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SK Innovation Expands SAF Production as Global Demand Accelerates, Calls for Stronger Policy Support

DAEJEON, South Korea, April 14 (Korea Bizwire) — At SK Innovation’s Environmental Science & Technology Institute in Daejeon, a powerful scent of used cooking oil hangs in the air, signaling an ambitious transformation: converting waste oil into sustainable aviation fuel (SAF). Within the facility’s pilot plant, dark brown waste oil is refined through high-temperature, high-pressure reactors [...]

SK Innovation, SK E&S Launch Integrated Energy Behemoth following Merger

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) [...]

SK Innovation’s Unit Joins Carbon Storage Project in Australia

SEOUL, Aug. 8 (Korea Bizwire) — SK earthon Co., a South Korean oil exploration and production (E&P) company, said Thursday it has joined a project to build a submarine carbon storage facility in Australia in its business diversification strategy. SK earthon invested in 20 percent of the project, with InCapture, an Australian carbon capture and [...]

SK Innovation Sees Merger with SK E&S as ‘Fundamental’ for Sustainable Growth

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 [...]

SK Innovation and SK E&S Boards Approve Merger to Form Energy Giant in South Korea

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 [...]

SK Innovation, SK E&S Set to Hold Board Meetings on Merger Plan

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, [...]

SK Innovation and SK E&S Consider Merger, Potentially Creating Energy Giant

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 [...]

SK Innovation Says Various Plans Are Under Consideration, But No Decision Yet

SEOUL, Jun. 20 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Thursday various plans, including a merger, have been under consideration to bolster its competitiveness, but no decision has been made. A company spokesperson at SK Innovation made the remarks after the Chosun Ilbo newspaper reported, citing industry sources, that the company [...]

SK Innovation Signs MOU for Forest Restoration Project in Fiji

SEOUL, Oct. 26 (Korea Bizwire) — SK Innovation Co., South Korea’s leading energy company, said Thursday it has signed a tentative agreement with the government of Fiji for a forest restoration project in the South Pacific island nation. SK Innovation forged the memorandum of understanding (MOU) with the government Wednesday in the Fijian capital of [...]

SK Innovation, SKIET and Lotte Chemical Forge Alliance to Lead Carbon Capture Market

SEOUL, Oct. 24 (Korea Bizwire) – SK Innovation, SK IE Technology (SKIET), and Lotte Chemical have joined forces to make significant strides in the carbon capture market. On Monday, these three companies announced the signing of a Memorandum of Understanding (MOU) to foster technological and business collaboration, thereby fortifying their competitiveness in the field of carbon [...]