SEOUL, Dec. 16 (Korea Bizwire) — South Korean chemicals maker SKC Co. is set to launch the nation’s largest plastic waste pyrolysis oil project. The company recently signed a memorandum of understanding (MOU) with the Ulsan city government to jointly carry out an eco-friendly chemical recycling project that aims to make industrial pyrolysis oil with [...]
SEOUL, Dec. 15 (Korea Bizwire) — Sales of excavators by Doosan Infracore Co. in China are expected to reach the highest in a decade this year on strong demand in the world’s No. 2 economy, industry data showed Tuesday. According to the data by the China Construction Machinery Association, Doosan Infracore sold 1,692 units of [...]
SEOUL, Dec. 14 (Korea Bizwire) — SK Innovation Co. has invested in an electric vehicle (EV) battery plant in China in the latest move to boost its production capacity amid growing demand for zero-emission cars in the world’s largest auto market, people familiar with the matter said Monday. The South Korean EV battery maker acquired [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean steelmaker POSCO said Sunday it will expand hydrogen production capacity in the next three decades to meet growing demand for the clean energy source and foster new growth drivers. POSCO, the world’s fifth-largest steelmaker by output, said it will produce up to 5 million tons of hydrogen [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea has developed the nation’s first-of-its-kind eco-friendly oceangoing vessel that can reduce the generation of fine dust, one of the main culprits of environmental pollution, by up to 99 percent. The Ministry of Oceans and Fisheries held a naming ceremony for the nation’s first liquefied national gas (LNG)-powered [...]
SEOUL, Dec. 10 (Korea Bizwire) — A group of South Korean researchers poached by a Chinese company which is now transforming itself from property developer to electric vehicle (EV) and battery maker have turned out to be playing a key role in the rapid growth of the Chinese company. Industry experts warn that China’s poaching [...]
WASHINGTON/SEOUL, Dec. 9 (Korea Bizwire) — A U.S. trade panel on Wednesday again postponed a much-awaited ruling on a trade secret dispute involving South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. to Feb. 10. The U.S. International Trade Commission (ITC) postponed the final ruling slated for Dec. 10 without elaborating on [...]
SEOUL, Dec. 9 (Korea Bizwire) — Posco Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Wednesday it will provide a key element for Ultium Cells’ rechargeable batteries for electric vehicles (EVs). Posco Chemical said it will supply cathodes, one part of lithium-ion batteries used in EVs, to Ultium Cells, a battery [...]
SEOUL, Dec. 8 (Korea Bizwire) — SK Lubricants Co., South Korea’s leading lubricants producer, said Monday it would share its know-how on the recycling of waste plastics for the production of eco-friendly containers with related industries. SK Lubricants’ eco-friendly container production technology has been used in its SK ZIC ZERO and SK ZIC WORLD SERIES [...]
SEOUL, Dec. 3 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, is considering buying stakes in graphite mines in Australia and Mozambique, a person familiar with the matter said Thursday. The move is part of POSCO’s efforts to diversify import sources of graphite, a material required in making anodes, he said. An anode [...]