SEOUL, Aug. 8 (Korea Bizwire) — SK earthon Co., a South Korean oil exploration and production (E&P) company, said Thursday it has joined a project to build a submarine carbon storage facility in Australia in its business diversification strategy. SK earthon invested in 20 percent of the project, with InCapture, an Australian carbon capture and [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea will push for a project to install the country’s first commercial-scale carbon capture storage facilities in a gas field in the East Sea as part of efforts to achieve its carbon neutrality goal, the industry ministry said Thursday. The project is meant to capture carbon dioxide from [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea will invest 1.4 trillion won (US$1.18 billion) by 2030 to develop technologies to capture and store carbon dioxide in a move to achieve its carbon neutrality goal, the industry ministry said Wednesday. The country vowed to cut greenhouse gas emissions by 40 percent from 2018 levels by [...]