EU approves €95m Polish aid for LG Chem’s EV battery plant expansion

The new plant is expected to supply batteries for more than 295,000 EVs every year in the European Economic Area

Individual contributions in largest oil stock release in IEA history confirmed

The total amount committed to date stands at 61.7m barrels of IEA member countries’ emergency oil stocks in response to Russia’s invasion of Ukraine

Key permit granted for floating offshore wind project in South Korea

Korea Floating Wind, a joint venture between Ocean Winds and Aker Offshore Wind, has obtained the Electric Business Licence for a capacity of 870MW and expects the second to follow for a 450MW capacity

New partnership targets large-scale renewable energy projects in South Korea

Diode Ventures and Energy Innovation Partners have teamed up to form The Green Korea, which will finance, build and operate renewable and data infrastructure projects across the country

EU blocks Hyundai and Daewoo shipbuilding merger

The Commission found the merger between the two South Korean shipbuilders would reduce competition in the global market for the construction of large LNG carriers

South Korea to host ‘Asia’s first’ polypropylene plastic waste recycling facility

The plant in Ulsan is expected to have an annual capacity to process 60,000 tons of plastic waste

BayWa r.e. to build floating offshore wind in South Korea

It has signed an agreement with the city of Ulsan to deploy the renewable project across its coast and help boost Korean clean infrastructure

New partnership to scale clean hydrogen and carbon black tech in South Korea

Monolith has developed a process technology that uses 100% renewable energy to convert natural gas into clean hydrogen and a solid carbon material called carbon black, used in the automotive and industrial sectors

South Korea to build huge floating offshore wind farm at East Sea gas field

The £23bn project is forecast to create 210,000 jobs

South Korea’s ‘first’ electric passenger ferry makes a splash

The vessel will carry more than 100 passengers and will enter operation in 2022