SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has partnered with the International Union for Conservation of Nature (IUCN) for a forest restoration project in Vietnam. The company’s Vietnamese joint venture HTV and the IUCN, along with Seoul-based development non-governmental organization Good Neighbors International, signed a memorandum of understanding Tuesday for [...]
POHANG, Oct. 25 (Korea Bizwire) – The city of Pohang, located in North Gyeongsang Province, has introduced an innovative artificial solar ecosystem. This cutting-edge technology harnesses artificial sunlight generated through nuclear fusion reactions involving hydrogen. In this process, light hydrogen atoms merge within a plasma state, where the nuclei and electrons separate, resulting in energy production [...]
SEOUL, Oct. 24 (Korea Bizwire) – SK Innovation, SK IE Technology (SKIET), and Lotte Chemical have joined forces to make significant strides in the carbon capture market. On Monday, these three companies announced the signing of a Memorandum of Understanding (MOU) to foster technological and business collaboration, thereby fortifying their competitiveness in the field of carbon [...]
SEOUL, Sept. 25 (Korea Bizwire) — SKC Co., a South Korean materials maker, said Monday it plans to build a manufacturing plant in Vietnam to produce materials for biodegradable plastics, as it pushes to expand the eco-friendly materials business. The factory will be established in Vietnam’s northeastern city of Hai Phong to manufacture polybutylene adipate [...]
ULSAN, Sept. 15 (Korea Bizwire) — SK Group plans to invest 8 trillion won (US$6.02 billion) to transform its main refinery and chemical complex in the country’s southeast into eco-friendly businesses, its chief has said. Chey Tae-won, chairman of SK Group, made the announcement as he reinforced the company’s commitment to shifting its key areas [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean oil refiner GS Caltex Corp. said Friday it has begun the pilot operation of a container ship that runs on its bio marine fuel in collaboration with the shipping company HMM Co. The 6,400 twenty-foot equivalent unit vessel, powered by GS Caltex’s B30 bio marine fuel, will [...]
SEOUL, Sept. 15 (Korea Bizwire) — The waters off the coast of Ulsan were once a haven for whale sightings. However, the whale population has sharply declined as many animals have starved to death after ingesting plastics discarded by humans. Byun Eui-hyun, CEO of Usisan, said, “We’re committed to saving Earth’s largest endangered creatures by [...]
SEOUL, Sept. 13 (Korea Bizwire) — SK Ecoplant announced on Tuesday that it is teaming up with NETSPA, a startup that specializes in recycling waste fishing nets, for a project in Southeast Asia. This project has been chosen as an initial project for the Korea International Cooperation Agency (KOICA) Platform ESG Initiative. On September 12, SK Ecoplant [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Display Co., the display arm of Samsung Electronics Co., said Thursday it plans to use 20,000 tons of recycled cement for the construction of its new building. The cement will be made from waste glass generated during the display production process. The new building is expected to be [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has finished testing an onboard carbon dioxide (CO2) capture and storage (OCCS) unit. The new system has been tested on a liquefied natural gas (LNG) carrier and is expected to help reduce greenhouse gas emissions, DSME [...]