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Korea
Hydrogen Project
Doosan Heavy Signs MoU to Build Hydrogen Gas Turbine Project in Korea
Doosan Heavy has signed a memorandum of understanding today with Korea East-West Power, Ulsan Metropolitan City and SK Gas for a hydrogen gas turbine demonstrat…
Natural Gas
South Korea to Raise Natural Gas Inventory Requirements
South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven…
Electric Vehicle Battery
CATL’s Market Share Eclipses 3 Korean Battery Makers’ Put Together
In the January-April period of this year, Korea's three major battery makers accounted for 32 percent of the global battery use by electric vehicle, smaller tha…
LNG
KOGAS to Produce Liquefied Hydrogen Utilizing Wasted LNG Cold Energy
Korea Gas Corp. will begin production and supply of liquefied hydrogen by recycling liquid natural gas cold energy in earnest.
Nuclear Power Plant
China's Artificial Sun Brings Nuclear Fusion Energy Closer
The previous record was 20 seconds at 100 C set by the Korea Superconducting Tokamak Advanced Research, the Republic of Korea's superconducting fusion device, o…
Oil Refinery
Oil Refiners to Begin Olefin Business in 2nd Half of 2021
GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.
Nuclear Equipment
KHNP Lands Orders to Supply Equipment to Romanian Nuclear Power Plants
Korea Hydro and Nuclear Power announced on May 27 that it has been selected as the final supplier in the UPS Voltage Stabilizer Supply Project for Chernaboda Nu…
Hydrogen Project
Ørsted and POSCO Sign MoU to Strengthen Collaboration on Offshore Wind Energy and Renewable Hydrogen in Korea
Ørsted, the world’s most sustainable energy company, and POSCO Group, one of the largest conglomerates in Korea, today announced the signing of a MoU to expan…
Electric Car
Hyundai Aims to Sell One Million EVs per year by 2025
The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March
Nuclear Power Plant
South Korea and United States to Cooperate in Nuclear Power Industry
U.S. President Joe Biden and South Korean President Moon Jae-in released a joint statement on May 21 and declared that they would cooperate in the global nuclea…
Crude Oil
S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand
Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but S…
LNG
Samsung Heavy Industries Completes LNG Pilot Test Facility
Samsung Heavy Industries has started to pursue a "super-gap strategy" in LNG technology by completing an integrated LNG pilot test facility.
Hydrogen Technology
Doosan Mobility Innovation Accelerating UAM Technology Development
Doosan Mobility Innovation has formed an urban air mobility task force at its R&D center to accelerate technology development.
Nuclear Power Plant
KHNP Applies to Dismantle Kori 1
Korea Hydro & Nuclear Power has applied to the Nuclear Safety & Security Commission for approval to dismantle unit 1 of the Kori nuclear power plant near Busan.…
Hydrogen Project
Hyundai Motor Partners with Bloomberg to Promote Hydrogen Campaign
On a quest to accelerate hydrogen mobility-related business, Hyundai Motor Co. is taking one more step towards improving public awareness of the transition towa…
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