Industry

  • S. Korea agrees to build renewable energy power generation facilities for Philippine defense ministry
    S. Korea agrees to build renewable energy power generation facilities for Philippine defense ministry This file image shows an energy storage system (ESS) facility. SEOUL -- South Korean companies will participate in a project to help ease power shortages by building renewable energy power generation facilities with a total capacity of 100MW at idle sites in the complex of the Philippines' defense ministry. The Ministry of Trade, Industry and Energy said it signed an agreement in Seoul on Friday to implement cooperation between South Korea and the Philippines on October 25, 2019
  • Three urban areas to be selected for establishment of hydrogen fuel ecosystem
    Three urban areas to be selected for establishment of hydrogen fuel ecosystem SEOUL -- South Korea will have three urban areas based on a state-funded full hydrogen fuel ecosystem equipped with production, storage and transport by 2022 in an effort to speed up a campaign aimed at utilizing hydrogen as a new power source. The Ministry of Land, Infrastructure and Transport said Thursday that three sites would be selected in December from an urban area of up 10 square kilometers (1,000 hectares) to build inf October 10, 2019
  • Hyundai auto group partners with domestic company to recycle old EV batteries in energy storage system
    Hyundai auto group partners with domestic company to recycle old EV batteries in energy storage system SEOUL -- In an effort to accelerate the diversification of its business portfolio into renewable energy, South Korea's Hyundai auto group will carry out a joint project with OCI, a domestic chemical product maker, to recycle old batteries for electric vehicles in an energy storage system for solar power generation. The Hyundai Motor Group and OCI signed a memorandum of understanding on Monday to explore business models that link solar power with an energy storage system September 9, 2019
  • SK Energy to issue green bonds worth $251 mln for desulfurization facility
    SK Energy to issue green bonds worth $251 mln for desulfurization facility SEOUL -- SK Energy, a major South Korean energy company which produces petroleum products, will issue green bonds worth 300 billion won ($251 million) in September to raise funds for the construction of facilities to produce low-sulfur fuel oil for ships. Demand for low-sulfur fuel oil is expected to surge due to new environmental regulations. SK Energy, an arm of South Korea's SK Group, said it would consider expanding the size of green bonds to 500 billion won, d September 9, 2019
  • Researcher localize technologies to produce high purity hydrogen
    Researcher localize technologies to produce high purity hydrogen A file picture shows a charging station for fuel cell vehicles. SEOUL -- South Korea's state-run energy research institute has localized key technologies that can produce high purity hydrogen from synthetic gases including natural gas and biomass. Researchers hope their technology will play an important role in hydrogen production and refining. The Korea Institute of Energy Research (KIER) said its research team led by Ryi Shin-kun has succeeded in implementing an electroless plating met August 20, 2019
  • LS Industrial establishes DC ecosystem on remote island with renewable energy
    LS Industrial establishes DC ecosystem on remote island with renewable energy SEOUL -- LS Industrial Systems, a top electric cable manufacturer in South Korea, has completed a project to create a direct current (DC) eco-system on a remote island by using renewable energy with the aim of eliminating chronic power shortages in isolated areas and preempting key technologies, LS Industry and KEPRI, a research unit of South Korea's state utility Korea Electric Power Corp. (KEPCO), launched the project in June 2016 August 19, 2019
  • State gas company issues $500 mln sustainability bonds with 10-year maturity
    State gas company issues $500 mln sustainability bonds with 10-year maturity SEOUL -- Korea Gas Corp. (KOGAS) has raised $500 million by issuing sustainability bonds, becoming the first public company in South Korea to issue ESG (environmental, social and governance) bonds with a 10-year maturity. Sustainability bonds are floated to exclusively finance a combination of green and social projects. KOGAS said that it dew a high response from investors during a roadshow as a leading public company which plays a key role in supporting South Korea's July 10, 2019
  • SK groups holding company invests $150 mln in U.S. shale gas business
    SK group's holding company invests $150 mln in U.S. shale gas business SEOUL -- The holding company of South Korea's SK Group agreed to invest $150 million in Blue Racer Midstream, LLC, an American natural gas gathering and processing company, to increase its clout in the growing U.S. shale energy market. SK Holdings said Thursday that the investment would be made through its American subsidiary, Plutus Capital, to acquire a stake in Blue Racer Midstream, which develops and delivers midstream infrastructure and services related to natural gas gathering March 28, 2019
  • Power plant operator launches experiment project to build solar roads
    Power plant operator launches experiment project to build solar roads SEOUL -- An experimental road was installed outside a South Korean power station in a project to develop solar roads that can automatically charge wirelessly while an electric vehicle is running. Korea South-East Power said Tuesday that high-performance solar modules developed by SolarFLEX have been installed on a small section of roads outside a coal-fired power station in Yeongheung. SolarFLEX provided second-generation thin-film copper indium gallium selenide (CIGS March 26, 2019
  • Foreign and domestic firms jump into floating wind farm project off Ulsan
    Foreign and domestic firms jump into floating wind farm project off Ulsan SEOUL -- Four South Korean and foreign teams jumped into a project to build a complex of floating wind farms through cooperation with the southeastern industrial port city of Ulsan which has been actively involved in green energy programs with government support. A memorandum of understanding, signed in the office of Ulsan City Mayor Song Chul-ho on Thursday, calls for cooperation between Ulsan City and private investors for the creation, operation and management of floating o January 24, 2019