Trends & Reports
IEA predicts electric vehicles worldwide will surpass 145 million units by 2030
2021.05.31
  In a report released in December last year, IHS Market, an U.K. based research company, predicted global sales of battery electric vehicles (BEV) and other EVs this year will be about 3.94 million units, an approximately 70% increase compared to the sales of 2020. The competition to be the first to switch to 100% ...
Securities firms raise expectations for SK Innovation’s performance especially after JV announcement with Ford
2021.05.27
  01 | Good performance is expected to continue in the next quarter   IBK Securities’ analyst, Jeon Chang-hyeon predicted in a report dated May 24th that “This year, SK Innovation’s oil refining business will bounce back, while its battery business will continue to grow further.” “SK Innovation’s refining business, which was dragged down by ...
SK Lubricants expects to double the sales this year, leading the EV lubricants market
2021.05.17
  | Lubricant market for EVs expected to grow six times by 2025 in line with the explosive expansion of the EV market.   Recently, the global mobility market is transforming rapidly to EVs. Market research firm IHS estimates that the EV market will include about 3.94 million vehicles this year. It is predicted that ...
The growing CCS·CCUS market and global energy corporates’ responses
2021.05.10
  Recently, carbon capture and storage (CCS) or carbon capture, utilization and storage (CCUS) have appeared more frequently among energy related articles as global concern about environmental issues are growing. According to Carbon Capture and Storage Market Report – Forecast (2021-2026) by IndustryARC, with a CAGR of 29.2% during 5 years from 2021 to 2026, CCS market size ...
SK Securities: “SK Innovation’s value to increase with refining in short run and EV battery in long run”
2021.05.03
  According to the report issued on April 30, researcher Park Han-saem from SK Securities said, “SK Innovation’s value will increase thanks to the improvement of the refining business in the short run, and the expansion of the EV battery and separator business in the long run.” “SK Innovation’s value is evaluated at 37.5 trillion ...
Securities firms raised target stock price for SK Innovation on expectation of improved refining margin and increasing EV battery orders
2021.04.19
  Reflecting the expectation of improved refinery margin and increased EV battery orders, Korean securities firms raised the target stock price of SK Innovation massively on the prospect of favorable performances.   Researcher Baek Young-chan of KB Securities announced in a report dated April 19 that they will raise the target stock price by 10.3% ...
Sinopec aims for net-zero emissions by 2050
2021.04.13
  Sinopec, the second-largest energy company in China, has recently introduced its plan achieve carbon neutrality by 2050, a decade ahead of China’s 2060 net-zero emissions target. The company’s plan was announced by Zhang Yuzhuo, Chairman of Sinopec, during a video conference of annual results 2020 on March 29th.   | Transition into the largest Chinese ...
SK Battery Hungary turned into profit last year with remarkable performance
2021.03.23
  SK Battery Hungary, SK Innovation’s European base for electric vehicle (EV) battery, is on a full-fledged growth track. The fast improvement in figures is thanks to the early stabilization of yield rate as well as the exponential growth rate of the local EV markets in Europe.   According to SK Innovation’s business report announced ...
Securities companies expect SK Innovation’s profit turnaround with improved refining margins
2021.03.22
  Korean securities companies are predicting a turnaround in operating profit for SK Innovation, based on the back-to-normal movement of oil demand and the rebound in refining margins in the second half of this year.   In a report on March 22, Park Il-seon, a researcher of KTB Securities analyzed that “SK Innovation’s operating profit ...
PX market’s recovery due to sudden rise of cotton prices is a good sign for the petrochemical industry
2021.03.19
  As the demand for Para-Xylene (“PX”)* products, which is said to be the best player in the petrochemical industry, is showing a recovery trend, the Korean petrochemical industry’s earnings are expected to rebound in the first quarter this year. (*)Para-Xylene: A petrochemical product made by refining heavy naphtha from crude oil and is used ...
The currently leading and potential markets of EVs
2021.03.04
  According to the numbers given by EV Volumes, a database of sales statistics, charging infrastructure, batteries, car models, and sales forecasts for plug-in car, last year’s sales of global plug-in vehicles, including BEVs (battery electric vehicles) and PHEV (plug-in hybrid electric vehicles), were estimated to reach 3.24 million units. Compared to the 2.26 million ...
World’s top 3 automobile markets (Europe, USA, China) accelerate shift to electric vehicles
2021.02.23
  “The Stone Age did not end for lack of stone.” – Ahmed Zaki Yamani, former Oil Minister of Saudi Arabia   The world’s automobile industry is accelerating the shift from internal combustion engines to electric vehicles (EV) due to enhanced international environmental policies introduced to reduce carbon footprints. Europe, USA and China, known as ...