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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 [...]

SK Innovation Swings to Black in Q3 on Strong Lube Oil, Battery Sales

SK Innovation Swings to Black in Q3 on Strong Lube Oil, Battery Sales

SEOUL, Oct. 29 (Korea Bizwire) — SK Innovation Co. said Friday it turned to the black in the third quarter from a year earlier on strong sales in its lubricant oil and battery businesses amid reviving demand after a pandemic-driven slump. The energy and chemical subsidiary of SK Group, South Korea’s No. 3 conglomerate, reported [...]

SK Innovation to Develop All-solid-state Batteries with U.S. Firm

SK Innovation to Develop All-solid-state Batteries with U.S. Firm

SEOUL, Oct. 28 (Korea Bizwire) — SK Innovation Co., a South Korean battery maker, said Thursday it will develop and produce all-solid-state batteries with a U.S. firm, in a bid to expand its foothold in the next-generation battery market. Under the joint venture deal with Solid Power, a Colorado-based solid-state battery developer, SK Innovation will [...]