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 […]
In the UK, Nuclear Engineering International reports South Korea’s Mokpo National University has inaugurated the world’s first Small Modular Reactor (SMR) Ship Research Institute, aiming to become a global leader in SMR ship research and education. The launch ceremony saw attendance from over 100 dignitaries, including key figures from Korea Hydro & Nuclear Power (KHNP), […]
In South Korea, Aju Press reported that HD Hyundai Oilbank said its biofuel production technology was accredited with the International Sustainability & Carbon Certifications (ISCC), global standards for recycled and bio-based materials. The report noted that the Korean refiner affiliated with HD Hyundai Heavy Industries has produced eco-friendly materials including sustainable aviation fuel and bio […]
In South Korea, The Korea Times reported that HD Hyundai Oilbank has started production at its biodiesel plant with an annual capacity of 130,000 tons. To expand the use of biodiesel, the government of South Korea decided to increase the current mandatory blending ratio of 4 percent to 8 percent by 2030 under its renewable […]
