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S. Korea Designates More Hydrogen-focused Businesses

S. Korea Designates More Hydrogen-focused Businesses

SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s industry ministry on Monday designated eight additional hydrogen-focused businesses eligible to receive state financial support, in line with the country’s goal to slowly phase out conventional resources and go carbon neutral by 2050. The country launched a new law on promoting the hydrogen economy in February, under [...]

KOGAS Planning Convergence Charging Stations for Hydrogen-powered Buses

KOGAS Planning Convergence Charging Stations for Hydrogen-powered Buses

SEOUL, Sept. 13 (Korea Bizwire) — The state-run Korea Gas Corp. (KOGAS), a major gas supplier in the country, plans to establish convergence charging stations for hydrogen fuel-cell electric buses. Last week, KOGAS signed a shareholder agreement with five companies including railway system and plant equipment maker Hyundai Rotem Co. and construction firm Samsung C&T [...]

Hyundai Construction Equipment to Develop Small-sized Forklifts

Hyundai Construction Equipment to Develop Small-sized Forklifts

SEOUL, Aug. 17 (Korea Bizwire) — South Korean construction machinery maker Hyundai Construction Equipment Co. on Tuesday said it will develop small-sized forklifts to be powered by hydrogen fuel cells. The subsidiary of Hyundai Genuine Co. will team up with S-Fuelcell Co., a local hydrogen fuel cell maker, to commercialize the 1-3 ton forklifts by [...]

POSCO Teams Up with Doosan Heavy to Develop Ammonia Fuel Power Generation Technology

POSCO Teams Up with Doosan Heavy to Develop Ammonia Fuel Power Generation Technology

SEOUL, July 20 (Korea Bizwire) — South Korea’s steel giant POSCO announced on Monday that in collaboration with power plant builder Doosan Heavy Industries & Construction Co., it will develop a new power generation technology using the ammonia synthesized from green and blue hydrogen as a fuel. The two parties, together with the Research Institute [...]

Lotte Chemical to Invest 4.4 tln Won in Hydrogen Business by 2030

Lotte Chemical to Invest 4.4 tln Won in Hydrogen Business by 2030

SEOUL, July 13 (Korea Bizwire) — Lotte Chemical Co., a major South Korean petrochemical company, said Tuesday it will invest 4.4 trillion won (US$3.8 billion) in the hydrogen business by 2030 to cut its carbon emissions and foster the new growth driver. The petrochemical unit of Lotte Group said it aims to generate 3 trillion [...]