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Aker Solutions and EDP Renewables to Develop Floating Wind Farm in Ulsan, South Korea

Aker Solutions and EDP Renewables to Develop Floating Wind Farm in Ulsan, South Korea

October 21, 2019 No Comments

The consortium was formed as EDP Renewables, one of the top wind energy producers globally, and Aker Solutions, an engineering and technology company with a 40-year track record of realizing offshore projects, have invested in the development company Korea Floating Wind Power (“KFWind”), joining founding shareholder WindPower Korea. Principle Power, which had a role in […]

Floating Wind Farm in Ulsan, South Korea

Floating Wind Farm in Ulsan, South Korea

October 18, 2019 No Comments

Aker Solutions and EDP Renewables to Develop Floating Wind Farm in Ulsan, South Korea WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea. The consortium was formed as EDP Renewables, […]

Hanwha Total Petrochemical Increases Ethylene Production Capacity by 30%

Hanwha Total Petrochemical Increases Ethylene Production Capacity by 30%

September 17, 2019 No Comments

The Daesan integrated refining and petrochemicals complex in South Korea, owned by Hanwha Total Petrochemical , has started its new ethylene production capacities. With a $450 million investment, the site can now produce 1.4 million tons per year of ethylene, an increase of 30%. This project was launched in April 2017 and is the first […]

Equinor JV for Floating offshore wind project in South Korea

Equinor JV for Floating offshore wind project in South Korea

July 11, 2019 No Comments

Equinor , Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea. The consortium is currently launching the development of a 200MW floating wind farm to be located close to the KNOC-operated Donghae […]

Saudi Aramco advances global chemicals strategy with S-Oil expansion project

Saudi Aramco advances global chemicals strategy with S-Oil expansion project

June 26, 2019 No Comments

Saudi Aramco is advancing its global chemicals growth strategy with today‘s inauguration of S-Oil’s new Residue Upgrading Complex and Olefin Downstream Complex. The new facilities feature the latest refinery technologies, which have raised S-Oil’s petrochemical portion from 8% to 13% and includes high-value products such as propylne and gasoline. The inauguration of the complex was […]

ABB to support South Korea’s greener future

June 18, 2019 No Comments

Korea Electric Power Corporation (KEPCO), the country’s largest electric utility, awarded ABB Power Grid’s business with a large order to build two new converter stations. One station on the mainland converts the power from alternative current (AC) to direct current and transfers the electricity by undersea cable with almost no losses to Jeju Island, where […]

Tags: , Renewables
ADNOC and SKEC to Build World’s Largest Single Underground Oil Storage in the UAE

ADNOC and SKEC to Build World’s Largest Single Underground Oil Storage in the UAE

February 27, 2019 No Comments

The Abu Dhabi National Oil Company (ADNOC) announced today that it is building the world’s largest single underground project ever awarded for oil storage, with a capacity of 42 million barrels of crude oil, in the Emirate of Fujairah on the eastern coast of the United Arab Emirates. An Engineering, Procurement and Construction (EPC) contract […]

KNOC and Equinor sign MOU

KNOC and Equinor sign MOU

February 15, 2019 No Comments

Korea National Oil Corporation (KNOC) and Equinor ASA have signed a Memorandum of Understanding to jointly explore the opportunities to develop commercial floating offshore wind in South Korea. “South Korea has large potential and offers attractive opportunities within offshore wind. We are pleased to sign a MoU with KNOC to strengthen our collaboration. We look […]

Hanwha Total Petrochemical Invests in a new polypropylene plant

Hanwha Total Petrochemical Invests in a new polypropylene plant

December 3, 2018 No Comments

Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500 million to further expand its Daesan integrated refining and petrochemical complex in South Korea. The planned investment will increase polypropylene capacity by close to 60% to 1.1 million tonnes per year by the end of 2020. The ethylene capacity will […]

Hanwha Total Petrochemical Invests to Expand Its Polymer Production

Hanwha Total Petrochemical Invests to Expand Its Polymer Production

December 11, 2017 No Comments

Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest more than $300 Million to expand its integrated refining & petrochemicals platform located in Daesan, South Korea. The investment will increase the site’s polyethylene capacity by more than 50% to 1.1 million tons per year by the end of 2019. This project […]

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