logo
KD Finechem Coolant Innovations for Sustainable Performance

KD Finechem Coolant Innovations for Sustainable Performance

Newsweek06-06-2025
Supplied by an entity that has paid the news provider for its placement; not impartial journalism.
As technology continues to soar to new heights, one thing remains a constant: heat management. No system can perfectly utilize 100 percent of the energy it generates, and cooling is an enormous economic and safety challenge for everything from automobiles to IT server infrastructure. Furthermore, cooling is not exempt from the green transformation sweeping through industries. Future solutions require innovation, and Korea's KD Finechem is leveraging its decades of experience developing and supplying coolant in the automotive sector to tackle modern problems.
Founded in 1973, KD Finechem has been a major supplier of coolant to Korean automakers and is presently leading the industry in developing coolants suitable for electrical systems, such as EVs and IT infrastructure, and environmentally conscious coolants. CEO Hyun Jin Park says that the industry has shifted toward greener vehicles, and demand for specialized coolant is increasing. "This change created new opportunities for us because traditional ICE vehicle coolants were a long-established market dominated by legacy suppliers," he explains. KD Finechem entered a competitive market where major automakers already had established suppliers. However, with the rise of EVs and FCEVs, major players are now open to exploring new partnerships with companies with specialized cooling solutions expertise.
Hyun Jin Park, CEO, KD Finechem Co., Ltd. Credit: Courtesy of KD Finechem Co., Ltd.
Hyun Jin Park, CEO, KD Finechem Co., Ltd. Credit: Courtesy of KD Finechem Co., Ltd.
By working closely with major Korean automakers, KD Finechem developed the first EV-specific coolant, which established the company's credibility with other OEMs. Park says that new industries require agility to innovate. "While the EV market is growing, it is still relatively small from the perspective of major petrochemical companies," he states. As a privately owned company, KD Finechem can react quickly and has the flexibility to invest in emerging markets early, giving it the first mover advantage. "This is why we can dedicate more resources to R&D, particularly in areas like EV batteries and even data centers," Park explains.
The company's core concepts are safety and reliability, and its efforts have been centered around direct collaboration with OEMs and real-life applications. "Our expertise extends beyond coolant formulation—it's also about optimizing the entire system," Park says. For FCEVs, the company has developed a noncorrosive coolant that can be used with more economical materials than titanium. Coolant for ICE vehicles can short-circuit an EV battery, leading to a fire, so it developed a nonconductive coolant, which it is currently working to extend its lifespan. The company also looks to source ethylene glycol, which is currently derived from petrochemicals, from eco-friendly sources. It is working with a company that has successfully produced ethylene glycol, with positive initial tests. Park describes the company's customers' priorities as reliability, safety and customized compatibility with their high-value infrastructure. "Our ability to develop highly specialized solutions, even for low-volume applications, gives us a unique edge in markets that large players tend to overlook," he says.
KD's permeable fuel-cell coolant dye. Credit: Courtesy of KD Finechem Co., Ltd.
KD's permeable fuel-cell coolant dye. Credit: Courtesy of KD Finechem Co., Ltd.
This agility is evident in KD Finechem's adaptability. Park explains that the company can easily adjust without significant infrastructure expansion. Because all coolants share monoethylene glycol as a base material, transitioning to new water-soluble formulations is seamless. "This flexibility gives us a competitive edge, enabling us to scale production efficiently while minimizing additional investment," Park says. The company has tailored its coolants not only for EVs and FCEVs but also for batteries, energy storage systems (ESS), data centers and high-speed charging cables. With AI data centers increasingly prioritizing lower operational costs and greater efficiency, KD Finechem is well positioned to pivot and meet the demands of these rapidly growing sectors.
As the world continues to rely on technology, Park only sees KD Finechem's global opportunities growing. "Our customers include any industry that deals with heat management," he states. Automotive and IT remain core targets in Europe and the United States, where the company already has local production facilities. However, liquid cooling is growing in both personal computing and, theoretically, even aerospace. Park summarizes this reality, "In an ideal system, no heat would be generated because all energy would be perfectly utilized. But until that becomes reality, thermal management will remain essential."
Global Network. Credit: Courtesy of KD Finechem Co., Ltd.
Global Network. Credit: Courtesy of KD Finechem Co., Ltd.
For more details, explore the website at: https://www.kdfinechem.com/en/
This report has been paid for by a third party. The views and opinions expressed are not those of Newsweek and are not an endorsement of the products, services or persons mentioned.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Prediction: Rivian Could Lose This $325 Million Revenue Source That Is Nearly 100% Profit
Prediction: Rivian Could Lose This $325 Million Revenue Source That Is Nearly 100% Profit

Yahoo

time42 minutes ago

  • Yahoo

Prediction: Rivian Could Lose This $325 Million Revenue Source That Is Nearly 100% Profit

Rivian is set to lose automotive regulatory credits that it has been able to sell to other automakers. Shares remain cheap enough for long-term investment. 10 stocks we like better than Rivian Automotive › Rivian Automotive (NASDAQ: RIVN) has an exciting future. This year, the electric vehicle (EV) company achieved several consecutive quarters of positive gross margins. And early next year, management expects to begin production of three new vehicles, all priced under $50,000. That could attract tens of millions of new potential buyers to Rivian's lineup. Despite the positives, there are some challenges ahead, including one that could eliminate a crucial $325 million profit source. For years, EV manufacturers have relied on government subsidies to increase demand for their products and help offset the steep cost of scaling up a capital-intensive business. These subsidies have generated billions of dollars in extra cash flow for EV producers over the decades. Several subsidies, however, are likely on their way out. Following the recent signing into law of President Donald Trump's budget bill -- the so-called "Big Beautiful Bill" -- EV tax credits will be phased out by the end of 2025. Several EV stocks experienced analyst downgrades on the news. Car buyers are increasingly cost conscious. Recent surveys suggest that more than 80% of them would cancel their orders if prices rose by 25%. The elimination of federal tax credits, which can total up to $7,500 per buyer, will effectively make EVs more expensive -- a strong headwind. But there's another program that could be even more destructive to the financial viability of EV makers like Rivian. In 2024, Rivian generated $325 million in revenue from the sale of automotive regulatory credits. State and federal governments were offering these credits as a way to spur production of low-emission vehicles. EV makers like Rivian earn them for producing low-emission vehicles. They can then sell these credits to other automakers that fail to produce enough low-emission vehicles. Apart from a little overhead, the sale of these credits results in essentially a 100% profit margin. In the fourth quarter of 2024 alone, Rivian sold roughly $300 million worth of regulatory credits. The company's total gross profit, meanwhile, was around $170 million. Without the sale of these credits, therefore, the company would have produced a sizable negative gross profit. The new budget bill calls for the elimination of fines for noncompliant automakers. This essentially eliminates any incentive for these automakers to buy excess regulatory credits from their fellow automakers. Will this result in a huge reduction in revenue and profit for Rivian? To answer that question, a few details need to be resolved. It's important to note that only federal regulatory credits will be affected. Credits earned under other government programs -- such as those in California or China -- won't be eliminated. How much of Rivian's credit sales stem from federal programs? It's tough to tell, given that the company doesn't break down credit sales by source. But analysts for Tesla believe around 75% of its credits are earned in the U.S., with maybe half coming from federal programs. These are very rough estimates, but using these figures, it's possible that Rivian would have generated around $120 million less in credit sales last year without federal programs -- or around $120 million less in profit. Given that it produced around $170 million in gross profit last year, the elimination of federal regulatory credits would still have left it with around $50 million in gross profit -- not bad for a business needing to prove to investors that it can sell its vehicles at a profit. Trading at just 2.8 times sales, expectations for Rivian are already low. And the elimination of federal regulatory credits won't sink the company on its own. But the company's growth timeline is now likely longer than previously expected. The company will have less cash to invest and may need to shelve some growth initiatives to keep the launch of its mass market vehicles on schedule. Still, for patient investors willing to look far beyond current subsidy changes, Rivian remains a promising long-term growth stock. Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Prediction: Rivian Could Lose This $325 Million Revenue Source That Is Nearly 100% Profit was originally published by The Motley Fool Sign in to access your portfolio

In rare earth metals power struggle with China, old laptops, phones may get a new life
In rare earth metals power struggle with China, old laptops, phones may get a new life

CNBC

timean hour ago

  • CNBC

In rare earth metals power struggle with China, old laptops, phones may get a new life

As the U.S. and China vie for economic, technological and geopolitical supremacy, the critical elements and metals embedded in technology from consumer to industrial and military markets have become a pawn in the wider conflict. That's nowhere more so the case than in China's leverage over the rare earth metals supply chain. This past week, the Department of Defense took a large equity stake in MP Materials, the company running the only rare earths mining operation in the U.S. But there's another option to combat the rare earths shortage that goes back to an older idea: recycling. The business has come a long way from collecting cans, bottles, plastic, newspaper and other consumer disposables, otherwise destined for landfills, to recreate all sorts of new products. Today, next-generation recyclers — a mix of legacy companies and startups — are innovating ways to gather and process the ever-growing mountains of electronic waste, or e-waste, which comprises end-of-life and discarded computers, smartphones, servers, TVs, appliances, medical devices, and other electronics and IT equipment. And they are doing so in a way that is aligned to the newest critical technologies in society. Most recently, spent EV batteries, wind turbines and solar panels are fostering a burgeoning recycling niche. The e-waste recycling opportunity isn't limited to rare earth elements. Any electronics that can't be wholly refurbished and resold, or cannibalized for replacement parts needed to keep existing electronics up and running, can berecycled to strip out gold, silver, copper, nickel, steel, aluminum, lithium, cobalt and other metals vital to manufacturers in various industries. But increasingly, recyclers are extracting rare-earth elements, such as neodymium, praseodymium, terbium and dysprosium, which are critical in making everything from fighter jets to power tools. "Recycling [of e-waste] hasn't been taken too seriouslyuntil recently" as a meaningful source of supply, said Kunal Sinha, global head of recycling at Swiss-based Glencore, a major miner, producer and marketer of metals and minerals — and, to a much lesser but growing degree, an e-waste recycler. "A lot of people are still sleeping at the wheel and don't realize how big this can be," Sinha said. Traditionally, U.S. manufacturers purchase essential metals and rare earths from domestic and foreign producers — an inordinate number based in China — that fabricate mined raw materials, or through commodities traders. But with those supply chains now disrupted by unpredictable tariffs, trade policies and geopolitics, the market for recycled e-waste is gaining importance as a way to feed the insatiable electrification of everything. "The United States imports a lot of electronics, and all of that is coming with gold and aluminum and steel," said John Mitchell, president and CEO of the Global Electronics Association, an industry trade group. "So there's a great opportunity to actually have the tariffs be an impetus for greater recycling in this country for goods that we don't have, but are buying from other countries." Although recycling contributes only around $200 million to Glencore's total EBITDA of nearly $14 billion, the strategic attention and time the business gets from leadership "is much more than that percentage," Sinha said. "We believe that a lot of mining is necessary to get to all the copper, gold and other metals that are needed, but we also recognize that recycling is going to play a huge role," he said. Glencore has operated a huge copper smelter in Quebec, Canada, for almost 20 years on a site that's nearly 100-years-old. The facility processes mostly mined copper concentrates, though 15% of its feedstock is recyclable materials, such as e-waste that Glencore's global network of 100-plus suppliers collect and sort. The smelter pioneered the process for recovering copper and precious metals from e-waste in the mid 1980s, making it one of the first and largest of its type in the world. The smelted copper is refined into fresh slabs that are sold to manufacturers and traders. The same facility also produces refined gold, silver, platinum and palladium recovered from recycling feeds. The importance of copper to OEMs' supply chains was magnified in early July, when prices hit an all-time high after President Trump said he would impose a 50% tariff on imports of the metal. The U.S. imports just under half of its copper, and the tariff hike — like other new Trump trade policies — is intended to boost domestic production. It takes around three decades for a new mine in the U.S. to move from discovery to production, which makes recycled copper look all the more attractive, especially as demand keeps rising. According to estimates by energy-data firm Wood Mackenzie, 45% of demand will be met with recycled copper by 2050, up from about a third today. Foreign recycling companies have begun investing in the U.S.-based facilities. In 2022, Germany's Wieland broke ground on a $100-million copper and copper alloy recycling plant in Shelbyville, Kentucky. Last year, another German firm, Aurubis, started construction on an $800-million multi-metal recycling facility in Augusta, Georgia. "As the first major secondary smelter of its kind in the U.S., Aurubis Richmond will allow us to keep strategically important metals in the economy, making U.S. supply chains more independent," said Aurubis CEO Toralf Haag. The proliferation of e-waste can be traced back to the 1990s, when the internet gave birth to the digital economy, spawning exponential growth in electronically enabled products. The trend has been supercharged by the emergence of renewable energy, e-mobility, artificial intelligence and the build-out of data centers. That translates to a constant turnover of devices and equipment, and massive amounts of e-waste. In 2022, a record 62 million metric tons of e-waste were produced globally, up 82% from 2010, according to the most recent estimates from the United Nations' International Telecommunications Union and research arm UNITAR. That number is projected to reach 82 million metric tons by 2030. The U.S., the report said, produced just shy of 8 million tons of e-waste in 2022. Yet only about 15-20% of it is properly recycled, a figure that illustrates the untapped market for e-waste retrievables. The e-waste recycling industry generated $28.1 billion in revenue in 2024, according to IBISWorld, with a projected compound annual growth rate of 8%. Whether it's refurbished and resold or recycled for metals and rare-earths, e-waste that stores data — especially smartphones, computers, servers and some medical devices — must be wiped of sensitive information to comply with cybersecurity and environmental regulations. The service, referred to as IT asset disposition (ITAD), is offered by conventional waste and recycling companies, including Waste Management, Republic Services and Clean Harbors, as well as specialists such as Sims Lifecycle Services, Electronic Recyclers International, All Green Electronics Recycling and Full Circle Electronics. "We're definitely seeing a bit of an influx of [e-waste] coming into our warehouses," said Full Circle Electronics CEO Dave Daily, adding, "I think that is due to some early refresh cycles." That's a reference to businesses and consumers choosing to get ahead of the customary three-year time frame for purchasing new electronics, and discarding old stuff, in anticipation of tariff-related price increases. Daily also is witnessing increased demand among downstream recyclers for e-waste Full Circle Electronics can't refurbish and sell at wholesale. The company dismantles and separates it into 40 or 50 different types of material, from keyboards and mice to circuit boards, wires and cables. Recyclers harvest those items for metals and rare earths, which continue to go up in price on commodities markets, before reentering the supply chain as core raw materials. Even before the Trump administration's efforts to revitalize American manufacturing by reworking trade deals, and recent changes in tax credits key to the industry in Trump's tax and spending bill, entrepreneurs have been launching e-waste recycling startups and developing technologies to process them for domestic OEMs. "Many regions of the world have been kind of lazy about processing e-waste, so a lot of it goes offshore," Sinha said. In response to that imbalance, "There seems to be a trend of nationalizing e-waste, because people suddenly realize that we have the same metals [they've] been looking for" from overseas sources, he said. "People have been rethinking the global supply chain, that they're too long and need to be more localized." Several startups tend to focus on a particular type of e-waste. Lately, rare earths have garnered tremendous attention, not just because they're in high demand by U.S. electronics manufacturers but also to lessen dependence on China, which dominates mining, processing and refining of the materials. In the production of rare-earth magnets — used in EVs, drones, consumer electronics, medical devices, wind turbines, military weapons and other products — China commands roughly 90% of the global supply chain. The lingering U.S.–China trade war has only exacerbated the disparity. In April, China restricted exports of seven rare earths and related magnets in retaliation for U.S. tariffs, a move that forced Ford to shut down factories because of magnet shortages. China, in mid-June, issued temporary six-month licenses to certain major U.S. automaker suppliers and select firms. Exports are flowing again, but with delays and still well below peak levels. The U.S. is attempting to catch up. Before this past week's Trump administration deal, the Biden administration awarded $45 million in funding to MP Materials and the nation's lone rare earths mine, in Mountain Pass, California. Back in April, the Interior Department approved development activities at the Colosseum rare earths project, located within California's Mojave National Preserve. The project, owned by Australia's Dateline Resources, will potentially become America's second rare earth mine after Mountain Pass. Meanwhile, several recycling startups are extracting rare earths from e-waste. Illumynt has an advanced process for recovering them from decommissioned hard drives procured from data centers. In April, hard drive manufacturer Western Digital announced a collaboration with Microsoft, Critical Materials Recycling and PedalPoint Recycling to pull rare earths, as well as copper, gold, aluminum and steel, from end-of-life drives. Canadian-based Cyclic Materials invented a process that recovers rare-earths and other metals from EV motors, wind turbines, MRI machines and data-center e-scrap. The company is investing more than $20 million to build its first U.S.-based facility in Mesa, Arizona. Late last year, Glencore signed a multiyear agreement with Cyclic to provide recycled copper for its smelting and refining operations. Another hot feedstock for e-waste recyclers is end-of-life lithium-ion batteries, a source of not only lithium but also copper, cobalt, nickel, manganese and aluminum. Those materials are essential for manufacturing new EV batteries, which the Big Three automakers are heavily invested in. Their projects, however, are threatened by possible reductions in the Biden-era 45X production tax credit, featured in the new federal spending bill. It's too soon to know how that might impact battery recyclers — including Ascend Elements, American Battery Technology, Cirba Solutions and Redwood Materials — who themselves qualify for the 45X and other tax credits. They might actually be aided by other provisions in the budget bill that benefit a domestic supply chain of critical minerals as a way to undercut China's dominance of the global market. Nonetheless, that looming uncertainty should be a warning sign for e-waste recyclers, said Sinha. "Be careful not to build a recycling company on the back of one tax credit," he said, "because it can be short-lived." Investing in recyclers can be precarious, too, Sinha said. While he's happy to see recycling getting its due as a meaningful source of supply, he cautions people to be careful when investing in this space. Startups may have developed new technologies, but lack good enough business fundamentals. "Don't invest on the hype," he said, "but on the fundamentals." Glencore, ironically enough, is a case in point. It has invested $327.5 million in convertible notes in battery recycler Li-Cycle to provide feedstock for its smelter. The Toronto-based startup had broken ground on a new facility in Rochester, New York, but ran into financial difficulties and filed for Chapter 15 bankruptcy protection in May, prompting Glencore to submit a "stalking horse" credit bid of at least $40 million for the stalled project and other assets. Even so, "the current environment will lead to more startups and investments" in e-waste recycling, Sinha said. "We are investing ourselves."

Bitcoin jumps to all-time high due to demand from institutional investors. DRML Mine launches contract mining, doubles profits!
Bitcoin jumps to all-time high due to demand from institutional investors. DRML Mine launches contract mining, doubles profits!

Business Upturn

time3 hours ago

  • Business Upturn

Bitcoin jumps to all-time high due to demand from institutional investors. DRML Mine launches contract mining, doubles profits!

New York, NY, July 13, 2025 (GLOBE NEWSWIRE) — Bitcoin rose to a record high on Friday, driven by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration. Bitcoin, the world's largest cryptocurrency, surged to a high of $117,581.10 during Asian trading on Friday, bringing its year-to-date gain to more than 25%. Bitcoin last traded at $117,563.11. Ether, the world's second-largest cryptocurrency, also rose nearly 6% to $2,956.82 after hitting a five-month high of $2,998.41. Key highlights of BTC cloud mining contracts: – Strategic launch timing: The contract was launched during a period of BTC price consolidation, providing investors with a way to profit regardless of short-term market movements. – Stable passive returns: DRML Miner's new BTC contract offers fixed daily payouts and guaranteed returns on principal, making it attractive to both traders and long-term holders. – No technical barriers: The BTC mining model requires no hardware or maintenance – any user can participate immediately. New profit model: BTC mining meets AI optimization DRML Miner's AI mining architecture now supports BTC-specific contracts, using intelligent allocation of computing power to maximize returns while reducing risks. Given that BTC has been fluctuating in a narrow range for months, this model is particularly timely and marks an excellent time for alternative profit strategies Instead of waiting for a price breakout, DRML Miner users can now earn BTC daily through smart mining contracts without having to buy more tokens or try to time the market. Why does this BTC mining contract stand out? – 100% remote access: no rigs needed, no technical knowledge required – just log in and activate the plan. – Principal security: contract terms guarantee full return of principal upon maturity. – AI-driven returns: yield optimization ensures users profit even during price stagnation. – Daily earnings: predictable BTC payouts improve cash flow and reduce volatility risk. Join DRML Miner and get a $10 sign-up bonus to start mining BTC instantly. DRML Miner CEO commented, We see BTC consolidation not as stagnation, but as opportunity. Our new mining contracts allow the BTC community to unlock the value of this asset in a consistent, low-risk manner. Providing BTC investors with a proven mining model DRML Miner's BTC mining contracts have shown strong user interest across multiple tiers. Examples of returns include: 2-day plan: +7% return 5-day plan: +1.3% return 15-day plan: +1.45% return 30-day plan: +1.55% return These results are based on historical contract data and reflect DRML Miner's commitment to transparency and performance. How to start mining BTC with DRML Miner Sign up: New users get a $10 welcome bonus and $0.60 daily login bonus. Choose a contract: Select from flexible BTC mining terms to match your investment goals. Start earning: DRML Miner's AI-driven engine takes care of the rest – start earning instantly upon activation. About DRML Miner DRML Miner is the world's leading cloud mining platform, committed to making cryptocurrency mining simple, sustainable and affordable for everyone. We operate more than 120 environmentally friendly mining farms powered by renewable energy. With a user-friendly interface, cutting-edge technology, and support for major cryptocurrencies such as XRP, BTC, and ETH, we help more than 7 million users around the world easily earn passive income To explore the future of BTC mining, please visit Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store