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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 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 [...]

SK Innovation Invests US$20 mln in U.S. Biofuel Company

SK Innovation Invests US$20 mln in U.S. Biofuel Company

SEOUL, July 13 (Korea Bizwire) – South Korean refiner SK Innovation Co. said Wednesday it has invested US$20 million in a U.S. biofuel company, as it accelerates its push for the shift to green energy businesses. The equity investment in Fulcrum BioEnergy Inc., a California-based producer of low-carbon fuels, represents additional backing by SK, South [...]

SK Innovation Invests $30 mln in U.S. Clean Energy Startup Amogy

SK Innovation Invests $30 mln in U.S. Clean Energy Startup Amogy

SEOUL, June 14 (Korea Bizwire) — South Korean battery maker SK Innovation Co. said Tuesday it will invest US$30 million in Amogy Inc., a U.S. developer of ammonia-based, emission-free power solutions, and cooperate in the development of related technologies. To that end, both companies signed a deal on strategic investment and a memorandum of understanding [...]

SK Innovation’s Unit Signs Malaysian Oil Block Production Contract

SK Innovation’s Unit Signs Malaysian Oil Block Production Contract

SEOUL, April 24 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Sunday its energy unit has signed a production sharing contract with Malaysian companies for a local oil block. SK earthon Co. recently signed the deal with Malaysia’s state-run oil company Petroliam Nasional Berhad (Petronas) and Petroleum Sarawak Exploration and Production Sdn., [...]

SK Innovation Shifts to Black in Q4 on Strong Petrochem, EV Battery Sales

SK Innovation Shifts to Black in Q4 on Strong Petrochem, EV Battery Sales

SEOUL, Jan. 28 (Korea Bizwire) — SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong petrochemical demand and electric vehicle (EV) battery sales. Net income came to 163.4 billion won (US$135.7 million) in [...]