A global consortium led by POSCO HOLDINGS has secured exclusive development rights for Omani green hydrogen for 47 years, the largest overseas green hydrogen monopoly project pursued by a Korean company.POSCO HOLDINGS announced on June 22 that it has signed a contract with Hydrom for exclusive devel
The authors are analysts of NH Investment & Securities. They can be reached at ys.jung@nhqv.com. -- Ed. Storage solutionsIn general, physical and chemical solutions are adopted for hydrogen storage. The physical method is to store hydrogen physically as either gas or a liquid, while the chemical met
Doosan Heavy Industries & Construction announced on Jan. 25 that the consortium consisting of itself, French energy company Engie and Saudi Arabia’s Mowah and Nesma won the Yanbu Phase 4 Independent Water Project contract.The reverse osmosis seawater desalination plant is to be built at a constructi
Hyundai Motor has forged an alliance with French companies to expand sales of hydrogen-powered cars in the European market.Hyundai Motor said on Oct. 17 that the carmaker has signed a memorandum of understanding (MOU) with Air Liquide, a world-class industrial gas company, and Engie, a multinational
The British government has reportedly chosen South Korea’s next-generation APR-1400 nuclear reactor to use in its current nuclear power construction project worth 21 trillion won (US$18.32 billion). When the UK Parliament gives approval, completing the internal procedure, in the future, it can be th
Korea Electric Power Corp (KEPCO) is expected to buy Toshiba's stake in a consortium that plans to build nuclear power plants in Britain."We will take a quick action to buy the Japanese firm's 60 percent stake in the British nuclear consortium NuGen right away when its sales plan is determined,” KEP
The Korea Electric Power Corporation (KEPCO) and senior officials from the South Korean government are remaining cautious about an acquisition of Toshiba’s stake in NuGen, but they are also calculating actual profits the takeover.This is because the KEPCO has not won any contracts after the deal to
Doosan Heavy Industries & Construction Co., South Korea's leading power equipment maker, announced on December 19 that it has signed a 1 trillion won (US$841.04 million) deal with French energy giant Engie SA in Dubai of United Arab Emirates to build a Fadhili combined cycle power plant in Saudi Ara
Doosan Heavy Industries & Construction Co. announced on October 7 that it has clinched a Fadhili combined cycle power plant project worth 1 trillion won (US$896.46 million) in Saudi Arabia.The power plant will supply electric power and heat to Fadhili Gas Complex located 85 kilometers northwest of J
Ship owners around the world are placing orders for new vessels one after another. Not a few of them are expected to go to Korean shipbuilders.According to industry sources, Gail of India is planning to purchase nine LNG ships, three from Indian shipbuilders and the rest from foreign ones. BP Shippi