BUSAN, Oct. 28 (Korea Bizwire) — A cryogenic logistics center using liquid natural gas (LNG) cold heat will be set up in the southern port city of Busan. EMP Belstar, a U.S.-based cold chain logistics centers operator, on Wednesday signed a business agreement with the Busan metropolitan government and the Busan-Jinhae Free Economic Zone Authority [...]
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 [...]
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 [...]
SEOUL, March 30 (Korea Bizwire) — SK E&S Co., the natural gas provider under SK Group, said it will invest 1.6 trillion won (US$1.4 billion won) over the next five years to develop an Australian gas field for the stable supply of liquefied natural gas (LNG). SK E&S said it approved the investment plan to [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]