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Korea Shipbuilding Develops Waste Heat-derived LNG Fuel Supply System

Korea Shipbuilding Develops Waste Heat-derived LNG Fuel Supply System

SEOUL, June 24 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Thursday that it and its affiliate Hyundai Heavy Industries Co. have received approval in principle from Norwegian-German ship quality assurance society DNV and Britain’s Lloyd’s Register for their new liquefied natural gas (LNG) fuel supply system. The newly-developed system, dubbed Hi-eGAS (Hyundai [...]

POSCO, Brazil’s Vale Donate US$100,000 to Support S. Korea’s Young Students

POSCO, Brazil’s Vale Donate US$100,000 to Support S. Korea’s Young Students

SEOUL, June 23 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said it has launched a talent cultivation program in collaboration with Brazilian mining giant Vale SA. Under this program, the two companies agreed to offer support to young students from low-income households in South Korea and Brazil. On Wednesday, POSCO donated US$100,000 to Korea [...]

Samsung Heavy Bags 3.9 tln-won Order for 14 LNG Carriers

Samsung Heavy Bags 3.9 tln-won Order for 14 LNG Carriers

SEOUL, June 22 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Wednesday it has clinched a 3.9 trillion-won (US$3 billion) order to build 14 liquefied natural gas (LNG) carriers in the Bermudas and Africa. Samsung Heavy said it will construct 12 174,000-cubic-meter LNG carriers worth 3.33 trillion won for an unidentified Bermudan [...]

Lotte Chemical Considering Building Electrolyte Solvent Factory with Sasol

Lotte Chemical Considering Building Electrolyte Solvent Factory with Sasol

SEOUL, June 20 (Korea Bizwire) — Lotte Chemical Corp. said Monday it is pushing to build an electrolyte solvent factory overseas with a U.S.-based chemical company as it seeks to bolster its battery components business. It signed an agreement with Sasol Chemicals LLC, the American unit of South African petrochemical firm, Sasol Ltd., last week [...]

SK On Teams Up with POSCO for Rechargeable Battery Business

SK On Teams Up with POSCO for Rechargeable Battery Business

SEOUL, June 16 (Korea Bizwire) — South Korean battery maker SK On Co. and steel giant POSCO jointly announced on Wednesday that they had signed a memorandum of understanding to promote comprehensive cooperation in their burgeoning secondary battery business. The two parties plan to unite forces to explore joint projects throughout the entire value chain [...]