SEOUL, June 25 (Korea Bizwire) – Hyundai Engineering & Construction Co. has signed an agreement with Saudi Arabia’s state oil company Aramco to build a mega petrochemical plant in the east of the Middle Eastern country, Seoul’s land ministry said Sunday. The US$5 billion Amiral project aims to establish a facility to manufacture basic petrochemical [...]
SEOUL, March 3 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH) said Wednesday that it has signed a deal with Saudi Arabia’s state-run oil firm Saudi Aramco to cooperate on a hydrogen project. Under the deal, Hyundai Oilbank Co., HHIH’s refining unit, will import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue [...]
SEOUL, Sept. 28 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has shipped four hydrogen-powered vehicles to an energy company in the Middle East, paving the way for further exports of the eco-friendly vehicles. Hyundai shipped two Nexo hydrogen fuel cell electric vehicles and two Elec City hydrogen buses to [...]
SEOUL, Jun. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Wednesday it has signed an initial pact with Saudi Arabia’s national oil company, Saudi Aramco, to cooperate on hydrogen energy. On Tuesday, Hyundai Motor Executive Vice Chairman Chung Euisun signed a memorandum of understanding with Ahmad A. Al-Sa’adi, senior vice president [...]
SEOUL, Jun. 26 (Korea Bizwire) — S-Oil Corp., a major refiner in South Korea owned by Saudi Aramco, said Wednesday it has completed the construction of petrochemical production facilities in South Korea, which will help further raise its presence in the non-refining business field. In 2015, S-Oil, the third-largest refining firm in the country, started [...]
SAN FRANCISCO, Jun. 13 (Korea Bizwire) — Saudi Aramco Technologies Company, a subsidiary of the world’s largest oil company, and Siluria Technologies, a leader in disruptive process technologies for the petrochemical and energy industries have executed a multi-plant technology license for the integration of Siluria’s proprietary technology (natural gas to olefins) with Saudi Aramco’s high-olefins [...]
SEOUL, Apr. 11 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Wednesday it has signed a memorandum of understanding (MOU) with Saudi Aramco, the world’s largest crude exporter, to enhance bilateral cooperation in energy, trade, investment and other fields. KOTRA said it expects the MOU signed at KOTRA’s headquarters in southern Seoul on [...]
SEOUL, Jul. 5 (Korea Bizwire) — Hyundai Heavy Industries Co., a major shipyard here, said Wednesday that it has signed a memorandum of understanding with Saudi Aramco and others to build a plant in Saudi Arabia that will make engines used for ships and power generation. The Hyundai Heavy-Aramco consortium will spend US$400 million to [...]
SEOUL, Jan. 20 (Korea Bizwire) – Hanjin Energy Co. has sold all of its stake in South Korean refiner S-Oil Corp to Saudi Aramco’s overseas unit, the refiner said Tuesday, in a deal aimed at easing financial troubles at the energy firm’s parent company.The stake sale came six months after Hanjin Energy, an affiliate owned [...]