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
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?