SEOUL, Oct. 7 (Korea Bizwire) – Hyundai Motor Company announced on October 6 that cumulative sales of its hydrogen-powered electric bus, the Elec City FCEV, have exceeded 1,000 units. As of last month, total sales reached 1,032 vehicles, a significant milestone for the automotive giant’s eco-friendly public transportation initiative. The Elec City FCEV, introduced in 2019, represents [...]
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 23 (Korea Bizwire) – Hyundai Motor Company’s shares surged 9% on May 22 as the automaker showcased its ambitions in hydrogen-powered vehicles and clean transportation systems at an industry expo in Las Vegas. The company’s stock closed at 277,000 won, rising 24,000 won or 9.49% from the previous day’s close. In late trading, Hyundai’s [...]
SEOUL, Apr. 4 (Korea Bizwire) – In a groundbreaking move towards sustainable energy, Seoul and the city of Yeongcheon in North Gyeongsang Province are set to embark on innovative projects to produce hydrogen from biogas. These initiatives aim to transform organic waste, such as livestock manure, food waste, and sewage sludge, into a renewable energy source, [...]
Carbon intensity regulation to make or break global low-carbon hydrogen market Exporters and developers need to consider full value chain emissions associated with hydrogen, says new WoodMac report BEIJING/LONDON/HOUSTON, 15 February 2024 (Korea Bizwire) – The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to invest approximately 16.6 billion won this year to facilitate the distribution of 102 hydrogen fuel cell cars and 42 hydrogen buses, enhancing the city’s green mobility initiatives. Starting from February 13, the city will begin accepting applications for hydrogen car purchase support. [...]
Highlights First hydrogen and graphite production from CDP successfully achieved. Ramp up of operation to continue through H1 2024 leading to continuous production. World’s first commercial-level demonstration of Hazer methane pyrolysis technology producing clean hydrogen and graphite. PERTH, Australia, Jan. 31, 2024 (Korea Bizwire) — Hazer Group Ltd (“Hazer” or “the Company”) (ASX: HZR), a [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Thursday it will reveal its future blueprint for hydrogen energy, software and artificial intelligence at next month’s CES 2024. Hyundai Motor shared a teaser image for its media event scheduled to be held Jan. 8 at the Mandalay Bay Convention Center [...]
SEJONG, Nov. 24 (Korea Bizwire) — South Korea’s industry ministry said Friday it plans to closely monitor the supply of hydrogen for automobiles amid supply disruptions in the central region. The government hosted a meeting with officials from hydrogen producers, retailers and regional governments to address the ongoing shortage, according to the Ministry of Trade, [...]
SUWON, Sept. 1 (Korea Bizwire) — The Gyeonggi provincial government said Thursday it will establish a compact hydrogen city, aiming to achieve carbon neutrality while boosting the local economy. The provincial government intends to issue a public invitation to cities and counties, urging their participation in the hydrogen energy self-sufficiency city project. This call for [...]