South Korea to use technology to achieve Netzero goals

South Korea has outlined its strategy to achieve carbon neutrality in the industrial sector by focusing on technology solutions, with an aim to cut 120mn tonnes of greenhouse gas (GHG) emissions by 2050. Representative firms from the four major carbon-emitting industries — chemicals, steel, cement , and semiconductor/displays — formed a consortium as part of

Hapag Lloyd’s new dual-fuel container vessel floated by DSME

The first of several Hapag Lloyd’s Ultra Large Container Vessels was floated in South Korea by Daewoo Shipbuilding and Marine Engineering (DSME). The vessel is the first in a coming series that will be dual-fuelled and will be the largest in Hapag Lloyd’s fleet. The vessel was ordered in December 2020 and its keel was

South Korea to import hydrogen

The South Korean government announced that hydrogen produced in Malaysia and the UAE would be imported in 2027 and later for the purpose of power generation and export after conversion into ammonia. The hydroelectric power generation-based hydrogen in Malaysia is scheduled to be supplied by Samsung Engineering and Lotte Chemical. In the UAE, Korea Electric

South Korea develops hydrogen-powered train

The Ministry of Land, Infrastructure and Transport said it had succeeded in developing a test vehicle for a hydrogen-powered electric train in collaboration with the state-run Korea Railroad Research Institute. The two parties have carried out a project since 2018 to develop a hydrogen fuel cell-based hybrid propulsion system that enables train operation without electric

Hyundai and KNOC to develop ammonia FSRU

Hyundai Heavy Industries has begun to develop a floating storage re-gasification unit (FSRU) for ammonia in cooperation with Korea National Oil Corp (KNOC) and Lloyd’s Register. South Korea is gearing up to ensure ammonia is a significant part of the nation’s energy mix within a decade. Earlier this month, nine South Korean companies including HDC

Seapeak books five LNG carrier newbuilds

Seapeak has booked five liquefied natural gas (LNG) carriers for construction at South Korea’s Samsung Heavy Industries (SHI). Stonepeak’s gas ship owner is paying around $1.1bn for the 174,000 cu m ships expected for delivery in 2027. The newbuilds are backed by ten-year charters with an unnamed international energy major, which can be extended at

Proman & Stena JV Completed First Methanol Bunkering Operation

The joint venture (JV) of Proman and Stena Bulk have completed first methanol bunkering operation at Ulsan Port in South Korea. The bunkering was executed despite South Korea not being a methanol-producing country and neither vessel – Stena Pro Patria and Stena Pro Marine, was carrying methanol as cargo. Proman Stena Bulk’s fully operational methanol-fuelled

Liquid hydrogen storage tank from India begins journey from Kandla to Korea

INOXCVA, an Indian multinational, among the world’s leading manufacturers of cryogenic equipment and solutions, flagged-off the largest bulk Liquid Hydrogen Storage Tank ever made in India. Built with a massive storage capacity of 238 m3, the Tank embarked on its journey from INOXCVA’s Kandla facility to its destination for a clean energy demonstration project in

New hydrogen production plant at Pyeongtaek launched in South Korea

South Korea has launched a 2,555 t/yr hydrogen production plant in Pyeongtaek, its first such facility in a metropolitan area, according to the country’s industry and trade ministry. The Pyeongtaek hydrogen plant is the country’s second such facility, following the launch of the Changwon production plant in Gyeongsangnam-do that has been operating since the end

Petronas to collaborate with six South Korean companies on CO2 transport

Petronas has joined six South Korean companies to carry out conceptual and feasibility studies toward establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage. The company has penned a memorandum of understanding with construction firm Samsung Engineering, shipbuilder Samsung Heavy Industries (SHI), energy players SK Earthon, SK Energy, GS Energy