SK Innovation "We Will Complete Decarbonization 'Green Transformation' with CCS"

CCS Technology First Applied at Ulsan CLX
CCS Technology Accelerates 'Green Transformation'

[Asia Economy Reporter Hwang Yoon-joo] SK Innovation and SK Energy are accelerating the implementation of their 'Green Transformation' by actively engaging in the carbon capture and storage (CCS) business. Green Transformation is SK Innovation's business strategy to convert the existing petrochemical industry into a green industry.

SK Innovation announced on the 10th that, together with SK Energy, it will implement a national CCS project at the Donghae gas field starting June 2022. This project aims to collect and store 400,000 tons of carbon dioxide annually from next year, when natural gas production ends. SK Innovation and SK Energy are responsible for developing carbon capture sources and capture technology-related models.

CCS refers to technology that collects carbon dioxide present in the atmosphere and generated from industrial processes and stores it underground. It effectively removes carbon dioxide from the emission stage. CCS is one of SK Innovation's Green Transformation strategies.

SK Innovation and SK Energy are first developing models related to optimal carbon dioxide capture sources and economical capture technology (optimal CC technology) targeting industrial facilities in the Ulsan region. They plan to apply the optimal CC technology first to SK Innovation's Ulsan CLX hydrogen plant to capture carbon dioxide generated from the process. Based on this, they intend to gradually expand the application to processes with high carbon dioxide emissions within Ulsan CLX.

Hong Jeong-ui, Head of SK Energy's Eco-friendly Project, said, "CCS technology is an essential prerequisite to reduce carbon dioxide emissions from energy-intensive industries. We will expand the CCS business going forward and proactively secure optimal CCS technology to properly lead the Green Transformation underway within the SK Innovation group."

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