SEOUL, June 26 (Korea Bizwire) — South Korean refiners are jacking up investment in the burgeoning hydrogen market to secure their place in a world shifting away from fossil fuels and to get ahead of the next big change in the energy industry. Hydrogen, which burns clean when mixed with oxygen in a fuel cell, [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Group is on its way toward an all-electric future by adopting a two-track strategy to deliver batteries for both electric and hydrogen fuel cell vehicles, hoping to expand its presence in the growing eco-friendly car market. The world’s fifth-largest carmaker is one of the few industry players [...]
BUSAN, June 11 (Korea Bizwire) — A new device has been developed that can produce hydrogen using seawater batteries. The device is expected to contribute to the development of a hydrogen-fueled ship. The state-run Korea Institute of Ocean Science & Technology announced on Thursday that it had developed a seawater battery-based hydrogen production device by [...]
SEOUL, June 10 (Korea Bizwire) — The heads of South Korea’s four major conglomerates met Thursday to discuss ways to set up a consultative body on hydrogen in a move that underscored their commitment to fostering the clean energy source. Hyundai Motor Group Chairman Chung Euisun met with SK Group Chairman Chey Tae-won, POSCO Chairman [...]
SEOUL, June 3 (Korea Bizwire) — SK Corp., the holding company of SK Group, said Thursday it has made a strategic investment in Monolith Materials Inc., an American hydrogen company, to ramp up its clean energy business. The holding firm of South Korea’s No. 3 conglomerate said it has signed a deal to acquire stakes [...]
BISMARCK, N.D. and LAKE MARY, Fla., June 2 (Korea Bizwire) — Bakken Energy, LLC, formerly Bakken Midstream Natural Gas, LLC, (Bakken Energy) and Mitsubishi Power Americas, Inc. (Mitsubishi Power) have signed a strategic partnership agreement to create a world-class clean hydrogen hub in North Dakota. This hub will be composed of facilities that produce, store, [...]
SEOUL, May 28 (Korea Bizwire) – South Korea’s leading steelmaker POSCO has joined hands with Orsted A/S, the world’s largest offshore wind power producer in the areas of offshore wind power and green hydrogen production. The two parties recently signed a memorandum of understanding (MOU) to promote a comprehensive partnership with a focus on domestic [...]
SEOUL, May 17 (Korea Bizwire) — On a quest to accelerate hydrogen mobility-related business, Hyundai Motor Co. is taking one more step towards improving public awareness of the transition towards a hydrogen society. In collaboration with the U.S. media company Bloomberg L.P., Hyundai Motor Group has operated the H2 Economy Campaign since 2019. The campaign [...]
SEOUL, May 13 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has signed a deal with Korea Hydro & Nuclear Power Co. (KHNP) to cooperate on hydrogen-related business. Under the deal, Doosan Heavy and nuclear power plant operator KHNP will develop technologies to produce and [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s top power-equipment maker Doosan Heavy Industries & Construction Co. said Thursday that it has teamed up with a local company to produce hydrogen from waste plastic and vinyl as part of its efforts to diversify its business portfolio. Doosan Heavy said it will extract hydrogen from gas [...]