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Doosan Heavy wins $185 mln order to build waste-to-energy plant in Poland SEOUL -- Doosan Heavy Industries & Construction, a key contractor in South Korea's energy industry, has clinched a deal worth 220 billion won ($185 million) to build a new waste-to-energy plant at Olsztyn, Poland, that will convert residual waste into energy. Doosan Heavy formed a consortium with its Germany subsidiary Doosan Lentjes, formerly known as AE&E Lentjes, to win the order from Dobra Energia, a special purpose company involved in a August 12, 2020
Seoul mayor proposes ban on new registration of internal combustion engines from 2035 SEOUL -- Seoul, the South Korean capital with a population of 9.74 million, proposed a ban on the new registration of any internal combustion engine vehicles from 2035 under the so-called Green New Deal aimed at reducing greenhouse gases. "Quantitative growth centered on efficiency is no longer valid," Seoul Mayor Park Won-soon said. "We will push ahead with the Seoul version of Green New Deal, a future strategy for the survival of ourselves, the earth, and July 8, 2020
LG Chem pushes for RE100 initiative to reduce carbon emissions SEOUL -- LG Chem, a petrochemical and battery-making arm of South Korea's LG Group, will push for Renewable Energy 100 (RE100) in all its operations around the world and curb carbon emissions to 10 million tons by 2050. RE100 is an initiative seeking to source 100 percent of electricity consumption from renewables and accelerate change towards zero-carbon grids. Considering its current business growth, LG Chem's carbon emissions are expected to reach about 40 mil July 6, 2020
S. Korean energy company constructs eco-friendly 8 megawatt-class solar power plant SEOUL -- E1, a South Korean energy company, has built its first megawatt-class solar power plant in a bid to become a competitive player in the country's growing eco-friendly energy production market. E1 said in a statement that it has built an eight megawatt-class solar power plant over an area of 69,166 square meters in Jeongseon some 150 kilometers (93 miles) east of Seoul. The power plant using solar panels will generate electricity for some 2,900 households. A 21.2 m June 22, 2020
SK Energy adopts smart drone surveillance system to check safety hazards of oil storage SEOUL -- SK Energy, a top oil company in South Korea, has adopted a smart drone surveillance system to monitor safety hazards such as cracks on the exterior of sports dome-sized oil reservoirs instead of human inspectors who have to climb gigantic structures. Oil companies that have huge oil storage facilities are required to carry out safety inspections every five or six years to see if oil tanks are safe from structural degradation or damage. It normally costs 900 mi May 13, 2020
S. Korea launches task force for early commercialization of home-made gas turbine SEOUL -- To cope with a global shift to eco-friendly energy, South Korea launched a task force of private companies, state bodies and research institutes to push for the early commercialization and localization of gas turbines for power generation, based on a prototype developed by Doosan Heavy Industries & Construction. The task force was formed on Thursday at a meeting hosted by the Ministry of Trade, Industry and Energy. Team members include Doosan February 13, 2020
SK Chemicals sells bioenergy business to private equity fund SEOUL -- SK Chemicals sold its bioenergy business division to Hahn & Co., a private equity investment firm in South Korea, in a deal worth about 380 billion won ($320 million) to secure funds for new projects and focus on eco-friendly materials and life science. SK Chemicals said Wednesday in a regulatory filing that the decision to sell its business division which produces bio-diesel and bio-heavy oil was made to focus "our capabilities on core projects an February 5, 2020
SK Energy ready to produce low-sulfur fuel oil for ships in late March SEOUL -- SK Energy, a major energy company in South Korea, is ready to produce low-sulfur fuel oil for ships as the construction of its desulfurization plant has been completed. The company said commercial production is possible in late March after a two-month test operation. With an investment of more than 1 trillion won ($840 million), SK Energy completed the construction of vacuum residue desulfurization (VRDS) facilities in late January in the southeastern industrial ci February 3, 2020
[FOCUS] Nuclear plant operators allowed to build new storage facilities for spent fuel A file picture shows a nuclear power plant in Wolseong. SEOUL -- The construction of additional facilities to store spent fuel from the operation of nuclear power plants won approval from South Korea's nuclear safety agency, nearly four years after operators applied for permission, amid a never-ending debate over the reprocessing of nuclear waste. The belated greenlight came on Friday in a split decision by the Nuclear Safety and Securi January 10, 2020
KOGAS leads consortium to push for energy infrastructure project in Vietnam SEOUL -- Korea Gas Corp., a state energy company in South Korea, agreed with two domestic companies to push for an energy infrastructure project to build gas power stations and LNG terminals in Vietnam, which has stepped up the construction of power plants to ease its perennial energy shortfall. Korea Gas Corp. (KOGAS) said Thursday that it agreed to form a consortium with Korea Southern Power, a power generation company, and Hanwha Energy. KOGAS will take charg December 19, 2019