SEOUL, March 15 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday that it will release a new carbon emissions control system designed to ensure the efficient control and management of engine output to reduce a ship’s carbon emissions, in the latter half of this year. The newly-developed Samsung Smart Power Limitation [...]
SEOUL, March 14 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it has signed an initial deal with U.S. carmaker Ford Motor Co. and Turkish conglomerate Koc Holding A.S. to build an electric vehicle (EV) battery plant in Turkey in its latest move for overseas expansion. The three companies inked the [...]
SEOUL, March 14 (Korea Bizwire) — South Korean steelmaker POSCO said Monday it has broken ground for a plant that will produce sold-state electrolyte (SSE), a key component in solid-state batteries. The plant in Yangsan, about 420 kilometers southeast of Seoul, will be able to produce 24 tons annually from the second half of the [...]
SEOUL, March 10 (Korea Bizwire) — South Korea’s battery makers are on alert as the price of nickel and other materials is surging. The Korea Mineral Resource Information Service reported that the global price of nickel had jumped to US$42,995 per ton on Monday, an annual increase of 132.5 percent, noting that 10 percent of [...]
SEOUL, March 8 (Korea Bizwire) — Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, said Monday that it had developed Luxteel Biomass Uniglass, a solvent-free colored steel plate. The paint used in colored steel plates is usually made from petroleum-based solvents. When heated, it emits greenhouse gases such as carbon dioxide. What the company has [...]
SEOUL, March 8 (Korea Bizwire) — South Korean shipbuilders took the top spot in global new orders in February, far outpacing their Chinese rivals, industry data showed Tuesday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 860,000 compensated gross tons (CGTs) in new orders last month, or 67 percent of the global total at [...]
SEOUL, March 8 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Tuesday it will build a joint cathode venture with U.S. auto giant General Motors Co. in Canada to supply the key material to the U.S. automaker’s electric vehicles. The US$400 million cathode materials JV in Quebec, Canada, will supply the materials [...]
SEOUL, March 7 (Korea Bizwire) — South Korean secondary battery materials maker POSCO Chemical Co. said Monday it will construct a new plant in the country to manufacture precursors to meet growing demand for electric vehicle (EV) batteries. The unit of South Korean steel giant POSCO said it will start to invest around 600 billion [...]
SEOUL, March 7 (Korea Bizwire) — South Korean steelmaker SeAH Besteel Corp. said Monday it will deliver three dry casks used to store spent nuclear fuel to a U.S. nuclear logistics company. The delivery comes some six months after SeAH Besteel signed a deal for 17 casks with Orano TN, which provides total system solutions [...]
SEOUL, March 7 (Korea Bizwire) — South Korean shipbuilder Hyundai Samho Heavy Industries Co. took a concrete step towards preventing the spread of the coronavirus on ships as part of a pilot project. The company said Sunday that it installed virus-killing lamps on the 318,000-ton very large crude carrier (VLCC) VL Bright as part of [...]