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SK Innovation to Replace Refinery’s Bunker C Oil Boilers with Eco-friendly LNG Boilers

SK Innovation to Replace Refinery’s Bunker C Oil Boilers with Eco-friendly LNG Boilers

SEOUL, April 15 (Korea Bizwire) — SK Innovation Co. said Wednesday that it will replace the boiler fuel at its Ulsan refining complex, the nation’s first oil refinery, with eco-friendly liquefied natural gas (LNG) fuel starting from July. Since 2019, the refinery-and-battery unit of SK Group has invested a total of 69 billion won (US$61.8 [...]

POSCO Buys 64,000 Tons of Carbon-neutral LNG to Fulfill ESG Vows

POSCO Buys 64,000 Tons of Carbon-neutral LNG to Fulfill ESG Vows

SEOUL, March 30 (Korea Bizwire) — South Korean steelmaker POSCO announced Monday that it had recently purchased approximately 64,000 tons of carbon-neutral liquified natural gas (LNG). Carbon-neutral LNG emits zero carbon by canceling all carbon dioxide emitted throughout all phases of production and supply of natural gas with carbon credits earned through forestry or other [...]

POSCO’s LNG-powered Bulk Carrier Successfully Completes Maiden Voyage

POSCO’s LNG-powered Bulk Carrier Successfully Completes Maiden Voyage

SEOUL, Jan. 22 (Korea Bizwire) – South Korean steelmaker POSCO announced on Thursday that the world’s largest liquid natural gas (LNG)-fueled bulk carrier has successfully completed its maiden voyage. POSCO’s eco-friendly bulk carrier HL Green arrived at the terminal of its steel mill in Gwangyang, 420 kilometers southwest of Seoul, after departing from Mokpo in [...]

Naming Ceremony Held for S. Korea’s First LNG-powered Twin Ore Carriers

Naming Ceremony Held for S. Korea’s First LNG-powered Twin Ore Carriers

SEOUL, Dec. 11 (Korea Bizwire) — South Korea has developed the nation’s first-of-its-kind eco-friendly oceangoing vessel that can reduce the generation of fine dust, one of the main culprits of environmental pollution, by up to 99 percent. The Ministry of Oceans and Fisheries held a naming ceremony for the nation’s first liquefied national gas (LNG)-powered [...]

Researchers Announce Development of Hybrid Marine Waste Collection Ship

Researchers Announce Development of Hybrid Marine Waste Collection Ship

BUSAN, Oct. 29 (Korea Bizwire) — A South Korean research team has announced plans to develop an eco-friendly hybrid ship for collecting marine waste floating in the Pacific Ocean. The Hydrogen Ship Technology Center at Pusan National University in Busan said Tuesday that it will carry out a project to develop the eco-friendly ship for [...]

Hyundai Samho Delivers World’s First LNG-powered Container Ship

Hyundai Samho Delivers World’s First LNG-powered Container Ship

SEOUL, Sept. 16 (Korea Bizwire) — South Korean shipbuilder Hyundai Samho Heavy Industries Co. said Wednesday it has delivered the world’s first container ship powered by liquefied natural gas (LNG) to a Singaporean shipping company. The LNG-powered container ship with a capacity of 14,800 twenty-foot equivalent units (TEUs) is one of six ships to be [...]

Nikkiso Cryogenic Industries Group Expands in Russia and Wins Project for LNG Liquefaction Terminal

Nikkiso Cryogenic Industries Group Expands in Russia and Wins Project for LNG Liquefaction Terminal

TEMECULA, Calif., Aug. 5 (Korea Bizwire) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a subsidiary of Nikkiso Co., Ltd (Japan), announces the establishment of their new office in Moscow, Russia, managed by Ayman Zeitoun, Vice President, Russia. The facility will allow us to support LNG and Petrochemical customers in the Russian [...]

Gov’t to Ease Entry Barriers and Regulations to Boost LNG Bunkering Industry

Gov’t to Ease Entry Barriers and Regulations to Boost LNG Bunkering Industry

SEOUL, Aug. 5 (Korea Bizwire) — South Korea will promote the liquefied natural gas (LNG) bunkering industry, which is expected to gain strong growth momentum thanks to tougher international environmental regulations. The Ministry of Trade, Industry and Energy announced that a revised Urban Gas Business Act which includes a newly-created category for LNG bunkering businesses, [...]