South Korea's Doosan Heavy Industries & Construction Co. (DHIC) and it's British subsidiary Doosan Babcock will provide pressurizers to the global artificial sun project of the International Thermonuclear Experimental Reactor (ITER) consortium by 2022.
The ITER is determining if it could create an artificial sun on Earth, or a limitless energy resource with the use of a super-hot plasma field, and naturally abundant tritium and deuterium.
The pressurizers will be used to retain pressure and protect the reactor from overpressure ed the heat exchange system.
Construction of the reactor began last month in Cadarache, France, and is slated for completion by 2025.
The reactor would begin operations by 2042.
The ITER consortium counts South Korea, the EU, the US, Japan, Russia, India, and China as members.
DHIC is repaying 3 trillion won in debts.
It is set to issue and sell shares worth 1.3 trillion as part of its efforts to satisfy its obligations.


Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 



