Hyundai Motor Co. has scrapped its plan to build a liquefied natural gas (LNG)-powered thermal power plant and would instead accelerate the installation of solar panels at its major factories.
The top South Korean carmaker wanted to construct an LNG power station at its Ulsan plant and to self-supply about 70 percent of its energy needs as part of efforts to cut carbon emissions as well as to reduce reliance on the Korea Electric Power Corp. (KEPCO).
Installing its major factories in and out of South Korea with solar panels would reduce its reliance on foreign electricity suppliers and foster the use of renewable energy power purchase agreements.
Hyundai Motor would build its new plants to be 100 percent compatible with renewable energy starting from the design stage.
It intends to meet 100 percent of electricity demand from its factories with renewable energy by 2045.


Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
Fungi are among the planet’s most important organisms — yet they continue to be overlooked in conservation strategies
LA fires: Long-term exposure to wildfire smoke is poorly understood − and a growing risk
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease
Visa to Move European Headquarters to London’s Canary Wharf 



