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 [...]
SEOUL, Oct. 6 (Korea Bizwire) — SK E&S Co., the energy unit of South Korean conglomerate SK Group, said Wednesday it will team up with U.S. fuel cell maker Plug Power Inc. to make a foray into the Asian hydrogen market. The two companies struck a deal to establish a 51:49 joint venture company, nine [...]
SEOUL, Oct. 5 (Korea Bizwire) — Businesses are speeding up competition in the hydrogen industry as they set up new corporations or engage foreign businesses. Doosan Group recently established Doosan H2 Innovation, a new corporation that will be in charge of developing solid oxide fuel cells (SOFC). The group also plans to reorganize the R&D [...]
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 [...]
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 [...]
SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean companies are betting big on hydrogen across sectors as they strive to shift from carbon-intensive businesses to a more sustainable model and capture new opportunities in the emerging energy sector. Hydrogen can offer solutions in fields ranging from transport to energy storage as an alternative to [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. said Thursday it will produce separators for fuel cells and develop other essential parts to diversify its hydrogen business portfolio. The refinery unit of shipbuilding giant Hyundai Heavy Industries Holdings said it will establish the fuel cell separator facility in Seosan, about 120 [...]