Tag: South Korea

SK E&S to buy 10% of Summit Carbon Solutions for $110M

SK E&S to buy 10% of Summit Carbon Solutions for $110M

May 10, 2022 |

In South Korea, SK E&S will invest $110 million to acquire a 10% stake of Summit Carbon Solutions. SK E&S said it will join hands with Summit Agricultural Group (Summit), the North American diverse farming and agricultural investor, Continental Resource, one of the largest U.S. petroleum and gas companies, and Texas Pacific Group (TPG), the […]

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GS Caltex teams with POSCO to develop Indonesian biodiesel plant and possibly SAF

GS Caltex teams with POSCO to develop Indonesian biodiesel plant and possibly SAF

May 2, 2022 |

In South Korea, GS Caltex signed a business agreement for joint development and cooperation in the eco-friendly bio business with POSCO International. Through this MOU, GS Caltex decided to expand the bio business by establishing a value chain from raw material refining to biochemical product production by utilizing GS Caltex’s biofuel production technology and POSCO […]

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GS E&C will modularize Haldor Topsoe’s biodiesel technology

GS E&C will modularize Haldor Topsoe’s biodiesel technology

March 28, 2022 |

In South Korea, GS E&C will join hands with Denmark’s Haldor Topsoe to modularize Haldor Topsoe’s biodiesel production technology. Following green hydrogen, it plans to expand its modularization business to the biodiesel field, further strengthening its competitiveness in the renewable energy modularization business. The MOU calls for GS E&C to standardize and modularize the core […]

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South Korean researchers producing fuel from surgical masks via pyrolysis

South Korean researchers producing fuel from surgical masks via pyrolysis

March 8, 2022 |

In South Korea, thanks to the COVID-19 pandemic, millions of single-use face masks are discarded every day, creating a huge surge in plastic pollution. In a recent study, a team of researchers led by Korea University investigated the feasibility and potential environmental benefits of converting discarded surgical masks into burnable fuel via a process called […]

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Asian industrial ethanol prices seen higher due to Brazil’s focus on sugar production

Asian industrial ethanol prices seen higher due to Brazil’s focus on sugar production

January 3, 2022 |

In South Korea, Platts reports that it expects industrial ethanol prices to rise in Asia due to higher ethanol prices in Brazil, the region’s traditional supplier. With Brazilian sugarcane mills focused on producing more sugar thanks to high prices for the commodity, ethanol supplies are reduced and therefore prices are higher than they typically would […]

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South Korean researchers develop catalysts to create fuel cells from urea

South Korean researchers develop catalysts to create fuel cells from urea

December 30, 2021 |

In South Korea, fuel cells that generate clean electricity by breaking down urea―a common organic molecule―could become a great resource to reduce dependence on fossil fuels. However, state-of-the-art catalysts for these cells require precious metals, making them prohibitively expensive for mass production. To tackle this issue, scientists from the Korean Maritime & Ocean University explored […]

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Shrimply the best: South Korean startup creates Dokdo prototype

Shrimply the best: South Korean startup creates Dokdo prototype

December 20, 2021 |

In South Korea, Dokdo shrimp has been cultivated in a lab for the first time. CellMEAT says it has created several prototypes with different sizes and shapes, and all were produced with serum-free culture medium. The company will now work to scale up production and lower costs. Currently, CellMEAT can produce about 5 kilograms of […]

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Koreans invest $50M in Fulcrum BioEnergy

Koreans invest $50M in Fulcrum BioEnergy

December 16, 2021 |

In South Korea, SK Inc., the strategic investment arm of South Korea’s SK Group, announced that it was part of a $50 million investment in Fulcrum BioEnergy Inc., a U.S.-based waste-to-fuels company. SK Inc. was joined in the investment with a Korean private equity fund. SK Inc. has been expanding investments in green businesses and […]

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LG Chem and GS Caltex sign bioplastics pact

LG Chem and GS Caltex sign bioplastics pact

November 29, 2021 |

In South Korea, LG Chem and GS Caltex have signed a joint development deal for a fermentation-based production process for hydroxypropionic acid (3HP).   The goal is to accelerate 3HP development by combining LG Chem’s fermentation know-how with GS Caltex’s process facility technologies. The 3HP will be produced using glucose or glycerol. The two companies […]

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LG Chem and TK Chemical to produce biodegradable plastics

LG Chem and TK Chemical to produce biodegradable plastics

September 21, 2021 |

In South Korea, LG Chem will team up with TK Chemical to produce biodegradable plastics. LG Chem announced that it signed the MOU for Eco-friendly Biodegradable Materials (PBAT) and Business Cooperation with TK Chemical, a subsidiary of the Samla Midas (SM) Group. PBAT (Poly Butylene Adipate-co-Terephthalate) is a petroleum-based synthetic plastic that degrades quickly through […]

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