SK Innovation
SK Innovation’s battery recycling technology recognized by U.S. Argonne National Laboratory
2021.03.29
■ The environmental friendliness of SK Innovation’s world’s first battery metals recycling technology was verified by the U.S. Argonne National Laboratory – Up to 74% and 47% reduction of greenhouse gases when manufacturing lithium and anodes, respectively – Evaluated as an environment-friendly technology able to effectively reduce the use of chemicals ■ Battery recycling-related collaboration ...
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 ...
Security companies expect SK Innovation’s profit turnaround with improved refining margins
2021.03.22
  Korean security 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 ...
[ESG partners] Inobus, a young startup that improves waste recycling with innovative tech
2021.03.17
  An interview with Jang Jin-hyuk, CEO of Inobus, one of the three winners of the Environmental Social Business Discovery Contest selected by SK Innovation in 2020. Inobus’ homepage: http://www.inobus.co.kr/     Q1. First of all, we are always curious about the company’s name. So please tell us what Inobus means and how you started ...
POSCO – SK signed an MOU to develop automotive lightweight materials
2021.03.08
■ Two companies signed an MOU at POSCO Center in Daechi-dong, Seoul on Feb 8th as a preemptive response to changes in auto parts market ■ Posco and SK are considering development of steel-plastic composite materials applicable to EV battery packs ■ President of POSCO Steel Business Unit Kim Hak-dong: “Going beyond steel to prepare ...
SK Innovation and SK Energy joined REALISE CCUS project for CO2 capture technology research cooperation
2021.03.05
  SK Innovation and its subsidiary SK Energy have recently announced its participation in REALISE CCUS project coordinated by SINTEF for the collaboration of carbon capture technology research from 2021 to 2023 after signing the Collaboration Agreement on February 25th.     SINTEF (The Foundation for Scientific and Industrial Research) is one of Europe’s largest independent ...
Chunjie? Seollal? Tet? – How Chinese, Korean, and Vietnamese members prepare for the Lunar New Year
2021.02.09
  The Lunar New Year is celebrated by various Asian countries, including China, Korea and Vietnam. It is a festive to mark the beginning of a new year according to lunar calendar. Also, based on the lunar calendar, each year represents one animal among the 12 Chinese zodiacs and this year is the year of ...
SK Innovation’s 2020 Financial Results: Battery business grew more than twice compared to the previous year despite overall decline in business performance
2021.01.29
■The battery business set a new annual revenue record of 1.6 trillion won for the first time in 2020 ■The company recorded revenue of 7.6776 trillion won and operating loss of 243.4 billion won in the 4th quarter of 2020 Annual revenue and operating loss in 2020 were 34.1645 trillion won and 2.5688 won respectively ...
SK Innovation decided to invest in the 3rd European battery plant in Hungary
2021.01.29
■Planning to construct the 3rd European plant of 30 GWh to grow the battery business, a future growth driver – (Iváncsa, Hungary) The company will invest USD 2.29 billion by 2028 in an area measuring 700,000 m2, which is equivalent to 98 football stadiums. ■Coming closer to the mid- and long-term goal of “global production capacity ...
Social venture Arun shipped demo equipment for water treatment to the U.S. and Canada
2021.01.28
  Arun, a social venture supported by SK Innovation, has laid the foundation for its entrance into global market by making the first shipment of demo equipment of Non-Clogging Filtering System (NCFS), which is a micro filtering equipment for water treatment, to the U.S. and Canada. This is an inspiring achievement as Arun was credited ...
K-Batteries keep making headway: SK Innovation gains more ground in the global market
2021.01.26
  Korean EV (electric vehicle) battery manufactures are gaining ground, and among them, SK Innovation has been making big moves by increasing its share in the global EV battery market. The industry predicts that in 2021 SK Innovation’s share in this market will even increase faster.   According to data released by market research firm ...