lotte hydrogen ammonia
Scope
Date
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Petrochemicals
Lotte Fine Chemical transforms from ugly duckling to golden swan
For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...
Feb 13, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan joins forces with S.Australian gov't to expand hydrogen business
Doosan Fuel Cell plans to expand its hydrogen business overseas. The company on Thursday said it had signed an agreement with the state of Sout...
Feb 09, 2023 (Gmt+09:00)
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Hydrogen economy
S.Korean firms showcase hydrogen offerings in United States
South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...
Feb 09, 2023 (Gmt+09:00)
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Hydrogen economy
Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia
South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...
Feb 08, 2023 (Gmt+09:00)
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Lotte Group to directly control global real estate unit
Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...
Feb 07, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Ineos Chemical to expand vinyl acetate monomer plant
Lotte Ineos Chemical, South Korea's lone maker of acetic acid and vinyl acetate monomer (VAM), on Monday said it will expand its VAM output capacity...
Feb 06, 2023 (Gmt+09:00)
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Construction
Lotte Construction develops eco-friendly concrete
Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...
Feb 06, 2023 (Gmt+09:00)
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Business & Politics
Korea boosts energy cooperation with natural resource-rich W.Australia
South Korea has boosted its energy cooperation with Western Australia, the biggest of Australia's six states and packed with natural resources.Minis...
Jan 31, 2023 (Gmt+09:00)
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Carbon neutrality
Doosan advances domestic development of green hydrogen turbine
South Korea's Doosan Enerbility Co. on Sunday said it signed a memorandum of understanding on Friday with 10 domestic companies and universities at ...
Jan 30, 2023 (Gmt+09:00)
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Retail
Lotte's virtual human Lucy makes successful debut on live commerce
Lotte Home Shopping said on Thursday that its virtual model Lucy will appear in monthly live commerce broadcasts on its official YouTube channel.Luc...
Jan 27, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free wins bid to operate Melborune Airport duty-free shop
Lotte Duty Free, an affiliate of the Lotte Group, won a bid for an Australian airport duty-free shop business, accelerating its move to bolster over...
Jan 25, 2023 (Gmt+09:00)
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Travel & Leisure
Lotte Tour signs with Costa Cruise to resume Korea-Japan routes
Lotte Tour Development Co. signed on Monday an agreement with Costa Cruise, an Italian cruise line, to charter cruise ships in Dubai, the United Ara...
Jan 19, 2023 (Gmt+09:00)
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Food & Beverage
Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years
South Korea-based Lotte Confectionery Co. will invest 4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...
Jan 18, 2023 (Gmt+09:00)
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Future mobility
SK Innovation-invested Amogy tests ammonia-powered heavy truck
Amogy Inc. has successfully tested its ammonia-hydrogen power system for large-size semi trucks – the first time that ammonia has been used as...
Jan 18, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Chem to sell Pakistan unit for $156 mn to finance other projects
Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the country as the South K...
Jan 16, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte to invest more in US bio biz, spend $3 bn in Korea
SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...
Jan 11, 2023 (Gmt+09:00)
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Hydrogen economy
SK E&S, Plug Power agree to strengthen hydrogen partnership
SK E&S CEO Choo Hyung-wook met with Plug Power CEO Andy Marsh at CES 2023 in Las Vegas on Jan. 5 to discuss ways to strengthen cooperation in th...
Jan 11, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Chemical conducts product risk assessment first time in Korea
Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...
Jan 10, 2023 (Gmt+09:00)
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Capital raising
Lotte E&C, Meritz Securities conclude $1.2 billion investment deal
Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...
Jan 10, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Lotte Chem to raise sales 65% with more advanced materials
LAS VEGAS -- South Korea’s Lotte Chemical Corp. seeks to ramp up sales 65% in nearly 30 years by increasing production of advanced materials, ...
Jan 09, 2023 (Gmt+09:00)
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Metaverse
Lotte showcases metaverse shopping pavilion at CES 2023
Sitting on a chair, people with head-mounted displays enter a virtual world where they can choose their preferred avatars.Through these avatars, the...
Jan 09, 2023 (Gmt+09:00)
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Food & Beverage
Lotteria launches renewed soybean-based meat burger
Lotteria, South Korea's fast food franchise run by Lotte GRS, launched "Ria Miracle Burger II" with 100% plant-based patties using soy protein.It is...
Jan 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota
Hyundai Motor Co.'s hydrogen fuel cell car model Nexo far surpassed Toyota in the world's market share. According to SNE Research, a market research...
Jan 05, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Lotte Chemical to take part in CES for first time
South Korea's Lotte Chemical Corp. for the first time will take part this month in CES, the world's largest information technology and home applianc...
Jan 04, 2023 (Gmt+09:00)
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Energy
S.Korea's Daehan Green Power invests in energy superstation biz
South Korea's Daehan Green Power has entered the green hydrogen sector, a new growth engine, through an energy super station project.The company on ...
Jan 03, 2023 (Gmt+09:00)
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Energy
SK Energy expands fusion urban fuel cell business
SK Energy has teamed up with new and renewable energy companies to develop urban distributed power generation and electric vehicle charging.The comp...
Dec 28, 2022 (Gmt+09:00)
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Business & Politics
Doosan Enerbility to introduce ammonia co-fired power plant in Vietnam
Doosan Enerbility Co. plans to introduce an ammonia co-fired power plant in Vietnam jointly with South Korean and Vietnamese research institutes.Sou...
Dec 23, 2022 (Gmt+09:00)
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Energy
Hyundai Heavy Industries Group develops dual LNG-hydrogen engine
Hyundai Heavy Industries (HHI) Group has developed South Korea's first hybrid engine that uses liquefied natural gas (LNG) and hydrogen.The group's ...
Dec 23, 2022 (Gmt+09:00)
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Future mobility
Lotte mulls building transit hubs in retail stores for air taxis, drones
South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...
Dec 22, 2022 (Gmt+09:00)
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Retail
Lotte Mart opens 50th Indonesian store in Serpong
Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...
Dec 22, 2022 (Gmt+09:00)