Bloomberg Global Innovation Index: Korea on top.

2015_02_bloomberg

Source: Bloomberg.

 

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KOMIPO, Hyundai Heavy, Polaris Shipping, Siemens to jointly develop world’s first mobile power ship

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An artist’s rendering of a mobile power ship. Source: Korea Herald.

The world’s first project to build a large-scale power generation ship was launched on Tuesday in Seoul as three Korean industrial giants and German-based Siemens signed a memorandum of understanding at Coex InterContinental Hotel, companies said. Three Korean the companies joining the project are Korea Midland Power Co., Hyundai Heavy Industries and Polaris Shipping.

The four companies formed the consortium to install an 880-megawatt power-generating facility on a floating storage regasification unit, or FSRU. The project will require a total investment of $940 million.

Target overseas markets will include the Philippines, Indonesia, Brazil and other countries where the power rate is high and power shortages have become a critical issue.  The partner firms expect that cost-saving power ships could appeal to overseas power markets since they can reduce civil complaints as they do not require large-scale sites on land and will cut costs required to install new power cables.

For full article, see Korea Herald.

Water expert calls for more collection of rainfall

2013_04_watercollectionIn the early 2000s, a stifling heat blanketed many parts of Korea for months, triggering severe water shortages especially in rural areas and islands. The prolonged drought had put top water expert Han Moo-young at bay by “depriving him of the stuff to treat,” as he put it. But it was also a watershed moment in his career as it brought home to the engineering professor at Seoul National University the worth of a very basic component of nature: rain.

“Then it finally rained for such a long time, but people didn’t like it because it makes you wet and causes inconvenience,” he said in a recent interview with The Korea Herald. “In contrast, I thought I would do some work with rainfall possibly to reuse it later. But it turned out there was nothing much to treat because the water quality was really good.”

Then he began delving into a technology called rainwater harvesting, where rain is collected from relatively clean surfaces such as rooftops, rocks or the ground and stored for later use. In 2001, Han set up the Rainwater Research Center, a first of its kind here, at SNU where he teaches civil and environmental engineering. He has since then been advising central and local governments in Korea and proving free consultations for agencies and institutions in water-scarce developing countries to help them adopt the method.

For full article, see Korea Herald.

Korea’s shipbuilders turn to green ships

2013_02_shipbuildingSouth Korea’s struggling shipbuilding industry seeks to find breakthroughs with their focus toward green and energy-efficient ships. The industry’s winning strategy in the ongoing economic recession came from the market landscape where ship owners shift toward green and energy-efficient ships as a way of cutting fuel costs and environment standards are increasingly enhanced.

The nation’s top three shipbuilders including Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering and even mid and large-sized ones including Hyundai Mipo Dockyard and SPP Shipbuilding bet on building eco-friendly ships, according to the shipbuilding industry Monday.

The nation’s top three shipbuilders are likely to compete in the race to secure an 18,000 TEU (Twenty-foot equivalent units) container ship order issued by the Middle East-based shipping company United Arab Shipping Company (UASC). The orders are worth a whopping $2 billion in total.

For full article, see Maeil Business.

POSCO develops technology to extract lithium from seawater

POSCO said Thursday its affiliated research center had developed technology to directly extract lithium from seawater that reduced production time from a year to a month. The Research Institute of Industrial Science and Technology succeeded in producing high yields of lithium from salt water using the new technology, POSCO said in a press release.

Whereas natural evaporation had left other elements of the salt water in the form of impurities, the new technology allows separate extractions of lithium as well as other high-value added elements such as magnesium, calcium, potassium and boron. POSCO filed for patents on about 30 related technologies at home and abroad.

Based on the new technology, POSCO plans to build lithium extraction plants overseas through cooperation with lithium producers that own the rights to the salt water.

For full article see Korea Herald.

Busan LED Marine Convergence Center unveiled new 6 marine LED products

Source: Korea IT News

“From improving marine ecosystem to growing fry and seaweed”. LED-Marine Convergence Technology R&D Center on February 21 unveiled 6 marine LED products and test bed, which it has developed for about one year since its opening.

The new products include “LED lighting for improving marine ecosystem,” “Lighting for growing fishes,” “Lighting for fluorescent fish,” ”Lighting for seaweed,” “Lighting for incubating,” and “LED lightening engine.”

These products with LED lighting will be helpful to improve undersea environmental pollution, grow fry, enhance aquarium effects, help germination of seaweed seeds, etc.

For full article see Korea IT News.

Solar energy generated on water surface

A solar power generation facility that can generate solar energy from a tranquil water surface has been unveiled. 

The Korea Water Resources Corp. (K-Water) said it had recently held a “commemorative ceremony for the launch of water surface energy generation” at Hapcheon Dam in Hapcheon County, South Gyeongsang Province, and had started the operation of the world’s first facility for generating pollution-free electricity using dams and lakes. The solar power generation facility at Hapcheon Dam has an output of 100 kW, enough for 30 households for a year.

K-Water plans to develop solar power development projects, amounting to 1,800MW, in phases at 31 dams nationwide by 2022. They will have a combined output of electricity that will cover the consumption of 560,000 households. They will effectively cut 1.6 million tons of carbon dioxide and bring about import substitution amounting to 3.95 million barrels of crude oil every year. 

For full article see Korea Science.