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SK Innovation Signs MOU for Forest Restoration Project in Fiji

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

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 [...]

SK Innovation Hosts 7th Annual GMF, Largest Music Festival for Individuals with Developmental Disabilities

SK Innovation Hosts 7th Annual GMF, Largest Music Festival for Individuals with Developmental Disabilities

SEOUL, Sept. 28 (Korea Bizwire) – SK Innovation announced on Wednesday that the Great Music Festival (GMF) for individuals with developmental disabilities, the largest of its kind in South Korea, was held at the New Millennial Hall of Konkuk University on September 26. This year marks the seventh anniversary of the GMF, hosted by the Heart to [...]

SK Innovation Swings to Red in Q2 on Falling Oil Prices

SK Innovation Swings to Red in Q2 on Falling Oil Prices

SEOUL, July 28 (Korea Bizwire) — SK Innovation Co. said Friday it turned to the red in the second quarter as falling oil prices and thinner margins hurt its profitability. The company logged an operating loss of 106.8 billion won (US$83.2 million) in the April-June period, compared with the 2.32 trillion-won operating profit a year [...]

SK Innovation Q1 Profit Drops 77 pct; Paints Rosy Picture for Battery Biz

SK Innovation Q1 Profit Drops 77 pct; Paints Rosy Picture for Battery Biz

SEOUL, May 4 (Korea Bizwire) — SK Innovation Co. reported Thursday a 77.3 percent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while forecasting improvement in profitability for its loss-making battery unit after the second quarter upon U.S. tax benefits. Operating income came to 374.9 billion won (US$283.2 million) for [...]

SK Innovation Makes Additional US$50 mln Investment in U.S. Clean Energy Startup

SK Innovation Makes Additional US$50 mln Investment in U.S. Clean Energy Startup

SEOUL, March 23 (Korea Bizwire) — SK Innovation Co., a major South Korean energy company, said Thursday it has invested an additional US$50 million in Amogy Inc., a U.S. developer of an ammonia-based fuel cell platform, expanding the investment in sustainable fuels. SK Innovation took part in the latest $139 million Series B-1 funding round [...]

U.S. Clean Energy Startup Tests Ammonia-based Fuel Cell System on Semitruck

U.S. Clean Energy Startup Tests Ammonia-based Fuel Cell System on Semitruck

SEOUL, Jan. 18 (Korea Bizwire) — Amogy Inc., a U.S. clean energy startup backed by South Korea’s SK Innovation Co., has successfully carried out a test-drive of a semitruck running on its ammonia-based fuel cell platform, in a scale-up of demonstrations for the next alternative renewable fuel. Amogy tested a modified 2018 Freightliner Cascadia powered [...]