DAEJEON, Feb. 21 (Korea Bizwire) — The Korea Institute of Energy Research (KIER) announced on February 20 that it has successfully demonstrated the world’s largest carbon dioxide separation system of its kind for natural gas power plants. Traditional carbon capture methods at natural gas power facilities require extensive equipment including absorption towers, regeneration towers, and blowers, [...]
SEJONG, Feb. 6 (Korea Bizwire) – A bill on promoting the carbon capture, utilization and storage (CCUS) industry will take effect this week, the government said Thursday, amid growing demand for eco-friendly technologies to tackle climate change. The bill on supporting the development of CCUS technologies and fostering the industry will take effect Friday, according [...]
Join executives from ExxonMobil Low Carbon Solutions, Dow, Talos and Chevron New Energies as event covers the CCUS value chain through opportunities, risks and economic viability trends LONDON/HOUSTON/SINGAPORE, 17 September 2024 – Momentum for carbon capture, utilization and storage (CCUS) is growing as a buoyant project pipeline is attracting attention from leading companies, but CCUS deployment [...]
SEOUL, Aug. 11 (Korea Bizwire) — More energy companies, including South Korea’s Hanwha Corp. and the Netherlands-based Shell Gas & Power Developments B.V., have joined the consortium for a major carbon capture and storage (CCS) project in Malaysia, SK Innovation Co. said Friday. The state-run Korea National Oil Corp. and Air Liquide Korea, an affiliate [...]
SEOUL, July 12 (Korea Bizwire) — Korea Environment Corp. (KECO), a state environment promotion agency, said Tuesday that a demonstration facility for carbon capture and utilization technology will be established at a Philip Morris Korea Inc. factory in Yangsan, North Gyeongsang Province. The facility, scheduled to be completed on Thursday, leverages the carbon dioxide absorption [...]
SEOUL, May 8 (Korea Bizwire) — SK Innovation Co., the energy unit of South Korea’s SK Group, said Monday it has jointly invested with another SK affiliate in a South Korean developer of gas separation membranes to advance the technology for use in carbon capture. The investment in Airrane, a Cheongju-based company, commits SK Innovation [...]
SEOUL, March 21 (Korea Bizwire) — POSCO International Corp. said Tuesday it will nurture carbon capture and storage (CCS) as one of its future growth drivers as the trading company accelerates its expansion into green energy. POSCO International said it established in February a new team within its energy division to spearhead the CCS business. [...]
SEOUL, Jan. 26 (Korea Bizwire) — Samsung Heavy Industries Co. said Tuesday it has won approval in principle (AIP) from the Korean Register of Shipping (KR), a South Korean ship quality assurance and risk management company, for its newly-developed ‘on-board carbon capture system’ that can be used on liquefied natural gas (LNG)-powered ships. The carbon [...]
IRVING, Texas and DANBURY, Conn., Nov. 6 (Korea Bizwire) — ExxonMobil and FuelCell Energy, Inc. said today they have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on optimizing [...]