SEOUL, July 7 (Korea Bizwire) — The Korea H2 Business Summit, a hydrogen council established primarily by major companies such as Hyundai Motor, SK and POSCO, on Wednesday set up a fund to promote the hydrogen industry. The fund worth 500 billion won (US$383 million) will be established via investments from domestic member companies and [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Motor Co. has teamed up with South Korean and Czech hydrogen associations and private hydrogen-related enterprises in both countries to establish a hydrogen industrial foundation in the Czech Republic. The carmaker and its logistics unit Hyundai Glovis Co. on Tuesday (local time) signed a memorandum of understanding with [...]
SEOUL, June 10 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major South Korean builder, said Thursday it had been selected as the main research and development institution in charge of the national project in the Ministry of Science and ICT’s carbon capture and utilization field. This project aims to optimize and demonstrate a [...]
LATHAM, N.Y., June 8 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, will build a 35-tons-per-day green hydrogen generation plant at Port of Antwerp-Bruges in the heart of Europe. Plug signed a 30-year concession agreement to build the plant at the Belgian port, the [...]
SEOUL, June 3 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate, said Thursday it will establish a joint venture with SK Gas Co., a liquefied petroleum gas (LPG) importer and distributor, for power generation with by-product hydrogen and hydrogen-powered transportation. The joint venture will be established in the third quarter of this [...]
SEOUL, June 1 (Korea Bizwire) — SK E&S Co., the energy unit of South Korean conglomerate SK Group, has teamed up with U.S-based hydrogen fuel cell maker Plug Power Inc. to supply clean, green hydrogen. SK Plug Hyverses, a joint venture between the two companies, said Tuesday it inked a deal with South Korea’s state-run [...]
LATHAM, N.Y., May 17 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has been awarded an order to deliver a one gigawatt (GW) electrolyzer to hydrogen company H2 Energy Europe. Planned for a green hydrogen production complex in Denmark, this is the largest capacity electrolyzer [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it is participating in America’s Advanced Clean Transportation Expo 2022 for the first time. At the Expo, held from Monday to Thursday, Hyundai will introduce the Xcient fuel cell truck and offer test drive programs. The carmaker will also be invited to speak at [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s state utility Korea Electric Power Corp. (KEPCO) has launched an initiative to create a hydrogen ecosystem, including the commercialization of hydrogen and ammonia power generation, through a collaboration with private companies. KEPCO recently signed a memorandum of understanding with Lotte Chemical Corp. and POSCO Holdings Inc. to expand cooperation [...]
SEOUL, April 26 (Korea Bizwire) — South Korea plans to invest 397.5 billion won (US$318 million) in building charging stations for electric and hydrogen-powered vehicles this year in an effort to foster the next-generation car industry, a senior government official said Tuesday. The government also plans to focus on building the infrastructure and developing technology [...]