Oil Refining Companies Shifting Focus to Eco-friendly Businesses Daesan Plant of Hyundai Oilbank   South Korean oil refining companies are expanding their business portfolios to cover more eco-friendly products with China, the European Union and the United States aiming to achieve carbon neutrality. Last year, the companies went through one of the worst years in

S. Korean exports show double-digit growth for second straight month S. Korean exports rise by 11.4% in January, increasing by over 20% in the US, China and EU Cargo containers filled with export products are loaded onto ships at a dock in the Port of Busan, in the city’s Nam District. (Yonhap News) In defiance

Lotte chemical firms aim for carbon neutral growth by 2030 Lotte Chemical CEO and President Kim Gy-hyun, center, and company employees announce the ″Green Promise 2030,″ on Tuesday. [LOTTE CHEMICAL] (Korea JoongAng Daily) Lotte Group’s four chemical subsidiaries are aiming for carbon neutral growth and 6 trillion won ($5.38 billion) in accumulated revenue from ecofriendly

S Korea's Hanwha Total to shut LPG-fed cracker in Mar to expand ethylene capacity by 50% HIGHLIGHTS Expansion to raise ethylene production capacity by half Hanwha Total's naphtha cracker currently operating at 100% capacity SINGAPORE — South Korea's petrochemical maker Hanwha Total plans to shut down its LPG-fed steam cracker in Daesan from March for 45

SK Group's exports exceed domestic sales in 2017 SK Group said Sunday the proportion of exports in its total sales reached a record high last year, on the back of the brisk performance of its energy and chip businesses. South Korea's third-largest business group booked combined sales of 139 trillion won ($127.9 billion) in 2017.

Kumho Petrochemical beefs up safety Kumho Petrochemical has improved its facility safety and monitoring systems to provide eco-friendlier workplaces. Its factories in Yeosu, South Jeolla Province, and Asan, South Chungcheong Province, have renewed their accident-free records in line with company-wide efforts. "We have made safer and eco-friendlier working environments by improving our management system and

Lotte Chemical to invest W370b in facility expansion Lotte Chemical Corp., a major chemicals firm here, said Wednesday that it plans to spend 370 billion won ($326 million) in expanding facilities in the country, to better meet demand and strengthen its product portfolio. Lotte Chemical decided to expand the output at its domestic plant that