Hyundai Heavy to foster hydrogen biz as new growth engine By Nam Kwang-sik   SEOUL, March 25 (Yonhap) -- Hyundai Heavy Industries Group said Thursday that it will nurture hydrogen-related business as its new growth engine amid tightened environmental regulations and rising demand for eco-friendly fuels.   Under the plan, the shipbuilding group will establish

S-Oil upgrades Ulsan plant to curb sulfur and harmful vapor S-Oil’s residue hydro-desulfurization unit at Ulsan plant. (S-Oil) S-Oil said Tuesday it has completed the upgrade of its Ulsan petrochemical plant to prevent sulfur and harmful vapor from being emitted into the air as part of an effort to accelerate the company’s environmental, social and

(LEAD) S. Korea's exports grow 12.5 pct in first 20 days of March (ATTN: UPDATES with more info from para 3; ADDS photo) By Kim Soo-yeon   SEOUL, March 22 (Yonhap) -- South Korea's exports rose 12.5 percent on-year in the first 20 days of March on robust shipments of chips and autos amid the

Hanwha secures Korea’s first mixed hydrogen combustion tech A concept image shows mixed hydrogen combustion. (Hanwha General Chemical) Hanwha General Chemical said Monday that it had become the first South Korean company to own mixed hydrogen combustion technologies. Mixed hydrogen combustion burns natural gas together with hydrogen to generate electricity. This method of generating electricity

GS Energy to build LNG-powered plant in Vietnam (GS Group) GS Energy Corp., an energy unit of South Korean conglomerate GS Group, said Monday it will build and operate a power plant fired by liquefied natural gas (LNG) in Vietnam. GS Energy said it will build a 3 gigawatt LNG-fired power plant in southern Vietnam

Korea's oil refiners get creative in push to cut emissions The production complex of SK Incheon Petrochem, SK Innovation's subsidiary. [SK INNOVATION] Oil refiners are desperately looking for new opportunities to keep their business afloat as Korea pushes to become a “zero carbon” society. Korea has the fifth-largest oil refining capacity in the world, but

S-Oil forges partnership to capture carbon and use it for soft drinks, dry ice S-Oil officials check by-product gas pipelines at its Ulsan plant. The pipelines will supply gases to a nearby Dong Kwang Chemical facility, where carbon will be extracted, refined and then transformed into commercial products. (S-Oil) S-Oil has teamed up with a

Daewoo Shipbuilding wins W265b order for 3 LPG carriers This photo provided by Daewoo Shipbuilding & Marine Engineering Co. on Tuesday, shows an LPG carrier built by the shipbuilder. (Daewoo Shipbuilding & Marine Engineering Co.)   Daewoo Shipbuilding & Marine Engineering Co. said Tuesday that it has signed a 265 billion-won ($234 million) deal to

S. Korea's export prices rise for 3rd month in February This photo taken March 2, 2021, shows container ships docked at a port in Busan. (Yonhap) South Korea's export prices rose in February, marking the third straight monthly gain helped by a modest recovery in exports, central bank data showed Tuesday. The country's export price