Korea's industry ministry discussed energy security and climate crisis solutions with Britain, following their pledge to expand cooperation in clean energy during President Yoon Suk Yeol's state visit to London in November.
The global transition toward clean energy has transformed the way SABIC, Saudi Arabia’s largest petrochemicals group owned by Aramco, operates and fosters collaboration.
Korean and Dutch leaders pledged closer cooperation on semiconductors, renewable energy and defense and elevated their diplomatic relations to a ‘strategic partnership’ during a summit meeting on Thursday.
GS Holdings announced it will invest 21 trillion won ($16.5 billion) over the next five years to ensure future growth.
Six Korean companies including Posco and Samsung C&T have agreed to work together to promote the transition to clean energy, pledging to build a clean energy terminal in the eastern part of the country.
The government has set a goal of being able to produce 27.9 million tons of "blue" and "green" hydrogen gas by 2050. The cleaner forms of hydrogen will account for 60 percent of the hydrogen available for use Korea.
Korea JoongAng Daily Sitemap