Lubricant Company Receives 'Green Environment Certification'... Cha Gyutak, President of SK Lubricants, "Accelerating Green Transition"

Cha Gyutak SKL President "Preparing to Obtain Eco-friendly Lubricant Product Value Certification"

Cha Gyutak, President of SK Lubricants. (Photo by SK Innovation)

[Asia Economy Reporter Moon Chaeseok] Cha Gyutak, president of SK Lubricants, the lubricants business subsidiary of SK Innovation, announced on the 22nd that the company will accelerate its "Green Transformation" strategy. The company plans to establish a certification process that officially recognizes carbon credits when using its eco-friendly lubricant products. It also intends to actively promote a business that upcycles waste lubricants.

President Cha stated this in an interview with SK Innovation's official news channel, SKinno News. He said the company will speed up the green transformation by focusing on two pillars of innovation: customer recognition of carbon neutrality values and expanding the product portfolio beyond internal combustion engines. Cha said, "Last year, we were able to sell shares after the financial market recognized the company's market-dominant capabilities and the growth potential of new businesses, signaling the start of our green transformation. This year, based on these two pillars, we will strongly execute our 'financial story' and do our best to have our corporate value recognized."

SKL plans to operate a management system that returns the value created from carbon reduction activities to its customers. As part of this, it is preparing a system to obtain "eco-friendly lubricant value certification." This procedure officially recognizes carbon credits related to carbon emission reduction and energy efficiency improvement when customers use eco-friendly lubricant products made by SKL. This means SKL returns the carbon-neutral value recognized by the market to its customers. Additionally, SKL plans to actively promote a "lubricant upcycling" business that upcycles waste lubricants to produce new products. SKL expects this will accelerate the establishment of an eco-friendly circular ecosystem.

The company also plans to expand its product portfolio beyond internal combustion engines. President Cha emphasized, "The lubricants for electric vehicles that SKL produces are receiving high recognition in the market. As the electric vehicle market grows rapidly, we are carefully reviewing various options to materialize the 'thermal management immersion cooling business.'" SKL revealed that as the first step, it is focusing on the immersion cooling business for data center servers. By applying the excellent cooling performance of SKL's base oils, it is expected to help efficient thermal management and significantly reduce strategic usage compared to existing air cooling methods. President Cha said, "It is our destiny to strengthen the competitiveness of existing businesses, establish industry standard status, and promote green transformation through this. As CEO, I will do my best to strongly execute the financial story and have stakeholders recognize higher corporate value."

Meanwhile, SKL holds the number one market share in Group III base oils. Based on industry-leading product quality, it is contributing to improving automotive fuel efficiency and performance through its lubricants. As part of the green transformation, last year SKL launched a product line using eco-friendly containers made from recycled plastic materials for 30% of the lubricants sold. This recycled about 100 tons of waste plastic annually, equivalent to approximately 5 million 500ml PET bottles.

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