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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
Samsung Heavy partners with Bloom Energy to develop fuel cells for ships SEOUL -- In an effort to secure a competitive edge in eco-friendly vessels, Samsung Heavy Industries, a major shipbuilder in South Korea, has partnered with Bloom Energy, an American public company, to develop core technologies for highly efficient fuel cells for ships by 2022. The solid oxide fuel cell (SOFC), an electrochemical conversion device that produces electricity directly from oxidizing fuel, has a wide variety of applications as it ensures high combined heat and June 30, 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
Government task force launched to develop unmanned navigation technologies SEOUL -- In an effort to preempt the market for unmanned commercial ships, South Korea launched an integrated government task force to develop core technologies for autonomous ships and prepare a foundation for early commercialization through systematic demonstration, using new technologies such as artificial intelligence, big data and internet of things. The task force formed by the Ministry of Trade, Industry and Energy and the Minis June 17, 2020
Daewoo shipyard clinches $748.8 mln LNG barge orders from Russian client SEOUL -- Daewoo Shipbuilding & Marine Engineering secured an order worth about 901.3 billion won ($748.8 million) from a Russian shipper to build two liquefied natural gas barges that will serve as intermediate stops to supply natural gas produced in the Arctic Ocean to Europe and Asia. The LNG barge is an LNG terminal floating in the sea, receiving and storing LNG from ice-breaking LNG carriers at sea and unloading it into regula June 8, 2020
S. Korean shipbuilders secure mega deal from Qatar to build LNG carriers SEOUL -- South Korea's three major shipbuilders have acquired a mega deal from Qatar Petroleum, a state-owned petroleum company, to build liquefied natural gas carriers that would help them tide over a global recession caused by a coronavirus pandemic. Qatar Petroleum said it signed agreements with Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries to reserve construction capacity to meet future LNG c June 2, 2020
Samsung Heavy delivers shuttle tanker installed with smart ship system SEOUL -- A shuttle tanker installed with SVESSEL, a smart ship system developed by Samsung Heavy Industries, has been delivered to AET Tankers, a Singapore-based company. It is the world's first smart ship certified by DNV GL, an international accredited registrar and classification society based in Norway, as a shuttle tanker. Through SVESSEL, Samsung Heavy said the 152,000 DWT (deadweight ton) Eagle Petrolina can receive information such as the route of opera May 28, 2020
Hyundai shipyard wins $179 mln order to build two VLCCs installed with scrubbers SEOUL -- Hyundai Heavy Industries, the world's largest shipbuilder, secured an order worth 220 billion won ($179 million) from European clients to build two very large crude carriers that will be installed with scrubbers to meet new rules imposed by a U.N. maritime safety agency. The vessels will be delivered from the first half of 2022. Ships can reduce the levels of sulfur oxide (SOx) emissions by installing an exhaust gas cleaning system such as May 21, 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
[Coronavirus] Police trace thousands of gay bar visitors for virus inspection SEOUL -- South Korean police are tracing more than 3,000 people who went into hiding for fear of public humiliation after visiting gay clubs as the number of COVID-19 patients related to the epicenter of gay nightlife in Seoul rose to 86, sparking a feeling of strain and hurry among health officials. The police agency in Seoul said that it would deploy a quick response team to check the identity and whereabouts of thousands of people who have visited gay clubs in Itaewon, an in May 11, 2020