Hanwha Worldwide News: June-2023
Worldwide News
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China 레이어 닫기
- Hanwha Chemical (Ningbo) Co., Ltd HNC Receives “2022 Industrial and Manufacturing Enterprise with Outstanding Contributions” and “Waste-Free Factory” Recognition
On May 8 at the High-Quality Economic Development Conference held in the Beilun District of Ningbo City, China, representatives of local businesses discussed plans to create a better future through entrepreneurship and innovation.
The conference featured 15 awards for various enterprises and units who were recognized for their exceptional achievements in their sector, empowering both members of the organization and the broader community. Hanwha Chemical (Ningbo) (HNC), the largest among Hanwha Group’s investments in mainland China, proudly received the 2022 Industrial and Manufacturing Enterprise with Outstanding Contributions awards.
HNC contributed to the foundation for Beilun’s innovative development and stable growth with its advanced solutions, including its sustainable waste reduction program. As economic growth in China has surged, municipal solid waste has become a significant concern in urban areas such as Ningbo. As a port city, Ningbo has diverse industrial facilities and a large population of 3.1 million people, yet waste remains a primary concern. Recognizing the importance of achieving sustainable development, addressing waste issues is crucial in attaining harmony between urban development and environmental concerns.
Accordingly, HNC has continued to make efforts to reduce solid waste throughout its operations and improve the process of collecting, transporting and disposing of solid waste. In this way, the company is laying the groundwork for comprehensive resource conservation and promotion of circular use of resources. As a result, HNC’s sustainable efforts have contributed to the country’s “zero waste city” program within Ningbo City and the company was honored by being named a “Waste-Free Factory” in 2022.
These two achievements serve as recognition for HNC’s tireless efforts within 2022. In 2023, HNC will continue to develop and innovate within China, providing the best products and services for its customers and local communities.
The Netherlands 레이어 닫기
- Thomassen Energy Hanwha Exhibits Cutting-edge Clean Energy Solutions at the World Hydrogen Summit
This year, the World Hydrogen Summit was held in the city of Rotterdam from May 9 to May 11, with over 11,000 visitors in attendance. Various organizations from across the globe, including Europe, Australia, Southeast Asia, the Middle East, Africa and the Americas came together to form partnerships in pursuit of hydrogen supply projects around the world, including in the city of Rotterdam. As such, over 600MW of electrolyzer projects have been committed to in the coming years in the city.
At the event, Thomassen Energy positioned the retrofit of existing gas turbine power plants with low emission carbon-free combustion technology as the key for decarbonizing the power generation sector. This unique gas turbine combustion technology will be essential for helping the Netherlands as well as Europe to achieve the stringent carbon emissions targets outlined in the EU’s 2030 Climate Target Plan. It was developed through the combined technical expertise of Thomassen Energy and Power Systems Manufacturing (PSM), which together form the core of parent company Hanwha Impact’s gas turbine service group.
Thomassen Energy shared the stand with Hanwha Cimarron, Hanwha’s energy storage solutions provider, and Hanwha Power System (HPS), showcasing several innovations for the clean energy economy. One such innovation was the Thomassen FlameSheet™, a piece of cutting-edge technology that enables the consumption of versatile fuels, including hydrogen and refinery off-gas, while reducing nitrogen (NOx) emissions. Additionally, the Cimarron Neptune ultra-high pressure storage tank and Cimarron drone H2 storage container, which both store hydrogen safely, were on display.
Visitors to the Hanwha booth could get a first-hand view of both the FlameSheet™ and the Neptune storage tank. As the storage tank weighs around a ton and measures 6 meters in length, installing it within the booth was a challenging task. Despite the challenges, installation was successful and attracted the attention of many attendees. Peter Stuttaford, CEO of Thomassen Energy, also presented on the decarbonization possibilities for gas turbines in the future, gathering a sizeable crowd during peak hours of the event.
Over the course of the two days, Hanwha’s extensive hydrogen portfolio generated significant interest from conference attendees, showing the growing need for clean energy solutions in the industry. Hanwha and its subsidiaries, including Thomassen Energy, Hanwha Cimarron and Hanwha Power Systems, have the necessary expertise and resources to help accelerate the development and adoption of hydrogen as a clean energy source. As such, Hanwha strives to create a greener and more sustainable future.
United States of America 레이어 닫기
- Hanwha Cimmaron Hanwha Cimarron Makes Breakthrough in Aerospace Industry with Supply of ASME High-Pressure Nitrogen Tanks to Stoke Space
On May 9, Hanwha Cimarron, a subsidiary of Hanwha Solutions, announced the successful delivery of its ASME-certified “Neptune” high-pressure storage tank to Stoke Space, an industry pioneer in the aerospace field. Products that receive ASME certification have been verified to uphold the highest standards in public safety and quality, a testament to the high technical reliability of the Neptune product. These tanks will be utilized for dedicated ground nitrogen storage facilities, supporting aerospace research and development. This accomplishment represents a substantial leap for Hanwha Cimarron in the commercial sector, as it is the first time a private company has provided tanks for aerospace use, establishing Hanwha Cimarron as a leading player in the high-pressure aerospace tank field.
Stoke Space, founded by former Blue Origin rocket engine development researchers Andy Lapsa and Tom Feldman, actively pursues the development of reusable rocket technology and draws inspiration from SpaceX's achievements. Their rocket design, featuring 30 small thrusters arranged in a unique ring, showcases their innovative approach to space travel. Stoke Space aims to revolutionize spaceflight technology by enabling faster and more cost-effective travel beyond Earth.
Hanwha Cimarron's manufacturing expertise in ASME-certified high-pressure tanks, specifically the type 4 Composite Overwrapped Pressure Vessels (COPV), was the primary reason it was selected as the supplier for this contract. The Neptune tanks prioritize durability as they were primarily designed for ground storage. Notably, Hanwha Cimarron's Neptune product stands out as the sole high-pressure tank among all other Type 4 tanks, successfully surpassing pressure tests exceeding 20,000 cycles, thanks to its proprietary liner coating technology. Called anti-buckling technology, this lining allows hydrogen to be fully extracted without any damage to the interior of the tank, proving to be more efficient and offer more storage capacity for hydrogen.
The collaboration between Hanwha Cimarron and Stoke Space highlights Hanwha Cimarron's ability to meet the increasing demand for high-pressure tanks within various industries as well as the increasing advancements in aerospace technology within the United States. With its technological capabilities and innovative solutions, Hanwha Cimarron has positioned itself as a leading supplier in both the global hydrogen and aerospace sectors. This collaboration will not only shape the future of space exploration, but also foster enhanced cooperation between international companies around the world, paving the way for further advancements.
Vietnam 레이어 닫기
- Pinetree Securities Pinetree Announces Strategic Partnership With Nam A Bank to Enhance Digital Transformation in the Finance Sector
On April 17 in Ho Chi Minh City, Pinetree Securities Corporation (Pinetree) and Nam A Commercial Joint Stock Bank (Nam A Bank) announced a strategic partnership to deliver valuable financial products and services with cutting-edge digital solutions.
As one of the first joint stock commercial banks of the Vietnamese banking system, Nam A Bank is serving millions of customers across the country with outstanding services and preferential products, such as all-in-one free banking accounts with the most competitive saving interest rate in the market. Nam A Bank has also been consistently investing in their digital ecosystem, including upgrading the core bank system and launching its new digital banking application. Similarly, Pinetree, with financial and strategic business support from Hanwha Group, is providing millions of Vietnamese investors with the lowest fee policy and the fastest, most stable trading system thanks to its differentiated digital-only platform strategy.
Sharing the same passion and direction of digitalization in the finance field, both companies will be able to leverage their strengths through this partnership to provide exceptional end-to-end solutions to customers. Pinetree will use its extensive experience and expertise in the securities market to deliver valuable investment opportunities to Nam A Bank’s users, while Pinetree’s users will benefit from access to a wide range of digital banking services provided by Nam A Bank. From expanding both sides’ customer base and building beneficial service packages to mutual customers, to maximizing both sides’ financial resources and capabilities in investment banking (IB) areas, the cooperation will be executed in several stages and strengthen existing digital finance systems.
Jun Hyuck Lee, General Director of Pinetree, stated, “This partnership represents a significant opportunity for us to expand our offerings and exposure to more Vietnamese investors with better digital services and more valuable investment products. We look forward to working closely with Nam A Bank to deliver exceptional wealth management solutions for more and more Vietnamese people.”
Through its expanding partnerships, Pinetree will continue developing digital finance solutions that create value for customers and enable them to grow and invest in their financial future.