SK Lubricants and Hanjin Co., Ltd. Collaborate on Lubricants for Carbon Reduction

[Asia Economy Reporter Hwang Yoon-joo] Hanjin Co., Ltd. and SK Lubricants are establishing a cooperative relationship to strengthen ESG management.

On the 30th, the two companies signed a business agreement to promote the use of eco-friendly lubricants and reduce carbon dioxide emissions from freight vehicles.

The signing ceremony was held at the SK Seorin Building in Jongno-gu, Seoul, where SK Lubricants' headquarters is located. Key officials attended, including Hanjin's CEO of Business Division, No Sam-seok, Vice President of Future Growth Strategy and Marketing, Cho Hyun-min, and SK Lubricants President Cha Gyu-tak.

Through this agreement, Hanjin and SK Lubricants will implement collaborative projects to use eco-friendly lubricants in logistics vehicles operated by Hanjin, aiming to ▲reduce carbon dioxide emissions from logistics and transport vehicles ▲save energy ▲reduce harmful substances ▲improve resource circularity.

This agreement is regarded as the first case of concrete ESG management execution between different industries, based on Hanjin's green logistics and SK Lubricants' eco-friendly lubricants ESG (Environmental, Social, Governance) initiatives. As ESG spreads throughout the industry, this cooperation model between the two companies is expected to expand significantly.

Accordingly, Hanjin will provide driving records of vehicles using SK Lubricants' eco-friendly lubricants and those using conventional lubricants to measure the soot reduction and fuel efficiency improvement effects of the eco-friendly lubricants. SK Lubricants will support the eco-friendly lubricant products and replacement costs and analyze the fuel efficiency and carbon dioxide emission results of freight vehicles using eco-friendly lubricants. The two companies plan to expand the introduction of eco-friendly lubricants after analyzing the improvement effects.

SK Lubricants' ultra-low viscosity(*) eco-friendly lubricants for large vehicles such as buses and trucks improve fuel efficiency and reduce gas emissions compared to existing products. The effect reduces approximately 3.7 tons of carbon dioxide emissions annually per one delivery vehicle.

No Sam-seok, CEO of Hanjin, said, "To respond to changes in the domestic industrial environment due to strengthened environmental regulations, we expect to promote green logistics with SK Lubricants and reduce the fuel cost burden for freight transport workers." Cha Gyu-tak, President of SK Lubricants, said, "We hope that the collaboration between the two companies will become a successful model and exemplary case contributing to society through carbon reduction, and we will contribute to growth based on ESG by expanding cooperation in the future."

Meanwhile, Hanjin is conducting pilot operations of electric/hybrid delivery vehicles in Jeju Island to transition delivery vehicles to eco-friendly electric vehicles. In addition, it provides a joint purchase service for Wing Boxes, eco-friendly delivery boxes that do not require cushioning materials or tape, and is promoting the establishment of a plastic resource circulation service platform in partnership with TerraCycle, a global recycling consulting company, among various other eco-friendly activities.

This content was produced with the assistance of AI translation services.