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Offshore sites capable of storing 730 mln tons of CO2 available in S. Korea SEOUL -- South Korea can store some 730 million tons of carbon dioxide at offshore storage sites, which are available for obvious use, based on a six-month survey of territorial waters and exclusive economic zones. The survey was conducted as part of a government campaign to achieve net-zero carbon dioxide emissions by 2050 in response to a global agenda for fighting climate change. In a seminar on November 3, the Ministry of Trade, Industry and Energy said that the government would invest up t November 3, 2021
Hyundai works with Doosan Fuel Cell to test hydrogen fuel cells as distributed power source SEOUL -- South Korea's Hyundai auto group joined hands with Doosan Fuel Cell, the clean energy wing of Doosan Group, to verify the role of hydrogen fuel cells as a distributed power source through the test operation of a power generation system for microgrids. Distributed energy systems, which generate and store power near the point of consumption, can accommodate a variety of renewable and alternative energy sources. The fuel cell distributed power generation system was completed on Octobe October 14, 2021
LS Cable secures $168 mln deal to supply cables for Taiwan's offshore wind farm SEOUL -- LS Cable & Systems has secured a deal worth some 200 billion won ($168 million) to supply submarine cables for an offshore wind farm in Taiwan by 2025. The South Korean cable maker would try to secure subsequent orders in Taiwan, which has set aggressive renewable energy targets, with a particular focus on the development of offshore wind power capabilities. LS C&S said it has been selected by CSBC-DEME Wind Engineering (CDWE), a joint ve October 6, 2021
Hanwha Solutions begins syngas production to reduce reliance on foreign products SEOUL -- Hanwha Solutions, a renewable energy service provider affiliated with South Korea's Hanwha Group, has embarked on the commercial production of synthesis gas or known as syngas that has been used to manufacture polyurethane and other materials. The plant would ensure the smooth supply and demand of raw materials for South Korean companies which have relied heavily on imported syngas. Syngas is a fuel gas mixture that can be produced from many sources including n September 15, 2021
SK E&S secures KCE's management rights and 90% stake to bolster ESS business SEOUL -- SK E&S, an energy company affiliated with South Korea's SK Group, secured management rights of Key Capture Energy by acquiring a 95 percent stake in the American developer and operator of energy storage projects and vowed to nurture it as a global leader in the energy solution market. Key Capture Energy (KCE) identifies, develops, constructs and operates energy storage solutions to foster greater deployment of renewable energy. The company aims to have more than September 9, 2021
State power company completes construction of inland wind farm in Jordan SEOUL -- Korea Southern Power, a South Korean state power company specialized in power generation, and DL Energy, a domestic energy infrastructure provider, have completed the construction of an inland wind farm in Jordan, setting a successful example of small and mid-sized companies establishing green energy infrastructure abroad. Korea Southern Power said in a statement on September 8 that the power company and DL Energy have jointly invested a total of 12 September 8, 2021
[INTERVIEW] Eco-friendly fashion brand Pleats Mama hopes to win over consumers with 'story and design' SEOUL -- As a pioneer in South Korea's eco-friendly fashion industry, Pleats Mama utilizes eco-friendly materials and modern knitting techniques to make bags and accessories with recycled polyester fabric. A favorable response from consumers concerned about climate change and plastic pollution spurred the company's initial fast growth, but high costs and greenwashing are seen as a potential stumbling block. Pleats Mama founder and CEO Wang Jong-mi gave posi September 6, 2021
Hanwha Defense steps up efforts to apply defense technology to civilian eco-friendly ships SEOUL -- As a key defense contractor in South Korea, Hanwha Defense will step up efforts to apply accumulated technology, especially in the field of submarine lithium-ion batteries, to civilian eco-friendly ships in cooperation with a domestic maritime classification society. Hanwha Defense said that it has signed a memorandum of understanding with the Korean Register (KR) for technical cooperation to expand the supply of technologies related to eco-friendly ships September 3, 2021
SK Energy to digitally transform domestic logistics company thru eco-friendly solutions SEOUL -- Seeking a business model that can meet demands for the digital transformation of conventional logistics infrastructure into an eco-friendly and sustainable system, South Korea's top oil company SK Energy joined hands with Logisquare, a domestic business-to-business logistics service company. They will add charging infrastructure for electric vehicles and hydrogen fuel cell vehicles at old logistics stations. Digital transformation is a process in which a August 30, 2021
S. Korea develops technique to recycle discarded solar panels into high-performance solar cells SEOUL -- Researchers have developed a non-destructive technique to recycle discarded solar panels to create high-performance solar cells. The technique will become crucial in a few decades when solar panels that are currently being used are discarded after their operational life of about 20 years. A solar panel is a photovoltaic module made of materials such as glass, aluminum, silicon and copper. It uses sunlight as a source of energy to generate direct current electricit August 19, 2021