This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Renault Group and Geely Holding Group, China’s largest privately-owned automotive group, have signed an agreement to launch a new collaboration dedicated to bringing fuel-efficient Hybrid Electric Vehicles (HEV) and Internal Combustion Engine (ICE) models to the South Korean market as well as for export sales.
Boston-based SES AI Corporation, a developer of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles and other applications, has incorporated its subsidiary SES Korea and plans to build a pre-production facility in SouthKorea. It’s all about speed and winning the race.
Hyundai Heavy Industries Co., have formed a 50/50 joint venture partnership to manufacture MidRange engines in Korea extending from 150 hp to 300 hp (112-224 kW) output for application in a wide range of Hyundai construction and industrial equipment. and Cummins Inc. HCEC will supply engines spanning the MidRange 5.9-liter
SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, SouthKorea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.
LOTTE Chemical announced a joint venture with LOTTE Aluminium to build a manufacturing facility in Elizabethtown, Kentucky to produce 36,000 tons of cathode foil, a type of ultra-thin aluminum foil that is a core material used in EV batteries. Cathode foil is one of the four major components of lithium-ion batteries.
Photo: Panoramic view of LG Chem’s petrochemical complex in Yeosu, SouthKorea. LG Chem will start replacing fossil feedstock commonly used in the manufacturing of polymers and chemicals with Neste Renewable Hydrocarbons in the upcoming months.
SouthKorea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. SK Group has been building relationships within the United States for decades.
POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. POSCO Group’s lithium brine demo plant in Argentina.
In October, Doosan and Ceres announced a strategic collaboration which includes the building of an initial 50MW manufacturing facility for the manufacture under licence of Ceres’ fuel cell stacks in SouthKorea. Marine fuel cells can contribute to compliance with greenhouse gas emissions regulations in the industry.
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, and SK materials, one of the world’s top manufacturers of special gases and industrial gases, are forming a joint venture to build a factory for lithium-silicon battery materials in SouthKorea.
Unlike other renewable energy sources, hydrogen can fuel hard-to-decarbonize heavy industrial sectors like steel, heavy transport, and cement. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.
—which intends to become a silicon anode materials supplier to the EV industry— entered into a Memorandum of Understanding (MOU) with South Korean silicon powder manufacturer, Korea Metal Silicon Co., Korea Metal Silicon Co. Canada-based NEO Battery Materials Ltd.—which
LGES’ expansion will quintuple the plant’s capacity to help produce battery components into the future as Michigan’s electric vehicle industry grows. billion to build Ultium Cell LLC’s third US battery cell plant in the city of Lansing and Delta Township, a joint venture between GM and LG.
Benchmark’s Tier One producers of automotive-grade lithium-ion battery cells—as of its February 2022 assessment—are: Panasonic (Japan); Samsung SDI and SK Innovation (SouthKorea); Envision AESC, CATL, and BYD (China). Benchmark cautions that capacity does not necessarily equal reliable supply for the EV industry.
SouthKorea-based Nesscap Co., recently introduced five new ultracapacitor modules for the industrial and automotive markets. Two 86-volt modules with 62 Farads and 93 Farads respectively were developed to meet the continuing requirements for more power in both the automotive and industrial markets.
SouthKorea’s presidential office revealed that President Yoon Suk-Yeol and Elon Musk conversed about Tesla in a video call on Wednesday, November 23. During the video call, Elon Musk reportedly told President Yoon that he considered SouthKorea one of the top candidates for a Tesla factory in Asia, reported Reuters.
Business Korea reports that according to its industry and government sources, Samsung SDI and the Ulsan city officials are in talks regarding the expansion of the company's Ulsan plant with an LFP battery production line. This type of battery is less.
Kia Corporation, a Hyundai Motor Company brand, completed its first electric vehicle (EV) factory in SouthKorea amid a slowdown in the industry. The South Korean automaker renovated its factory in Autoland to build its new EV production facility. The upgraded factory will launch production with the Kia EV3.
billion to produce electric vehicles at a new factory in SouthKorea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. million units by 2030.
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with SouthKorea, expand international operations, and support the region’s energy security with the expansion of Arabian crude oil supply to Asian markets. Korea National Oil Corporation. Daelim Industrial.
Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The two companies will also pursue technology cooperation for developing advanced ESS solutions tailored for commercial, industrial and utility market.
General Motors’ Changwon (Korea) Assembly plant, home of the brand new Chevrolet Spark and Spark EV, has reached an agreement with renewable energy company KC Cottrell to build a three-megawatt solar installation on the plant’s rooftop. This is the same as powering 221 homes in the United States for one year.
Behind-the-meter, or BTM, installations will be sited at business and industrial premises, and at millions of residential properties. China, the US, India, Japan, Germany, France, Australia, SouthKorea and the UK will be the leading countries. —Logan Goldie-Scot, head of energy storage at BNEF.
Another benefit to building in Mexico is that Tesla vehicles would still qualify for EV subsidies in the United States from the Inflation Reduction Act (IRA). In September, Canada’s Minister of Industry Francois-Philippe Champagne stated that Tesla did discuss the possibility of building a factory in Canada.
In a move that will reduce both cost and risks to government and industry, CCS hubs and clusters—the shared use of CO 2 transport and storage infrastructure among companies—is predicted to support a boom in the adoption of CCS in the coming years.
The stationary fuel cell sector continues to be the trail blazer for the entire fuel cell industry. The industry is still working on key technology barriers, including reducing CAPEX and standardization, Pike says. Another important application is large prime power fuel cells, which enable buildings to produce base load power.
This will require a large investment from government and industry, Navigant concludes. The German H 2 Mobility initiative to deploy public refueling stations by 2015 has committed to build 50 stations (although it has not yet reached 20). The report also examines three emerging markets for fuel cell buses: China, India, and Brazil.
It hopes to build a system based on the Tokai shinkansen bullet train it operates in Japan. Mitsubishi Heavy Industries Ltd.;, Sumitomo Metal Industries Ltd.; (JR Tokai) plans to team up with 11 partners to bid for a high-speed rail system in Florida. JR Tokai is thus expected to accelerate its efforts to select US partners.
But it was true what semiconductor engineers in SouthKorea whispered about his former students: They were everywhere. Korea Advanced Institute of Science and Technology (KAIST) assumed top posts in the industry as well as coveted positions teaching or researching semiconductors at universities and government institutes.
US predominance in science and technology (S&T) eroded further during the last decade, as several Asian nations—particularly China and SouthKorea—rapidly increased their innovation capacities. China tripled its number of researchers between 1995 and 2008, whereas SouthKorea doubled its number between 1995 and 2006.
To make this happen, the BMW Group has been collaborating with Seoul Robotics from SouthKorea and Embotech from Switzerland. For the startups, this offers valuable insights into automotive processes, an opportunity to build up networks in the industry, and support with the further development of their business plans.
Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen. In addition, they plan to build a mid-to-long term strategic cooperative relationship in the Chinese electric vehicle market. SKIET has factories in SouthKorea, China, and Poland.
Perhaps most importantly, investing in nuclear energy will position America to lead in a growing industry. Countries such as China, SouthKorea and India have recognized this and are making investments in nuclear power that are driving demand for nuclear technologies. Earlier post.].
Construction on Argos began in March 2018 at Samsung Heavy Industries shipyard in SouthKorea. More than 15 million hours of work went into building the platform there. In the early 2010s, bp and partners simplified and standardized Argos’ original design, reducing the overall project cost by about 60%.
In October of 2010, SK Innovation successfully started up and operated an ACO Demonstration unit at its facility in Ulsan, SouthKorea, which met the expectations of both companies. We will work closely together with KBR and SK Innovation to build a plant that successfully demonstrates the technology.
Airbus and Linde, a leading global industrial gases and engineering company, have signed a Memorandum of Understanding (MoU) to work on the development of hydrogen infrastructure at airports worldwide. Building the infrastructure is just as crucial.
Researchers from SouthKorea, Case Western Reserve University and University of North Texas have synthesized new inexpensive and easily produced metal-free catalysts—edge-selectively halogenated graphene nanoplatelets (XGnPs)—that can perform better than platinum in oxygen-reduction reactions. —Jeon et al.
TSMC), which was already building a $12 billion fab in Arizona , upped the investment to $40 billion with a second plant. economy, there’s a potential problem: Where will the industry find the qualified workforce needed to run these plants and design the chips they’ll make? Taiwan Semiconductor Manufacturing C o.
LanzaTech uses non-food renewable resources to produce ethanol and also 2,3-Butanediol (2,3-BD), a key building block used to make polymers, plastics and hydrocarbon fuels. of consolidated revenue: US$476 million of US$28.1 billion in 2010. —Dr Holmgren.
Australia’s Department of Industry, Science and Resources released the December 2022 edition of the Resources and Energy Quarterly (REQ). Production from lithium hydroxide refineries is forecast to steadily build, lifting total annual lithium export revenue to an estimated $16 billion in 2022–23 and $17 billion in 2023–24.
Describing its product goals and tracking progress toward its 2020 manufacturing priorities in its 2012 Sustainability Report , General Motors reaffirmed its commitment to further reduce the energy used and the environmental impacts of building and operating an automobile. MWh per vehicle, less than half the industry average of 2.37
GreatPoint says that its system produces natural gas at the lowest cost in the industry and that its water consumption is half of that of competing gasification systems.
There will come a time—within the next two decades—when the number of people in China acquiring cars, larger homes, and other accouterments of industrialized societies will peak—a phenomenon known as saturation. Additionally, other energy-intensive industries will see demand for their products flatten.
POSCO is a Republic of SouthKorea multinational diversified company with operations in energy, chemicals and materials and one of the largest steel manufacturers in the world. POSCO said it had demonstrated the technology at pilot plant scale in Korea with artificial brine and brine supplied by various parties including Li3 Energy.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content