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Korea Shipbuilding Develops Waste Heat-derived LNG Fuel Supply System

Korea Shipbuilding Develops Waste Heat-derived LNG Fuel Supply System

SEOUL, June 24 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Thursday that it and its affiliate Hyundai Heavy Industries Co. have received approval in principle from Norwegian-German ship quality assurance society DNV and Britain’s Lloyd’s Register for their new liquefied natural gas (LNG) fuel supply system. The newly-developed system, dubbed Hi-eGAS (Hyundai [...]

S. Korea Contemplating Sharing LNG with Europe amid Ukraine Crisis

S. Korea Contemplating Sharing LNG with Europe amid Ukraine Crisis

SEOUL, Feb. 20 (Korea Bizwire) — South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday. “The government is seriously contemplating supporting Europe should the situation aggravate in Ukraine and create difficulties in the supply of natural gas,” [...]

Hyundai Oilbank to Build Eco-friendly Power Plant Fueled by LNG, Blue Hydrogen

Hyundai Oilbank to Build Eco-friendly Power Plant Fueled by LNG, Blue Hydrogen

SEOUL, Dec. 24 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. announced that it will invest a total of 400 billion won (US$337 million) to build an eco-friendly power plant fueled by both liquid natural gas (LNG) and blue hydrogen. Blue hydrogen is produced from natural gas and produces less CO2 The power plant [...]

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 [...]