SK Group said Tuesday it will establish a giant research and development center dedicated to green technologies.
According to the third-largest South Korean conglomerate, the R&D facility, tentatively named “SK Green Techno Campus,” will break ground in 2025 in Bucheon, adjacent to Seoul in Gyeonggi Province, and reach completion in 2027.
The facility, on a 198,000-square-meter site, will house some 3,000 R&D personnel from the group’s seven affiliates — SK Energy, SK Geo Centric, SK On, SK E&S, SKC and SK Materials. The project will cost SK more than 1 trillion won ($835 million).
The campus will focus on next-generation battery and chip materials, carbon capture and reduction and renewable energy such as hydrogen.
The envisioned facility will add momentum to SK’s battery prowess. The conglomerate currently operates SK Research Center in Daedeok in Daejeon, where 1,200 R&D personnel of SK Innovation and SK On are working on more advanced electric vehicle batteries.
By Kim Byung-wook
Source: koreaherald.com
CF Industries Holdings, Inc. (NYSE: CF) today announced that it has closed its acquisition of Incitec Pivot Limited’s (“IPL”) ammonia production complex located in Waggaman, Louisiana. Under the terms of the agreement, CF Industries purchased the Waggaman ammonia plant and related assets for $1.675 billion, subject to adjustments.
The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks. This was enabled through the inclusion of a new bio-based aromatic jet fuel blending component.
Cepsa SA (Madrid) has agreed a deal with C2X, an independent firm owned by AP Moller Holding with AP Moller-Maersk as minority owner, to develop a 300,000 metric tons per year renewable methanol plant at Huelva, Spain.
