SEOUL, May 14 (Korea Bizwire) — South Korea’s leading oil refinery has introduced drone inspection techniques to inspect crude oil storage tanks. SK Energy Co. said Wednesday it will conduct inspections of its 86-meter-high crude oil storage tanks at its key production hub, Ulsan CLX plant, with drones, not company employees. “Drone tests have not [...]
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, Aug. 9 (Korea Bizwire) — GS-Caltex Corp., the second-largest refiner in South Korea, said Thursday that it will invest 2.6 trillion won (US$2.3 billion) to build an olefins plant in the southern part of the country. The mixed feed cracker in Yeosu will have an annual production capacity of 700,000 tons of ethylene and [...]
SAN FRANCISCO and ABERDEEN, Scotland, Dec. 6 (Korea Bizwire) — Siluria Technologies, a leader in developing disruptive process technologies for the petrochemical and energy industries, and Wood (WG.L), a global leader in the delivery of project, engineering and technical services to energy and industrial markets, announce the availability of the ModusTM process technology for petroleum [...]
SEOUL, Aug. 7 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major South Korean builder, said Monday that it has clinched a US$963 million deal to build process units of refinery facilities in Oman. Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain [...]
SEOUL, Jan. 24 (Korea Bizwire) – Those in the IT and refinery industries here are expected to receive hefty bonuses after their firms enjoyed a record year in terms of sales and profit, market observers said Tuesday. Many are expected to be paid as much as half their annual salary in one-time incentive pay, they [...]