SEOUL, Nov. 1 (Korea Bizwire) — The merged entity of South Korean refiner SK Innovation Co. and its affiliate SK E&S Co. officially set sail Friday, becoming the largest private energy company in the Asia-Pacific region, the company said. The integrated company, named SK Innovation Co., has combined assets of 105 trillion won (US$76 billion) [...]
SEOUL, Jul. 18 (Korea Bizwire) — The planned merger of SK Innovation Co. with energy affiliate SK E&S Co. is a “structural and fundamental” decision for sustainable growth amid growing uncertainties in the EV battery and petrochemical industries, SK Innovation’s chief executive said Thursday. On Wednesday, the boards of SK Innovation and SK E&S approved [...]
SEOUL, July 17 (Korea Bizwire) – The boards of SK Innovation Co. and SK E&S Co., two major energy affiliates of SK Group, approved a proposed merger of the two companies Wednesday, creating the largest energy entity in South Korea with combined assets of 106 trillion won (US$76.5 billion). In their separate board meetings earlier [...]
SEOUL, Jul. 17 (Korea Bizwire) — SK Innovation Co. and SK E&S Co., two major energy affiliates of SK Group, are set to hold separate board meetings Wednesday to discuss a proposed merger of the two companies, industry sources said. If the merger is approved, it will create the biggest energy company in South Korea, [...]
SEOUL, July 12 (Korea Bizwire) – SK Innovation and SK E&S, two key subsidiaries of the SK Group, are set to hold board meetings next week to discuss a potential merger, industry sources said on July 11. This move is part of SK Group’s ongoing business restructuring efforts and could result in the creation of a [...]
SEOUL, Jun. 26 (Korea Bizwire) –In a significant step towards a hydrogen-powered future, SK E&S announced on June 27 the completion of South Korea’s first liquid hydrogen refueling station in Gyeonggi Province. The facility, the Icheon Daeheung Liquid Hydrogen Refueling Station, was inaugurated in Daewol-myeon, Icheon. The station is operated by SK Plug Hyverse (Hyverse), [...]
Jeonnam I – a 99-MW offshore wind farm off the coast of Shinan County, Jeonnam Province in the southwest of Korea – has reached financial close and construction completion of the wind farm is expected by the end of 2024 SEOUL, South Korea and COPENHAGEN, Denmark, Oct. 11, 2023 (Korea Bizwire) — Jeonnam I is [...]
SEOUL, May 2 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, said Tuesday it is spending 1 trillion won (US$747 million) with Plug Power, a U.S. hydrogen company, to build a large production facility for hydrogen-powered equipment in South Korea. Through the joint venture, SK Plug Hyverse, [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK E&S Co., an energy unit of SK Group, said Sunday its U.S. affiliate has launched an electric vehicle (EV) charging station at an airport in Texas under ties with a major U.S. car rental firm. EverCharge Inc., a California-based charging solution provider acquired by SK E&S in March [...]
SEOUL, Jan. 19 (Korea Bizwire) — SK E&S Co., the natural gas power unit of SK Group, said Wednesday its subsidiary Parking Cloud Co. will launch a charging service for electric vehicles (EVs) at 50 parking lots across the country. Parking Cloud provides a one-stop solution ranging from parking to charging with access via a single app. The [...]