Park Kyung-il, CEO of SK Ecoplant, "This Year is the Year to Complete Preparations for a Successful IPO"

Kyung-il Park, CEO of SK Ecoplant.

[Asia Economy Reporter Kim Min-young] Park Kyung-il, CEO (President) of SK Ecoplant, stated on the 3rd, "The new year 2022 is the year for SK Ecoplant to complete preparations for a successful initial public offering (IPO)," and presented the key tasks to be focused on this year.

CEO Park first announced that he will continue to pursue a bolt-on strategy to solidify the position as the No. 1 environmental business operator in Korea. Park said, "We will promptly secure anchor businesses centered on the Southeast Asian market and expand their scale, while accelerating globalization to advanced markets such as North America and Europe."

Regarding the water industry, he explained, "The water business will be advanced into areas such as industrial wastewater treatment, industrial water reuse and zero discharge, and ultrapure water, and the water business will be expanded to upstream areas including plastic and electric/electronic waste recycling."

He also revealed plans for the fuel cell business. Park said, "In the hydrogen business, we plan to commercialize the green hydrogen production solution based on SOEC (Solid Oxide Electrolysis Cell) currently being demonstrated in Gumi, Gyeongbuk, ahead of anyone else."

This year, SK Ecoplant plans to complete the acquisition of Samkang M&T and focus on creating synergy with offshore wind power. Park said, "Securing management rights of Samkang M&T is significant in that it expands the value chain to core equipment manufacturing areas that can be linked with SK Ecoplant's capabilities and marks our full-scale entry into the offshore wind power generation market," adding, "We will complete the acquisition process of Samkang M&T and enhance the corporate value of both companies through synergy creation with SK Ecoplant."

He also plans to strengthen competitiveness in the engineering, procurement, and construction (EPC) business. He elaborated, "The Eco Space business will launch a new brand for multi-family housing this year, strengthen sales capabilities in urban renewal and private contract projects, and expand from simple EPC-centered projects to development-type projects such as data centers and logistics centers."

The Eco Solution business will be promoted focusing on overseas public-private partnership (PPP) projects, domestic eco-friendly SOC, and private investment development projects. Along with this, starting with the groundbreaking of the semiconductor cluster in Yongin this year, SK Ecoplant plans to realize a zero city where waste zero and carbon zero are actualized, including its own carbon-neutral industrial complex.

Finally, CEO Park emphasized, "Last November, we achieved an impressive record of 500 days without a major accident," and added, "We will continue to strengthen the fundamentals and establish an ESG management system in the new year so that the efforts over a long period can lead to a successful IPO, and continue to achieve new accident-free records."

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