SEOUL, Feb. 9 (Korea Bizwire) — South Korean petrochemical companies said Tuesday they will join the country’s green energy drive, which centers on achieving carbon neutrality by 2050. The country launched a new committee on achieving carbon neutrality under ties with the private sector, according to the Ministry of Trade, Industry and Energy. The Moon [...]
SEOUL, Mar. 4 (Korea Bizwire) — The ‘Roadmap for Stimulating the Hydrogen Economy’, announced by the South Korean government, is at the center of criticism for being unrealistic and based on false market analysis. By-product hydrogen, produced during petrochemical processing, is being seen as a new source of energy for eco-friendly vehicles. The volatile oil [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korean petrochemical companies have since last year been moving to make big investments and diversify their portfolios to prepare for changes in the business environment, including higher oil prices, the energy ministry said Wednesday. Major petrochemical companies are set to hold a meeting in Seoul where they will [...]