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 [...]
SEOUL, July 6 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean oil refiner, opened on Monday a secondhand transactions platform dubbed ‘Blue Market’ within its bonus card application ‘Blue.’ Without the need for separate authentication and procedure, members can trade secondhand goods at Hyundai Oilbank’s 352 direct-run gas stations across the country. The [...]
SEOUL, July 1 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest airline, on Wednesday signed a memorandum of understanding with major oil refiner Hyundai Oilbank Co. for the establishment of an eco-friendly aviation fuel ecosystem. Bio-aviation fuel that is composed of grains, plant material, seaweed or animal fats can reduce carbon emissions by [...]
SEOUL, June 15 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean oil refiner, is set to expand its blue hydrogen business by establishing infrastructure for the collection and reuse of the entire amount of carbons generated during the hydrogen production process. Blue hydrogen features lower carbon emissions by capturing and storing carbon dioxide [...]
SEOUL, June 14 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean oil refiner under Hyundai Heavy Industries Group, plans to list its shares on the country’s bourse next year, its parent company said Monday. The decision for Hyundai Oilbank’s initial public offering (IPO) was made during its board meeting, according to Hyundai Heavy [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean refiner, said Tuesday it will work with Air Products & Chemicals Ltd., the world’s leading hydrogen supplier, to develop hydrogen technology and business models. Hyundai Oilbank and Air Products signed a memorandum of understanding for cooperation in producing hydrogen and its applications [...]
SEOUL, March 30 (Korea Bizwire) — Hyundai Oilbank Co., a major refiner in South Korea, said Monday that it will take the initiative to expand the scope of its eco-friendly management practices, including boosting investment in eco-friendly facilities. The company announced it would establish solar power generation facilities at idle spaces inside its logistics centers [...]
SEOUL, Jul. 3 (Korea Bizwire) — Hyundai Oilbank Co., a refining unit of Hyundai Heavy Industries Group, said Wednesday it will invest 260 billion won (US$221 million) to beef up its petrochemicals production. Hyundai Oilbank said its affiliate Hyundai Chemical Co. will chip in 100 billion won to expand its production of mixed xylene, a [...]
SEOUL, Sep. 2 (Korea Bizwire) – Hyundai Oilbank, a Korean petroleum and refinery company, announced on August 31 that it partnered with the United Nations Environment Program National Committee for the Republic of Korea (UNEP Korea) to hold the “2014 Focus on Your World” award for the environment photograph contest at Sejong Center on the 31st. [...]