Tag: ammonia

ammonia

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Korea faces new waters in pursuit of Japan, China in ammonia vessels

Ammonia seems to be the new green breakthrough in next-generation carbon-neutral fuel, and Asian shipbuilders are rearing to take the lead in the burgeoning market, a market that appears more and more of a necessity with LNG orders drying up.

2025.7.17

A rendering of a very large ammonia carrier built by HD Korea Shipbuilding & Offshore Engineering [HD KSOE]

HD KSOE to build 4 very large ammonia carriers for European shipper

HD Korea Shipbuilding & Offshore Engineering (KSOE) inked a $432.4 million order for four very large ammonia carriers (VLAC) for a European shipper.

2023.12.1

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Pictured is Korean shipbuilder Hanwha Ocean's ammonia carrier. [YONHAP]

Hanwha Ocean lands $125M ship order from Oceanian client

Korean shipbuilder Hanwha Ocean, an affiliate under Hanwha Group, received a 163 billion won ($125 million) ammonia ship order from a client in the Oceania region, according to the company on Monday.

2023.11.27

SK Gas CEO Yoon Byung-suk, who talked about the company’s necessary expansion into the hydrogen energy business in an interview with the Joongang Ilbo on Friday. [KIM JONG-HO]

[INTERVIEW] SK Gas CEO urges gradual shift to renewable energy

Despite rapid growth in the EV market, the world is still heavily reliant on nonrenewable energy. SK Gas CEO Yoon Byung-suk stresses the importance of a gradual move towards environmentally friendly power in an interview with the JoongAng Ilbo.

2023.11.22

Pictured is Hanwha Ocean's shipyard at Geoje, South Gyeongsang. [JOONGANG PHOTO]

Korea to spend $534M to help shipbuilders through 2028

The Industry Ministry said Wednesday it plans to spend 710 billion won ($534 million) through 2028 in line with efforts to develop cutting-edge shipbuilding technologies, including carbon-free fuel.

2023.11.15

S-Oil has signed a letter of intent with Aramco to procure low-carbon ammonia. [S-OIL]

S-Oil partners with Aramco to import low-carbon ammonia

Korean petroleum company S-Oil has signed a letter of intent with Aramco to import low-carbon ammonia for its efforts to reduce greenhouse gas emissions.

2023.10.25

Cho Ju-ik, right, head of hydrogen business at Posco Holdings, takes a photo with Chris Bohn, chief financial officer of CF Industries after signing an agreement on Thursday. [POSCO HOLDINGS]

Posco Holdings, CF Industries team up for ammonia production

Posco Holdings has partnered with CF Industries to produce blue ammonia in Louisiana. The project aims to reduce carbon emissions by 90 percent and contribute to Posco's goal of achieving carbon neutrality by 2050.

2023.9.14