SEOUL, Dec. 22 (Korea Bizwire) — Hyundai Engineering Co., a plant engineering affiliate of Hyundai Motor Group, is making a foray into the high-purity clean hydrogen production business using waste plastics as resources, as part of efforts to diversify its business towards eco-friendly energy production. The company announced on Tuesday that it will step into [...]
SEOUL, Dec. 8 (Korea Bizwire) — SK Gas Co., a key energy unit of South Korea’s No. 3 conglomerate SK Group, said Wednesday it has invested in a U.S. startup that has the original decarbonizing technology to produce clean hydrogen, as part of efforts to advance its transition to clean energy. SK Gas did not [...]
POHANG, Nov. 26 (Korea Bizwire) — POSCO unveiled a plan to set up infrastructure for the supply of hydrogen in Pohang, North Gyeongsang Province where its steel mill is located, as well as to shift the transport of steel products from diesel trucks to hydrogen vehicles. The South Korean steel giant on Wednesday signed a [...]
DAEJEON, Nov. 26 (Korea Bizwire) — The Korea Institute of Machinery and Materials said Thursday that it has developed a 5-kilowatt hydrogen fuel engine that can power heavy lift industrial drones. The newly-developed engine supplies hydrogen fuel using the direct spray method while optimizing engine parameters such as ignition and spray. The hydrogen engine has [...]
SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Motor Co. has introduced a compensation program for owners of the hydrogen fuel cell electric vehicle Nexo, 15,000 units of which have been recalled since August for quality defects. It recently notified Nexo owners that it has decided to introduce a ‘buy-back’ program for used cars.. The company [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Tuesday it has signed a deal with Air Products on establishing a global hydrogen supply chain. Under the contract, Hyundai Glovis will cooperate with the world’s top hydrogen maker on building up a domestic supply chain for liquid [...]
CHANGWON, Oct. 14 (Korea Bizwire) — Korean researchers have developed new technology that can ensure the safe long-term storage of gaseous hydrogen by liquefying it at an extremely low temperature of -253 degrees Celsius. The Korea Electrotechnology Research Institute said Wednesday that it had developed ‘Zero Boil-Off’ technology that enables long-term storage and production of [...]
HOUSTON and LATHAM, N.Y, Oct. 13 (Korea Bizwire) – Phillips 66 (NYSE: PSX) and Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced that the companies have signed a memorandum of understanding to collaborate on the development of low-carbon hydrogen business opportunities. Phillips 66, which has 13 wholly [...]
SEOUL, Oct. 13 (Korea Bizwire) — SK Inc., the holding company of South Korean conglomerate SK Group, said Wednesday it has signed an initial deal with a U.S. hydrogen maker to set up a joint venture as part of efforts to bolster its clean energy business. The memorandum of understanding (MOU), signed with Monolith Materials [...]
LATHAM, N.Y., Oct. 6 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and SK E&S, part of South Korea’s SK Group, announced today that the companies have formed a joint venture designed to accelerate the use of hydrogen as an alternative energy source in [...]