Hyundai Heavy Industries Group has succeeded in developing a hybrid engine that uses a mixture of liquefied natural gas (LNG) and hydrogen for the first time in Korea. Korea Shipbuilding & Offshore Engineering and Hyundai Heavy Industries Co. announced on Dec. 22 that they have successfully complete
LG Chem announced on Nov. 17 that it will build a dry reforming of methane (DRM) facility that makes plastics with methane and carbon dioxide.DRM is a type of carbon dioxide capture and utilization (CCU) technology and is a carbon reduction facility that reduces existing carbon dioxide emissions by
SK Incheon Petrochem, the Ministry of Agriculture, Food and Rural Affairs and Nhabgroup have started a working-level discussion on a pilot project to build an eco-friendly livestock industry model.The first meeting was held at the Livestock Environment Management Institute in Sejong City on Nov. 11.
SK ecoplant has launched a project to produce biohydrogen from organic waste resources such as sewage sludge and food waste.The company announced on July 27 that it will carry out the Future Hydrogen Source Technology Development Project, a national project proposed by the National Research Foundati
SK E&S announced on July 18 that it will invest about US$25 million (about 33 billion won) in Monolith Materials, a U.S. turquoise hydrogen company.Headquartered in Nebraska of the United States, Monolith is the first U.S. manufacturer to produce clean hydrogen on a commercial scale using a propriet
SK Materials, an SK Group affiliate, has partnered with a Japanese semiconductor material company to advance into the North American market. SK Materials announced on June 29 that it signed an MOU with Japan’s Showa Denko to study the feasibility of joint advancement into North America. SK Materials
LG Chem announced on June 20 that it will build a hydrogen plant with an annual production capacity of 50,000 tons at its Daesan complex in South Chungcheong Province by the second quarter of 2024. The project is aimed at reducing carbon emissions from a petrochemical pyrolysis process.The hydrogen
Environmental Defense Fund (EDF), a leading international nonprofit organization, announced on May 23 that it has signed a new agreement with Seoul National University Graduate School of Environmental Studies (SNU GSES) to study where and how much methane escapes from the nation’s gas delivery syste
Remi Eriksen, CEO of DNV, recently had an interview about the longstanding relationship between his company and Korea. DNV is the world’s largest international accredited registrar and classification society and is headquartered in Norway. It provides services to a range of industries, including the
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The EU has announced long-term plans to reduce its dependency upon Russian fossil fuels. The EU’s long-term direction is growing more clear-cut, but uncertain
Korea Shipbuilding & Offshore Engineering (KSOE) and Daewoo Shipbuilding & Marine Engineering (DSME) garnered orders worth 2.5 trillion won during the Lunar New Year holiday.KSOE won orders for nine ships worth 704 billion won, while DSME landing orders for eight ships worth 1.84 trillion won.KSOE s
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The recent announcement of K-Taxonomy should usher in active mid/long-term investment and financial support for related industries. In the power generation/en
The Institute for Basic Science (IBS) announced on Dec. 29 that it has developed a photocatalyst converting carbon dioxide into useful hydrocarbon energy in collaboration with the Daegu Gyeongbuk Institute of Science and Technology and the Korea Advanced Institute of Science and Technology.Earlier,
SK Inc., the strategic investment arm of South Korea’s SK Group, announced on Dec. 16 that it has invested US$50 million in Fulcrum BioEnergy Inc., a U.S.-based waste-to-fuels company, jointly with a Korean private equity fund.Fulcrum is the first company in the U.S. to produce biofuel on a commerci
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.The company announced on Dec. 8 that it has signed an investment contract with C-Zero. The company aims to acquire eco-friendly hydrogen production technology to push fo
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The COP26 draft has been disclosed. Global countries will be asked to raise their targets for reducing greenhouse gas emissions (vs 2020 levels). China has pu
Korea Western Power will develop a system to recycle biogas from livestock waste and sewage into fuel cells.The state-run power company signed a business agreement on Oct. 22 with KEPCO E&C and Doosan Fuel Cell to jointly promote a fuel cell development project using biogas.The three companies plan
SK Inc., the strategic investment arm for South Korea’s third-largest conglomerate, and Monolith, a U.S.-based leader in clean hydrogen production, announced on Oct. 13 that they have signed a memorandum of understanding (MOU) to pursue a joint venture for producing green hydrogen and eco-friendly c
Daewoo Shipbuilding & Marine Engineering (DSME) has won an order for four liquefied natural gas (LNG) carriers from an Asian client. The deal, worth 990 billion won, helped the shipbuilder attain its annual order goal, the first time in seven years.The ships ordered this time are 174,000-cubic-meter
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Recently, turquoise hydrogen has emerged as a hot topic within the hydrogen industry, due to its low-carbon emission production method. As the main carbon by-