SEOUL, Sept. 25 (Korea Bizwire) — SKC Co., a South Korean materials maker, said Monday it plans to build a manufacturing plant in Vietnam to produce materials for biodegradable plastics, as it pushes to expand the eco-friendly materials business. The factory will be established in Vietnam’s northeastern city of Hai Phong to manufacture polybutylene adipate [...]
ULSAN, Sept. 15 (Korea Bizwire) — SK Group plans to invest 8 trillion won (US$6.02 billion) to transform its main refinery and chemical complex in the country’s southeast into eco-friendly businesses, its chief has said. Chey Tae-won, chairman of SK Group, made the announcement as he reinforced the company’s commitment to shifting its key areas [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean oil refiner GS Caltex Corp. said Friday it has begun the pilot operation of a container ship that runs on its bio marine fuel in collaboration with the shipping company HMM Co. The 6,400 twenty-foot equivalent unit vessel, powered by GS Caltex’s B30 bio marine fuel, will [...]
SEOUL, Sept. 15 (Korea Bizwire) — The waters off the coast of Ulsan were once a haven for whale sightings. However, the whale population has sharply declined as many animals have starved to death after ingesting plastics discarded by humans. Byun Eui-hyun, CEO of Usisan, said, “We’re committed to saving Earth’s largest endangered creatures by [...]
SEOUL, Sept. 13 (Korea Bizwire) — SK Ecoplant announced on Tuesday that it is teaming up with NETSPA, a startup that specializes in recycling waste fishing nets, for a project in Southeast Asia. This project has been chosen as an initial project for the Korea International Cooperation Agency (KOICA) Platform ESG Initiative. On September 12, SK Ecoplant [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Display Co., the display arm of Samsung Electronics Co., said Thursday it plans to use 20,000 tons of recycled cement for the construction of its new building. The cement will be made from waste glass generated during the display production process. The new building is expected to be [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has finished testing an onboard carbon dioxide (CO2) capture and storage (OCCS) unit. The new system has been tested on a liquefied natural gas (LNG) carrier and is expected to help reduce greenhouse gas emissions, DSME [...]
SEOUL, Aug. 18 (Korea Bizwire) — Kolon Group, a mid-sized business conglomerate focused on the chemical and textile businesses, said Wednesday it had succeeded in recycling one-off masks that are wasted after a single use through an in-house campaign. The group installed one-off mask collection boxes at seven major workplaces across the country and provided [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korean researchers have discovered a new bacteria that can convert the nitrate responsible for the growth of green algae into ammonia at a sewage disposal facility. A research team from the National Institute of Biological Resources and the Korea Advanced Institute of Science and Technology (KAIST) announced on [...]
SEOUL, Aug. 5 (Korea Bizwire) — Major oil refiner GS Caltex Corp. has teamed up with the Korean unit of Swiss food giant Nestle to establish a circular economy, aimed at promoting resource efficiency and carbon reduction. GS Caltex and Lotte-Nestle Korea Ltd. on Thursday formed a business agreement to promote the recycling of waste [...]