In South Korea, the Chosun newspaper reports that pushback from the domestic oil industry has forced the government to suspend its planned ethanol blending trial. Announced more than a year ago that would have seen a select number of pumps supply ethanol-blended fuel to government fleet vehicles and select private sector partners, was officially put […]
In South Korea, S-OIL on Monday started to include bio-based feedstocks such as used cooking oil, byproducts of the palm oil, and waste plastic-based pyrolysis oil into the refining and chemical processes to produce low-carbon energy and eco-friendly chemical products. As it will co-process crude oil, bio-based feedstocks, and waste plastic-based pyrolysis oil in the […]
In South Korean, the world’s first large methanol-enabled container vessel has been named “Ane Mærsk” at a ceremony in the shipyard of HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea. The vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter […]
In South Korea, The Asset reports that Singapore-headquartered fund manager Hillhouse Investment has purchased South Korean biodiesel maker SK Eco Prime from Hahn & Company. Hahn & Company bought the SK Chemical biodiesel unit less than four years ago for around $340 million and created SK Eco Prime before had purchasing the biodiesel raw material […]
In South Korea, synthetic, non-biodegradable plastics are major sources of environmental pollution and have prompted a rising interest in sustainable, biodegradable alternatives derived from natural polymers. “Tara gum,” derived from the seeds of the tara tree (Caesalpinia spinosa), stands out as a promising solution. This natural, water-soluble substance contains polysaccharides (complex carbohydrates), including the widely used […]
In South Korea, LG Chem and Eni subsidiary Enilive have signed a joint venture agreement for a new biorefinery at Daesan. The two first announced that they were evaluating a biorefinery project in September last year, and formation of a JV is the next step toward a final investment decision. The facility would process about […]
In South Korea, LG Chem and Enilive moved a further step forward to the final investment decision on the project of a new biorefinery in South Korea by signing the joint venture agreement. The agreement has been signed in Rome by Eni CEO, Claudio Descalzi, and LG Chem CEO, Shin Hak-cheol. Last September, Enilive (a […]
In South Korea, Korean Air has partnered with Yusen Logistics, a global logistics company, to further promote the use of sustainable aviation fuel (SAF) in the air cargo industry. The two companies signed a Sustainable Aviation Fuel Cooperation Program Agreement at the Yusen Logistics headquarters in Tokyo. Yusen Logistics is the airline’s first cargo SAF […]
In South Korea, a research team from the Korea Advanced Institute of Science and Technology (KAIST) has successfully developed high-performance microbial strains producing a variety of compounds, including succinic acid, biodegradable plastics, biofuels, and natural products using systems metabolic engineering tools and strategies. The research team predicted that if bio-based polyamide production technology, which is […]
In South Korea, DL E&C Co., Ltd announced on December 13 that it had signed a feasibility study contract with Kellogg Brown & Root (KBR) for its sustainable aviation fuel production business using KBR’s ATJ (Alcohol to Jet) technology, PureSAFSM. This agreement marks the first step for both companies to increase their market share in […]
