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SK Innovation Acquires International Certificates to Measure Impact of Greenhouse Gases on Production

SK Innovation Acquires International Certificates to Measure Impact of Greenhouse Gases on Production

SEOUL, Aug. 18 (Korea Bizwire) — SK Innovation Co. has received global certificates for the establishment of a system to measure the impact of greenhouse gases on the entire cycle of production for the first time among South Korean refiners. The company announced on Wednesday that it had received a string of international standard certificates [...]

SK Invests $250 mln in U.S. Reactor Startup TerraPower

SK Invests $250 mln in U.S. Reactor Startup TerraPower

SEOUL, Aug. 15 (Korea Bizwire) — Two affiliates of South Korean refining-to-semiconductors conglomerate SK Group said Monday they have invested US$250 million in U.S. nuclear reactor design firm TerraPower for joint business opportunities. Through the investment, SK Inc., the holding company of SK Group, and SK Innovation Co., the country’s leading refiner, will jointly develop [...]

Samsung, 5 Other S. Korean Firms to Work with Malaysian Energy Firm for Carbon Capture Storage Project

Samsung, 5 Other S. Korean Firms to Work with Malaysian Energy Firm for Carbon Capture Storage Project

SEOUL, Aug. 3 (Korea Bizwire) — Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emissions reduction. Under a memorandum of understanding signed in a virtual meeting in [...]

SK Innovation Logs Record Results in Q2 on Upbeat Petroleum Product Sales

SK Innovation Logs Record Results in Q2 on Upbeat Petroleum Product Sales

SEOUL, July 29 (Korea Bizwire) — SK Innovation Co. said Friday its second-quarter profit more than quadrupled from a year earlier, boosted by robust sales of petroleum products amid higher oil prices. Its battery unit, SK On Co., however, suffered an extended loss. Despite this, the refiner maintained its forecast that the loss-making battery unit [...]