phenol and acetone. The company announced on Thursday that it will export its first phenol and acetone products made of biomaterials such as waste vegetable oil. [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s state-run Korea Electric Power Corp. (KEPCO) said Wednesday it has built a 60-megawatt solar farm in Guam, a move that could help reduce the U.S. Pacific territory’s dependence on imported oil and boost access of its people to clean electricity. KEPCO said it held a ceremony earlier [...]
ULSAN, July 20 (Korea Bizwire) — The Ulsan city government said Tuesday it will reutilize transparent plastic dividers that were once used to enforce social distancing measures. The city will join hands with local manufacturing company Hanguk Mold Co. to start a project to upcycle plastic waste. It will collect used plastic dividers from public [...]
INCHEON, July 15 (Korea Bizwire) — The Korea Gas Corp.’s liquefied natural gas (LNG) terminal in Incheon, the world’s largest LNG storage and supply facility, on Thursday held a demonstration of an anti-drone system designed to respond to drone terrorist attacks. When an unidentified flying object appeared near the LNG terminal, a 1.9-meter-wide, 0.5-meter-tall hydrogen-powered [...]
SEOUL, July 15 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Thursday it was launching a drive to recycle waste incineration ash as a construction material. The company joined hands with CMD Group, a specialist in the manufacturing of eco-friendly construction materials, to promote technological cooperation and to produce block aggregates made of [...]
SEOUL, July 14 (Korea Bizwire) — SK On Co.’s electric vehicle (EV) battery joint venture with Ford Motor Co. in the United States has formally set sail, the South Korean battery maker said Thursday, paving the way for SK’s new battery unit to accelerate its overseas push amid burgeoning EV demand. The official launch of [...]
SEOUL, July 14 (Korea Bizwire) — Domestic prices of gasoline and diesel are also on the skids as oil prices have dropped sharply due to concerns about a global economic recession. SK Energy Co., South Korea’s leading oil refinery and gas station operator, recently informed front-line gas stations that it would greatly lower gasoline and [...]
SEOUL, July 14 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Wednesday it will make and sell more of the limited edition footwear produced by using recycled tires through a collaboration with domestic startup Treadngroove as the existing inventory had sold out. The two companies jointly produced a [...]
SEOUL, July 13 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. is coming up with various ideas to provide new experiences to customers. The company said Tuesday it will set up an LED display on the outer wall of a local gas station in Seoul’s Dongjak District to exhibit digital artwork. For July, some [...]
SEOUL, July 13 (Korea Bizwire) – South Korean refiner SK Innovation Co. said Wednesday it has invested US$20 million in a U.S. biofuel company, as it accelerates its push for the shift to green energy businesses. The equity investment in Fulcrum BioEnergy Inc., a California-based producer of low-carbon fuels, represents additional backing by SK, South [...]