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, […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
In Brazil, Platts reports that South Korea and Japan are looking to switch imports to B-grade ethanol from Brazil now that the crushing season has kicked off and should help to push prices lower. Typically, early in the year the two countries buy ethanol from Pakistan whose availability winds down around the time that Brazilian […]
In South Korea, Platts reports that ethanol imports rose a whopping 63% in October compared to the month prior at 111,418 metric tons. Brazil supplied the majority of undenatured ethanol, followed by Pakistan, with total imports of 16,413 tons, nearly 159% higher than in September. Pakistan is typically the origin of choice of in South […]
In South Korea, Platts says Pakistan has become the origin of preference for ENA and REN industrial ethanol imports over Brazil due to appreciation of the Brazilian Real and softening prices expected for Pakistani product. With ongoing extended dryness leading to an early end of the Brazilian crush this year, ethanol prices are expected to […]
