No Jaeseok SKIET President: "This Year Marks the First Year of Growth as a Global Top Materials Company"

"Global Wet Electric Vehicle Separator Market
Annual Growth of 24% Until 2030"

"FCW and Other New Business Results Visible by 2025"

"70% Reduction in Greenhouse Gas Emissions by 2030"

No Jae-seok, President of SK IE Technology (SKIET). (Photo by SK Innovation)

[Asia Economy Reporter Moon Chaeseok]

"We will make this year the inaugural year for strongly executing SKIET's financial story and lay the foundation to grow into a world-class materials company."

According to SK Innovation on the 2nd, Noh Jaesuk, the head of SK Innovation's secondary battery separator company SK IE Technology (SKIET), recently stated this in an interview with SK Innovation's official news channel, SKinno News.

The top priority Noh mentioned is cost innovation and securing product quality, which are directly linked to competitiveness. He said, "We also plan to establish efficient production facilities to supply products to customers in a timely manner." Through this, they intend to stably operate the 'triangular production system' in Korea, China, and Poland, thereby increasing corporate value.

Noh said, "We will focus on stabilizing the operation of the separator business and continuous growth," adding, "We will prioritize cost innovation and securing product quality directly linked to SKIET's competitiveness, and also proceed with establishing efficient production facilities to supply products to customers in a timely manner."

According to SK Innovation, the global separator market is expected to grow at an average annual rate of 20% until 2030. For wet-process separators used in electric vehicles, the average annual growth rate is expected to be 24% during the same period.

Noh said, "The semiconductor supply imbalance is expected to ease from the second half of the year, and from then on, the market growth will expand further due to accumulated demand caused by production disruptions." He forecasted, "The semiconductor supply imbalance will ease from the second half of the year, and from that time, the market growth will increase further due to waiting demand caused by production disruptions."

He also revealed new business plans. Noh said, "We will expand our scope to related businesses centered on battery and display materials such as the FCW business to establish the company's growth structure early," adding, "By 2025, new businesses like FCW will contribute more significantly to enhancing the company's corporate value." He also added, "We are keeping the all-solid-state battery market in mind."

He plans to accelerate the pace of carbon neutrality implementation. He stated, "By 2030, we plan to introduce eco-friendly electricity to all production sites worldwide and reduce greenhouse gas emissions by more than 70%." SKIET has already introduced 100% eco-friendly electricity at domestic sites in Chungcheongbuk-do Jeungpyeong and Cheongju, as well as at its plant in Poland. In September last year, it joined 'RE100,' a campaign led by the UK non-profit organization The Climate Group, which commits to producing products using only electricity generated from renewable energy.

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