SEOUL, Jun. 18 (Korea Bizwire) — Chang Jae-hoon, president and CEO of Hyundai Motor Co., has been named co-chair of the Hydrogen Council, a global corporate initiative with a united vision for hydrogen adoption for a clean energy transition, according to the company Tuesday. Chang will join Sanjiv Lamba, CEO of Linde plc, to lead [...]
SEOUL, Jun. 14 (Korea Bizwire) — Exports of hydrogen-powered fuel cell electric vehicles (FCEVs) plunged more than 70 percent on-year during the first five months of 2024, industry data showed Friday. According to data from the Korea Automobile Manufacturers Association, the number of hydrogen-powered FCEVs shipped overseas during the January-May period reached 60 units, down [...]
SEOUL, Jun. 11 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power Co. (KHNP) said Tuesday it has begun the construction of a tritium removal facility for a nuclear power plant in Romania. KHNP won the 260 billion-won (US$188 million) project last year at the Cernavoda Nuclear Power Plant, some 170 kilometers east of [...]
SEOUL, May 31 (Korea Bizwire) — South Korea plans to build up to three new nuclear reactors by 2038 in line with efforts to cut carbon emissions and meet the growing electricity demand, officials said Friday. The plan, which will run from 2024 to 2038, comes under the biennial energy blueprint submitted by a group [...]
SEOUL, May 31 (Korea Bizwire) – Hyundai Engineering & Construction has commenced construction on a large-scale hydrogen production facility based on water electrolysis in the renewable energy complex of Buan County, North Jeolla Province. The groundbreaking ceremony on May 30 marked the beginning of the construction phase for this significant project. The event was attended by [...]
SEOUL, May 16 (Korea Bizwire) – HD Hyundai, a major South Korean shipbuilder, is accelerating its foray into the offshore wind industry by establishing an overseas manufacturing base. The company has decided to lease a portion of the land and facilities at the Subic Shipyard in the Philippines, aimed at expanding its production of offshore wind [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s industry ministry on Friday discussed potential cooperation in renewable energy projects with Kyrgyzstan, aiming to strengthen partnerships and explore joint opportunities. Industry Minister Ahn Duk-geun met his Kyrgyz counterpart Taalaibek Ibraev in Seoul to seek broader bilateral cooperation in the energy sector, according to the Ministry of [...]
SEOUL, May 9 (Korea Bizwire) – In a groundbreaking achievement, Hyosung Heavy Industries has successfully commercialized the world’s first hydrogen engine power generator, a crucial product for developing next-generation carbon-free power solutions. Since mid-April, Hyosung has initiated full operations of a 1-megawatt hydrogen engine power generator installed at Hyosung Chemical’s Yongyeon 2 plant in Ulsan, South [...]
JEJU, Apr. 29 (Korea Bizwire) – Researchers in South Korea are exploring a promising approach to make carbon capture and utilization (CCU) technology more environmentally friendly by powering the energy-intensive process with electricity instead of fossil fuels. At a symposium held on April 25 at the Jeju International Convention Center by the Korean Institute of Chemical [...]
SEOUL, Apr. 17 (Korea Bizwire) — South Korean shipbuilding giant HD Hyundai Heavy Industries Co. said Wednesday that it has signed a deal with two Scottish economic development agencies on cooperation in the floating offshore wind sector. The memorandum of understanding calls for HD Hyundai Heavy Industries to share its knowhow on the design and [...]