HD Korea Shipbuilding & Offshore Engineering (HDKSOE) announced on December 18 that it has been included in 2024 Dow Jones Sustainability Index (DJSI) World Index by S&P Global for the first time in the Korean shipbuilding industry.DJSI is a global evaluation index that reflects the ESG (environmental, social and governance) management performance of a company. The most prestigious DJSI World Index comprises only 250 companies with the top 10% of the evaluation scores among the top 2,500 companies by market capitalization worldwide. In Korea, about 20 companies were included.HDKSOE was included in the DJSI World Index for the first time this year. The company received excellent evaluations in the areas of ▲Establishment of climate change response strategy ▲Advanced human rights management system ▲Strengthening supply chain ESG management ▲Advanced HSE policy ▲Strengthening ESG risk management.An official from HDKSOE said, “Earning a spot in the DJSI World Index is the result of our efforts for sustainable management. We will continue to make efforts to spread the ESG management culture throughout the shipbuilding industry.”

HD Hyundai Infracore unveiled its hydrogen engine technology, which is heralded as a next-generation energy source, and development roadmap.The company announced on the 25th (Wednesday) that it participated in ‘H2 MEET 2024,’ the largest hydrogen industry exhibition in S. Korea, held at KINTEX for three days from the 25th (Wednesday) to 27th (Friday).At this exhibition, it undertook promotional activities by showcasing a generator system utilizing the 11-liter hydrogen engine ‘HX12’ and the 22-liter hydrogen engine ‘HX22’ for large trucks and unveiling a product line that can be applied to hydrogen engines.In particular, the hydrogen engine developed by HD Hyundai Infracore features a maximum output and torque that is more than double-digit percent higher in displacement than those of overseas competitors through optimal performance design, and makes it easy to retrofit (remodel) old vehicles by utilizing the conventional internal combustion engine platform as it is.Additionally, the hydrogen engine is more competitive in price and has higher output than other next-generation power sources, such as electric batteries and hydrogen fuel cells.HD Hyundai Infracore will also participate in the 'Tech Talk' held during the exhibition period to introduce the current status of hydrogen engine technology development and delineate the hydrogen engine development roadmap, including areas where hydrogen engines can be applied in the future.The company has embarked on developing hydrogen engines in 2022, with plans to mass-produce hydrogen engines for trucks starting in the second half of 2025. In 2026, the company plans to mass-produce 11-liter hydrogen engines for power generation, and then expand its application to large trucks and high-power special equipment by developing a high-output hydrogen engine by 2027.It recently won a bid for the ‘Direct Injection Hydrogen Engine Technology Development’ project commissioned by the Korea Institute for Advancement of Technology, and is jointly developing a direct injection hydrogen engine with 10-25% higher output and torque than the conventional port injection method by 2027 in partnership with the Korea Automotive Research Institute (KATECH), the Korea Advanced Institute of Science and Technology (KAIST), Germany-based FEV, and U.S.-based University of Michigan.Last August, the company won a contract for the government's first domestically produced hydrogen fuel-cell engine generator demonstration project commissioned by the Korea Institute of Energy Technology Evaluation and Planning.An official of HD Hyundai Infracore said, "Based on ongoing technology development and investment, we have been able to showcase a hydrogen engine on the verge of commercialization at this exhibition," and added, "We will actively develop products that can be applied to various demand sources and contribute to the transition to a carbon-neutral society."

▶South Korea’s first oil refinery to export the product through Japanese trading company Marubeni▶The first case of Japan importing sustainable aviation fuel from South Korea… The company to expand exports to Europe and other countriesHD Hyundai Oilbank (CEO Chu Young-min) announced on June 17 that it would begin exporting sustainable aviation fuel (SAF) as the first such instance in South Korea.SAF produced by HD Hyundai Oilbank will be supplied to Marubeni, a Japanese trading company, and will be used by ANA Airlines (All Nippon Airways). This is the first time that Japan has imported SAF from South Korea. Korea National Oil Corporation (KNOC) participates in this project by storing at and shipping SAF from its tank terminals.SAF is an eco-friendly fuel produced from bio-based raw materials such as waste cooking oil rather than fossil fuels, and is considered the most effective way to reduce carbon emissions in the aviation industry. The product produced this time involves a co-processing method in which petroleum-based raw materials and animal and plant-based bio raw materials are inputted together into HD Hyundai Oilbank's existing oil refining facilities.Meanwhile, in accordance with the International Civil Aviation Organization (ICAO)'s carbon emissions reduction goal, the Japanese government has announced a policy to replace 10% of aviation fuel demand with SAF by 2030. HD Hyundai Oilbank plans to actively attack the market in preparation for increased demand for SAF not only in Japan but also in Europe.Park Jin-hyuk, Managing Director of HD Hyundai Oilbank’s Global Business Division, said, “As global demand is increasing, we will secure leadership in the global market for sustainable aviation fuel through active exports.” He added, “We will also expand exports of co-processing biofuels such as bio-naphtha and bio-diesel.”