News

Announcement from The Hon Angus Taylor, Minister for Industry, Energy and Emissions Reduction

South Korea will sharply increase the adoption of hydrogen as a fuel of transportation, industrial plants and power generators to become the world’s leading hydrogen economy, President Moon Jae-in said on Thursday.

On Tuesday 5 October, Australia-Korea Business Council (AKBC) and Korean Embassy, co-hosted the 2021 Australia-Korea New Energy from 11.00AM – 2.00PM (AEDT) via Zoom. Dr Alan Finkel AO delivered the key note speech.

Highlights from the 2021 Australia-Korea New Energy Forum 

The Western Australia-Korea Business Forum brought together roughly 100 executives active in the Western Australia–Korea relationship in Perth on 17 August, 2021.

Seoul researchers have developed a technique to recycle discarded solar panels, creating high-performance solar cells.

During Minister Dan Tehan MP’s trip to South Korea, SK E&S and the Australian Government agreed to work together to collaborate on eco-friendly gas field.

Australia and Korea have agreed to expand cooperation to stablise the supply chain for critical minerals. On 19 July, Yoo Myung-hee, Korean Minister for Trade from Minister of Trade, Industry and Energy (MOTIE) met with Dan Tehan MP, Australian Minister for Trade, Tourism, and Investment to discuss ways to work together to stabilise the supply chain for critical minerals.

Today, Australia-listed lithium miner Vulcan Energy Resources said it has signed a long term supply agreement to sell lithium hydroxide from its project in Germany to LG Energy Solution.

LOTTE chemical Group, which is part of #Korea’s fifth-largest conglomerate, Lotte Group is investing $3.8 billion in #hydrogen projects by 2030, a move away from its mainstay petrochemicals.