In Finland, HD Korea Shipbuilding & Offshore Engineering subsidiary HD Hydrogen spent €72 million for a majority stake in Convion, a specialist in fuel cell technology based in Espoo, Finland. Announced on August 26, 2024, the deal underscores HD Hyundai’s strategic dive into the burgeoning hydrogen fuel cell market. HD Korea Shipbuilding & Offshore Engineering […]
In Korea, Business Korea reports the shipbuilding industry is experiencing a significant shift, with a rising preference for liquified natural gas (LNG) dual-fuel container ships over methanol-powered vessels. According to Clarkson Research, the first half of this year saw orders for 40 LNG dual-fuel container ships, double the 20 methanol dual-fuel ships ordered. This is […]
In the UK, Innovation News Network reported that scientists at the Korea Institute of Science and Technology (KIST) have developed a revolutionary MXene that may advance green hydrogen production. The report noted that the team has developed the oxidatively stable molybdenum-based MXene as an electrocatalyst support for anion exchange membrane water electrolyzers. Due to its […]
In Korea, Hanwha Systems and Hanwha Ocean have announced the acquisition of Philly Shipyard from Aker ASA, marking a significant expansion in their global defense and shipbuilding operations. The $100 million investment secures a leading U.S. shipbuilder that has produced around half of the large commercial ships under the Jones Act since 2000. Philly Shipyard, […]
In Korea, HMM and IKEA Supply Chain Operations have signed an agreement to utilize HMM’s ‘Green Sailing Service,’ a low-carbon ocean transport solution aimed at reducing environmental impact and contributing to the decarbonization of ocean transportation. This initiative focuses on significantly lowering carbon dioxide equivalent (CO2e) emissions by replacing conventional fossil fuels with waste-based biofuels […]
In Korea, researchers at Korea Institute of Machinery and Materials (KIMM) successfully demonstrated an MW-class marine engine combustion technology using ammonia that reduces carbon dioxide emissions by 50%. The joint research team, led by Cheol-Woong Park of KIMM, injected ammonia at high pressure into the combustion chamber, achieving stable, high-power combustion with significant thermal efficiency. […]
In Korea, Korea IT Times reports Hanwha Ocean will display a 93,000㎥ Very Large Ammonia Carrier (VLAC) at the Posidonia 2024 exhibition in Athens, Greece. Ammonia is emerging as a key fuel for the carbon-free era due to its lack of carbon dioxide emissions. Since late last year, demand for ammonia carriers has been increasing. […]
In Korea, the Korea Herald reported that the Ministry of Environment said it will require industries that are heavy producers of organic waste resources to transition to the production of biogas starting December 31, 2023. According to the Environment Ministry’s biogas law, public and private industries that generate organic waste such as livestock manure and […]
