In Florida, The Maritime Executive reports South Korean shipbuilder HD Hyundai, in collaboration with American Bureau of Shipping, unveiled autonomous safety technology to enhance crew safety aboard ammonia-fueled vessels by reducing human presence in hazardous areas through remote propulsion control and automated monitoring systems. The new “Unmanned Engine Room” concept addresses the inherent dangers of […]
In the Netherlands, Offshore Energy reports HD Hyundai Marine Solution, along with several affiliated South Korean companies, has received Approval in Principle from classification society DNV for its onboard carbon capture and storage retrofit design. The joint industry project tested the technology on a 15,000 TEU ultra-large containership running on liquefied natural gas. The system […]
In South Korea, The Korea Economic Daily reports SK Energy will launch the country’s first sustainable aviation fuel production line next month using a co-processing method that blends bio-materials like used cooking oil with petroleum, addressing rising global demand for cleaner aviation fuel and stricter regulations. This method allows SAF production without significant changes to […]
In South Korea, HMM announced plans to invest KRW 14.4 trillion into sustainable initiatives by 2030 as part of its strategy to become a global leader in eco-friendly shipping. This investment will focus on acquiring 70 low-carbon vessels, designed to meet global environmental regulations and drive the company’s transition towards carbon neutrality by 2045. These […]
In Bulgaria, Renewables Now reported that Plagen, a producer of green hydrogen and green methanol from biogenic waste, has signed an investment agreement with Taebaek City in South Korea’s Gangwon province and eight other companies for the development of a commercial-scale green methanol plant. The new project is expected to eventually cover 20% of the […]
In South Korea, Renewable Energy Magazine reports in Taebaek City, South Korea, Plagen and eight other companies signed an agreement to establish the country’s first commercial-scale green methanol plant, set to begin construction in late 2025, using locally sourced forest residues as feedstock to revitalize the region’s economy and reduce carbon emissions. The plant, which […]
In Sweden, EQT announced that EQT Infrastructure has entered into a definitive agreement to acquire KJ Environment and affiliated companies from Genesis Private Equity, to establish a scaled and diversified end-to-end waste treatment platform focused on plastic recycling and waste-to-energy in South Korea. The Platform comprises an end-to-end business portfolio in the waste treatment value […]
In South Korea, six power generation companies that use biomass as fuel recently gathered at Hanwha Building in Seoul and signed a “MOU for Building a Sustainable Biomass Industry Ecosystem” to strengthen the biomass industry ecosystem. This business agreement was prepared to secure the sustainability of biomass, an eco-friendly renewable energy, and thereby contribute to […]
In New York, Ship Technology reported that Ulsan Port in South Korea is preparing to expand its use of sustainable marine fuels after signing a $17.6m deal with Hyundai Oil Terminal Corporation to establish an alternative fuels supply chain centered at the port. The equity investment agreement signed by Ulsan Port Authority will see the […]
In South Korea, BusinessKorea reported that South Korea’s refining industry is set to gain momentum with the enforcement of the “Petroleum and Petroleum Alternative Fuel Business Act” starting from August 7. The report noted that this legislation aims to support the expansion of eco-friendly petroleum alternative fuels in the country. According to industry sources, the […]
