Tag: South Korea

LG Chem creates new biodegradable material equivalent to synthetic resins

LG Chem creates new biodegradable material equivalent to synthetic resins

October 20, 2020 |

In South Korea, LG Chem successfully developed a new biodegradable material that could realize mechanical properties equivalent to synthetic resins for the first time in the world. The new material developed by LG Chem is the only material is a single biodegradable material with 100% bio contents using corn-based glucose and crude glycerol and it […]

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KIST develops biodiesel from lignocellulosic biomass thanks to microorganism

KIST develops biodiesel from lignocellulosic biomass thanks to microorganism

October 19, 2020 |

In South Korea, Korea Bizwire reports the Korea Institute of Science and Technology has developed a process to produce biodiesel from lignocellulosic biomass thanks to a microorganism, expanding potential feedstocks for biodiesel to include vast amounts of paper waste including delivery boxes. The microorganism produces biodiesel by consuming the sugars in biomass, specifically glucose and […]

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Korean shipping players sign MOU to support bio heavy oil use

Korean shipping players sign MOU to support bio heavy oil use

August 24, 2020 |

In South Korea, Korea Bizwire reports the country’s top shipper HMM has signed an MOU with Korea Bio Energy Association, Hyundai Heavy Industries Co., Korea Shipbuilding & Offshore Engineering Co., and the Korean Register of Shipping to the use of bio heavy oil in shipping. The company, like many others in the industry, are seeking […]

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Asian B-grade ethanol buyers concerned of availability from May onwards

Asian B-grade ethanol buyers concerned of availability from May onwards

April 15, 2020 |

In South Korea, Platts reports that buyers of US-origin B-grade ethanol in both South Korea and Japan are having problems finding cargoes beyond May. One trader said that though he was able to buy cargos for March and May that he sees purchases further out becoming more difficult. With US ethanol producers facing negative margins, […]

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UNIST researchers develop hydrogen production process using lignin

UNIST researchers develop hydrogen production process using lignin

March 10, 2020 |

In South Korea, a novel technology has been developed for hydrogen production from the process, which involves electron that is produced during the decomposition of biomass such as waste wood. The result produced after biomass decomposition is a high value-added compound, and it is a two-stone technology that improves the efficiency of hydrogen production. Researchers […]

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Korean PE firm buys SK Chemical’s biofuel arm for $322 million

Korean PE firm buys SK Chemical’s biofuel arm for $322 million

February 5, 2020 |

In South Korea, the Korea Herald newspaper reports that following a $3.2 billion Korea-focused fundraise last year, Korean private equity firm Hahn & Co has purchased SK Chemical’s biofuel arm for more than $322 million. SK Chemical is the country’s largest biodiesel producer but the biofuels unit has now been spun out from the wider […]

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Korea Biofuel Corp. signs $72 million MOU for microalgae-based oil

Korea Biofuel Corp. signs $72 million MOU for microalgae-based oil

September 19, 2019 |

In South Korea, Medium reports that Aussie Green Bio Energy has signed a Memorandum of Understanding with Korea Biofuel Corporation to develop $72 million in microalgae-based oil over the next 10 years. Aussie Green Bio Energy plans to set up 4,000 containers at its plantation in Malaysia, producing 40 tons of oil per day. In […]

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South Korean researchers develop new microorganism to improve brown macroalgae use in biorefineries

South Korean researchers develop new microorganism to improve brown macroalgae use in biorefineries

June 27, 2019 |

In South Korea, the joint research team of POSTECH and Seoul National University developed a new microorganism, which they named as Vibrio sp. dhg that they have successfully demonstrated can be a promising microbial platform for the biorefinery of brown macroalgae which can replace starch-crop biomass. Continuing efforts on studying utilization of non-edible biomass have […]

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IATA overwhelmingly approves carbon offsetting scheme while promoting sustainable fuels

IATA overwhelmingly approves carbon offsetting scheme while promoting sustainable fuels

June 3, 2019 |

In South Korea, the International Air Transport Association’s AGM overwhelmingly approved a resolution calling on governments to continue important work for full implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) agreed through the UN’s International Civil Aviation Organization (ICAO). CORSIA is the first global carbon pricing instrument for an industry sector. […]

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USGC, USDA promote fuel ethanol in South Korea

USGC, USDA promote fuel ethanol in South Korea

May 12, 2019 |

In Washington, D.C., the U.S. Grains Council staff is working with U.S. government officials in the U.S. Department of Agriculture’s Foreign Agricultural Service to support South Korean government and industry as they discuss the use of ethanol as a fuel alternative. South Korea currently ranks as the fifth largest international market for U.S. ethanol but […]

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