South Korea takes giant leap in clean energy with 1.1GW floating wind farm approval

South Korea takes giant leap in clean energy with 1.1GW floating wind farm approval

Mainstream Renewable Power and Ocean Winds have received the green light from the South Korean Ministry of Environment for their ambitious 1.1 gigawatt (GW) floating offshore wind farm project off the coast of Ulsan. The Environmental Impact Assessment (EIA) approval for the KF Wind project marks a major step forward, allowing the developers to move […]

GATE Energy wins key contract for Woodside Trion FPU project with HHI

GATE Energy wins key contract for Woodside Trion FPU project with HHI

GATE Energy, a prominent player in the global energy sector, has been awarded a crucial commissioning contract for the Woodside Trion Floating Production Unit (FPU) project by HD Hyundai Heavy Industries Co., Ltd. (HHI). This milestone contract for GATE Energy solidifies its position as a leader in commissioning and start-up services, especially in the offshore […]

Hyundai Motor, Korea Zinc partner to secure stable nickel supply for EV batteries

Hyundai Motor, Korea Zinc partner to secure stable nickel supply for EV batteries

Hyundai Motor Group, a global automotive giant, has announced a Memorandum of Understanding (MOU) with Korea Zinc, the leading non-ferrous metal smelting company in Korea. The partnership aims to establish a comprehensive collaboration across the nickel value chain, critical for electric vehicle (EV) batteries. The MOU was signed by Heung-soo Kim, Executive Vice President and […]

Ulsan ARC plastic recycling complex : SK Geo Centric, Plastic Energy join forces for recycling plant in South Korea

Ulsan ARC plastic recycling complex : SK Geo Centric, Plastic Energy join forces for recycling plant in South Korea

SK Geo Centric, an arm of SK Innovation, and Plastic Energy, a specialist in plastic pyrolysis, have partnered to construct the Ulsan ARC plastic recycling complex in Ulsan, South Korea. Under the licensing agreement, the pyrolysis plant Ulsan Advanced Recycling Cluster (ARC) will deploy Plastic Energy’s advanced pyrolysis technology and will have an annual capacity […]

KPX Chemical, Huntsman create Korean JV for polyurethane system solutions

KPX Chemical, Huntsman create Korean JV for polyurethane system solutions

South Korean chemicals company KPX Chemical and US-based polyurethanes and specialty chemical manufacturer Huntsman Corporation have created a joint venture (JV) called KPX Huntsman Polyurethanes Automotive (KHPUA). KHPUA will be engaged in creating and offering polyurethane system solutions to South Korean auto manufacturers from a specialty polyurethanes manufacturing facility at KPX Chemical’s plant in Ulsan, […]

Aker, EDP to develop 500MW floating wind farm in South Korea

Aker, EDP to develop 500MW floating wind farm in South Korea

Aker Solutions and EDP Renewables are joining forces with Wind Power Korea to develop a floating wind farm in South Korea, which will have an initial capacity of 500MW. The floating wind project will be built off the coast of Ulsan Metropolitan City. The consortium formed by the companies follows the investment made by EDP […]