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Biz & Tech

Energy

Tue, July 23, 2019 | 10:46

SK Innovation acquires 35% stake in Myanmar oil distributor

SK Innovation has acquired a 35 percent stake in Myanmar's second-largest petroleum product distributor for 150 billion won ($127 million) through its two subsidiaries in a bid to accelerate its overseas expansion, the company said Friday.

Jun Ji-hye | 2019-07-22 14:23

KOGAS expands overseas natural gas projects

Korea Gas Corp. (KOGAS) is expediting its overseas natural gas projects ranging from exploration to distribution, offering Korea some stability in securing the energy source, according to the state-run firm, Wednesday.

Nam Hyun-woo | 2019-07-17 16:00

Revving on smart saving

Global full-line automotive thermal equipment supplier Hanon Systems is bent on making not just its products but also its factories eco-friendly. On top of acquiring Canadian auto parts supplier Magna's global Fluid Pressure and Controls (FP&C) business earlier this year to boost electric vehicle parts production, the Korean firm's domestic factories are going through renovat...

Ko Dong-hwan | 2019-07-17 11:38

Hanwha Total CEO named head of French trade advisers network in Korea

Hanwha Total Petrochemical co-CEO Jean Marc Otero del Val was appointed the Korea head of French Foreign Trade Advisors (CCE), the company said Tuesday.

Nam Hyun-woo | 2019-07-16 17:17

International Gas Union dismisses doubts on LNG

Liquefied natural gas (LNG) is a “reliable tool” helping countries meet national and international climate targets when other clean energy technologies fail, a global organization of LNG producers said Tuesday.

Nam Hyun-woo | 2019-07-12 17:34

Supporting food truck entrepreneurs

S-Oil CEO Hussain A. Al-Qahtani, fifth from left, poses with Work Together Foundation Chairman Song Wol-joo, fourth from left, and food truck entrepreneurs for a photo at Yeouido Hangang Park in Seoul, July 12. The refiner donated 100 million won ($84,912) to support the fuel costs of food truck entrepreneurs. / Courtesy of S-Oil

Kwak Yeon-soo | 2019-07-12 17:18

Kumho Petrochemical spurs R&D efforts

Kumho Petrochemical has been bolstering R&D efforts and improving cross-departmental collaboration to ensure sustainable growth amid growing global uncertainties, the company said Thursday.

2019-06-27 17:05

S-Oil pledges to invest W7 tril. for ethylene facilities

S-Oil will invest 7 trillion won ($6 billion) by 2024 to build facilities producing ethylene and other basic chemicals in part of the company's bid to expand its businesses from refining and chemicals, the refiner announced Wednesday.

Nam Hyun-woo | 2019-06-26 17:00

Massive S-Oil facilities ready to produce high-value products

S-Oil's new Residue Upgrading Complex (RUC) and Olefin Downstream Complex (ODC) facilities will play a spearheading role in the refiner's expansion into the petrochemical business. Matching their significant role, the facilities are immense in size.

Nam Hyun-woo | 2019-06-26 10:05

S-Oil widens portfolio from refining to chemicals

S-Oil has finished part of its expansion of its business portfolio by completing a 5 trillion won ($4.33 billion) project to build facilities creating high value-added petrochemical products from low value residual oil.

Nam Hyun-woo | 2019-06-26 10:05

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