[Featured Stock] SK Innovation Rises on Announcement of CCU Business 추진

[Asia Economy Reporter Park So-yeon] SK Innovation is showing strong performance.

As of 2:30 PM on the 2nd, SK Innovation is trading at 249,500 KRW, up 10,000 KRW (4.18%) from the previous day on the KOSPI market.

SK Innovation has a market capitalization of 23.1164 trillion KRW, ranking 17th on the KOSPI.

On this day, SK Innovation announced that its main production base, Ulsan Complex (Ulsan CLX), is actively promoting the Carbon Capture and Utilization (CCU) project to reduce carbon dioxide, the main culprit of greenhouse gases.

Ulsan CLX started the CCU project in 2003 and has confirmed results through various tests. In the past, carbon dioxide generated from the hydrogen production process within Ulsan CLX was used as fuel together with other gases without separate separation, and due to its non-combustible nature, it was released directly into the atmosphere. In response, considering air quality issues caused by exhaust gases, Ulsan CLX began a business to recover and sell carbon dioxide.

The 'low-purity hydrogen' produced in the hydrogen production process of the Heavy Oil Upgrading (HOU) facility at Oil Plant 1 is processed in a separate recovery facility where the by-product carbon dioxide is absorbed and separated to be recovered as high-purity carbon dioxide gas. The high-purity carbon dioxide gas is then supplied to sales destinations that utilize carbon dioxide, such as semiconductor etching, welding, dry ice, and plant cultivation.

The company explained that through carbon dioxide recovery, it has actively responded to air quality issues while also improving the efficiency of hydrogen production and refining processes. Additionally, it confirmed that further profit generation is possible, achieving both process efficiency and economic feasibility.

Based on these achievements, starting next year, the company plans to recover carbon dioxide from the hydrogen production process at Oil Plant 2 and supply it to nearby factories in Ulsan. As a result, the carbon dioxide sales business is expected to expand to over 300,000 tons annually.

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