SEOUL, June 26 (Korea Bizwire) — Doosan Enerbility Co., a heavy industry affiliate of South Korea’s Doosan Group, said Sunday it has signed an initial pact with a German company for cooperation in the offshore wind power business. Doosan Enerbility, formerly known as Doosan Heavy Industries & Construction Co., signed a memorandum of understanding with [...]
SEOUL, June 16 (Korea Bizwire) — South Korean plant builder Doosan Enerbility Co. announced that it had signed an agreement with KEPCO Engineering & Construction Co. and Samsung C&T Corp. to invigorate mixed combustion technologies that generate electricity using green ammonia. Under the terms of the agreement, KEPCO E&C will develop overall plant engineering technologies, [...]
SEOUL, June 14 (Korea Bizwire) — South Korean battery maker SK Innovation Co. said Tuesday it will invest US$30 million in Amogy Inc., a U.S. developer of ammonia-based, emission-free power solutions, and cooperate in the development of related technologies. To that end, both companies signed a deal on strategic investment and a memorandum of understanding [...]
SEOUL, June 14 (Korea Bizwire) — LG Chem Ltd., a leading South Korean chemical manufacturer, said Tuesday it had signed a heads of agreement with GS EPS Co., a utility affiliate of GS Group, to promote cooperation in the development of biomass-based eco-friendly energy solutions. The two parties plan to use renewable energy fuel made [...]
SEOUL, June 10 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major South Korean builder, said Thursday it had been selected as the main research and development institution in charge of the national project in the Ministry of Science and ICT’s carbon capture and utilization field. This project aims to optimize and demonstrate a [...]
SEOUL, June 9 (Korea Bizwire) – South Korea’s state power firm Korea Electric Power Corp. (KEPCO) has been sharply increasing debt sales this year as the utility company remains deep in the red amid surging costs and the freeze in electricity rates, sources said Thursday. In its latest move, KEPCO has recently carried out a [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s state-run Korea Electric Power Corp. (KEPCO) said Thursday that it agreed with the U.S. nuclear power firm Westinghouse to boost cooperation for joint entry into overseas nuclear markets. The agreement was made during a meeting between KEPCO chief Cheong Seung-Il and Westinghouse CEO Patrick Fragman on Wednesday. [...]
SEOUL, June 8 (Korea Bizwire) — Hanwha Q Cells, the solar solutions unit of South Korean conglomerate Hanwha Group, said Wednesday it is building a new solar power plant in the U.S. state of Wyoming under an electricity supply deal with an energy firm. The power supply deal with an unidentified firm calls for Hanwha [...]
SEOUL, June 3 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate, said Thursday it will establish a joint venture with SK Gas Co., a liquefied petroleum gas (LPG) importer and distributor, for power generation with by-product hydrogen and hydrogen-powered transportation. The joint venture will be established in the third quarter of this [...]
SEOUL, June 1 (Korea Bizwire) — SK E&S Co., the energy unit of South Korean conglomerate SK Group, has teamed up with U.S-based hydrogen fuel cell maker Plug Power Inc. to supply clean, green hydrogen. SK Plug Hyverses, a joint venture between the two companies, said Tuesday it inked a deal with South Korea’s state-run [...]