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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
Hyundai shipyard wins Maersk's $1.4 bln order to build eight container ships powered by methanol SEOUL -- South Korea's Hyundai shipbuilding group has secured an order from Maersk, the world's largest container shipping line and vessel operator, to build eight container ships powered by methanol, an inflammable liquid which is emerging as a new clean-burning fuel thanks to lower production costs and significantly reduces greenhouse gas emissions. The order worth 1.64 trillion won ($1.4 billion) calls for the delivery of eight 16,000-TEU cont August 25, 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
Fishermen endorse Equinor consortium's offshore wind farm project in S. Korea SEOUL -- Fishermen have endorsed a renewable energy project being pushed by Equinor, a Norwegian state-owned multinational energy company, and South Korea partners to build a 200-megawatt floating offshore wind farm that would use a useless gas platform as a substation to generate electricity. Consent from residents in fishing towns is seen as a prerequisite for state permission. Equinor has formed a consortium with two state companies -- Korea National Oil Corporation August 11, 2021
Hanwha Q Cells takes over French pipeline of green energy projects from RES SEOUL -- Hanwha Q Cells, a renewable energy wing of South Korea's Hanwha Group, secured a springboard for its entry into the wind power market by acquiring the French pipeline of energy projects from Britain's renewable energy company, RES, as demand for green energy grows thanks to concern about climate change and tightened regulations on greenhouse gas emissions. Hanwha Solutions said in a regulatory filing on August 9 that its subsidiary, Hanwha Q Cell August 9, 2021
Equinor's floating offshore wind farm project wins consent from S. Korean fishermen SEOUL -- Equinor, a Norwegian state-owned multinational energy company, has cleared an important obstacle that may hamper the construction of a floating offshore wind farm in South Korea by securing consent from fishermen who have shown a cynical response to the emergence of huge power generation structures in fishing zones. As part of its green energy campaign to expand the use of renewable energy, South Korea is actively pushing for offshore wind farms. Compared to fi August 6, 2021
Hyundai shipyard wins $577 mln order from U.S. oil company to build floating production system SEOUL -- South Korea's Hyundai shipbuilding group has secured an order worth 659 billion won ($577 million) from an unnamed U.S. oil company to build a semi-submersible floating production system for oil and gas production. The system will be installed in an oil field 300 kilometers (186 miles) south of Louisiana in the second half of 2024. Korea Shipbuilding & Offshore Engineering (KSOE) affiliated with the shipbuilding gro August 6, 2021
Oshkosh-Hanwha consortium selected to compete for concept design of new U.S. infantry fighting vehicle SEOUL -- A consortium led by U.S defense contractor Oshkosh Defense and its South Korean partner, Hanwha Defense, has been selected to compete for the concept design of a new armored combat vehicle that would replace the U.S Army's M-2 Bradley infantry fighting vehicle which has seen service since the early 1980s. The Oshkosh-Hanwha team has been selected as one of the five contenders for the concept design phase of the optionally manned fighting vehicle (OMFV July 27, 2021
Hyundai shipyard develops floater model for offshore wind turbine SEOUL -- South Korea's Hyundai shipbuilding group has developed a semi-submersible floater model for a 10-megawatt-class offshore wind turbine in cooperation with two state bodies. It can shorten construction work because a power generation turbine can be loaded onto the floater quickly at the shipyard's pier for transportation to an offshore installation site. Hyundai Heavy Industries (HHI) has partnered with Korean Register (KR), a maritime classification society, July 26, 2021
Researchers develop laser-hybrid welding method for high manganese steel LNG fuel tanks SEOUL -- South Korean researchers have developed a new laser-hybrid welding method that can drastically reduce time to manufacture high manganese steel fuel tanks for liquefied natural gas carriers. The new method combines laser light and an electrical arc into an amalgamated welding process. The state-run Korea Institute of Machinery & Materials (KIMM) said its research team has teamed up with Daewoo Shipbuilding & Marine Engineering (DSME), a major domestic shipbu July 22, 2021