SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s exports of environment-friendly vehicles jumped 40 percent in 2020 from a year earlier on growing demand for less-emitting cars, the trade ministry said Sunday. Exports of all-electric and hydrogen fuel-cell electric vehicles climbed to US$4.6 billion last year from $3.3 billion a year ago, according to the [...]
CHANGWON, Dec. 29 (Korea Bizwire) – The world’s first hydrogen-powered garbage truck will come into operation in Changwon, 400 kilometers southeast of Seoul, on New Year’s Day. The Changwon city government held a special ceremony on Monday accepting a 5-ton hydrogen-powered garbage truck in front of city hall. Last May, Changwon signed an agreement with [...]
SEOUL, Dec. 16 (Korea Bizwire) — Major South Korean companies in carbon intensive industries are jacking up investment in hydrogen across sectors to cut their greenhouse emissions and capture new business opportunities in the emerging energy sector. Hydrogen can offer solutions in fields ranging from transport to energy storage as an alternative to fossil fuels [...]
PYEONGTAEK, Dec. 16 (Korea Bizwire) — A public hydrogen charging station where the cost of charging hydrogen is about 10 percent cheaper than usual is set to open soon. The Pyeongtaek city government announced that it would launch the commercial operation of a new public hydrogen charging station from next Monday. The city has spent [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean steelmaker POSCO said Sunday it will expand hydrogen production capacity in the next three decades to meet growing demand for the clean energy source and foster new growth drivers. POSCO, the world’s fifth-largest steelmaker by output, said it will produce up to 5 million tons of hydrogen [...]
SEOUL, Dec. 2 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, plans to jump into the fledgling hydrogen industry. The company announced Tuesday that it has established a new task force for hydrogen energy, comprising 20 experts from SK Innovation Co., South Korea’s largest refiner [...]
SEOUL, Nov. 26 (Korea Bizwire) — Another name for Jeju Island is “Samda-do”, meaning “Island of Three Abundances”, since it has lots of rocks, wind, and women. It is no wonder that recently Jeju Island has laid out the ambitious goal of establishing itself as eco-friendly energy mecca in Asia for this reason. According to [...]
DAEJEON, Nov. 25 (Korea Bizwire) — A new technology has been developed that enables next-generation eco-friendly hydrogen fuel to be produced at a lower cost. The state-run Institute for Basic Science announced on Tuesday that it had developed a new catalyst that lasts longer than conventional catalysts, with the unit cost being reduced by 95 [...]
CHANGWON, Nov. 9 (Korea Bizwire) — South Korea’s first liquid hydrogen plant, a facility that produces liquid hydrogen, is set to be established. Power plant builder Doosan Heavy Industries & Construction Co. recently signed an engineering, procurement and construction (EPC) deal for a hydrogen liquefaction project with the South Gyeongsang Provincial Government and the Changwon [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Friday it has sold over 10,000 Nexo hydrogen fuel cell electric vehicles in the domestic market since its launch in early 2018. Hyundai began to sell the Nexo hydrogen model in the local market in March 2018 as it aimed to take the leadership position [...]