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SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SEOUL, Oct. 7 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Sunday that it will invest 400 billion won (US$353.8 million) to build a lithium-Ion battery separator plant in China. The company said it plans to break ground early next year for the plant that will make lithium-ion battery separator [...]

BTS Effect? Sales of Sustainable Bag Worn by Band Member Soar

BTS Effect? Sales of Sustainable Bag Worn by Band Member Soar

SEOUL, Sept. 5 (Korea Bizwire) — The immense popularity of bags upcycled from leather products by social enterprise MORETHAN’s fashion bag brand, “CONTINEW” has been heavily covered by the press after being included on the shelves of JDC Duty Free at Jeju International Airport. Ever since CONTINEW, with support from petrol giant SK Innovation, first [...]

SK Innovation Expands Marine Blending Operations to Produce More Eco-friendly Fuel

SK Innovation Expands Marine Blending Operations to Produce More Eco-friendly Fuel

SEOUL, Sept. 4 (Korea Bizwire) — SK Innovation, a petroleum refining company, said its subsidiary SK Trading International (SKTI) would expand its production of low sulfur fuel, an environmentally-friendly energy source. Since 2010, SKTI has been renting a mega oil tanker in Singapore, utilizing it as a blending tank to add half-refined materials to create [...]

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]

SK Innovation to Invest in 820 bln Won Battery Plant in China

SK Innovation to Invest in 820 bln Won Battery Plant in China

SEOUL, Aug. 24 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Friday it will invest in a 820 billion won (US$730 million) battery plant in China, a move aimed at meeting growing demand for car batteries. In a joint venture with BAIC Motor Corporation., Ltd. and Beijing Electronics Holding Co., [...]