SK Innovation Unveils Eco-Friendly Business Innovations at 'CES 2023'

Business Strategy Linked Technology Exhibition

Images of SK Group exhibition booths, including SK Innovation, unveiled under the theme "Action" (Together, Further, Towards a Carbon-Free Future) at CES 2023, held in Las Vegas, USA, from the 5th to the 8th of next month (local time). Photo by SK Innovation

[Asia Economy Reporter Choi Seoyoon] SK Innovation will unveil the results of its efforts to transform its existing businesses into green-centered operations, achieving 'Carbon to Green,' at 'CES 2023,' a showcase for cutting-edge products and technologies.

SK Innovation announced on the 20th that it will participate in CES 2023, held in Las Vegas, USA, in January next year, together with its business subsidiaries SK Energy, SK Geocentric, SK Enmove, SK On, SKIET, and SK Earthon. SK Group will participate in CES 2023 under the theme of 'Action' (Together, Further, Towards a Carbon-Free Future).

SK Innovation will present future growth portfolio content built with global partners, including SK On's electric vehicle battery, which was the first in SK Group to receive the CES Best Innovation Award. Through this, SK Innovation plans to inform global visitors about the future growth direction of its affiliated businesses.

SK Innovation has announced a green anchoring strategy that expands the battery business to separators (LiBS) and next-generation materials, and a green transformation strategy that converts existing carbon-emitting businesses into green businesses. Many related products and technologies received innovation awards at this CES.

SK Innovation affiliates received a total of 8 innovation awards for 5 products, among which 2 products recognized for their excellent technology were named Best Innovation Award winners. This is the first time in four years since SK Group began participating in CES in 2019 that a group affiliate has received the Best Innovation Award.

The Best Innovation Awards were given to SK On's SF Battery (Super Fast Battery) and SKIET's Flexible Cover Window (FCW).

SK On's SF Battery is a high-nickel battery with a nickel content of 83%, capable of driving over 400 km on a single charge and charging up to 80% in just 18 minutes, making it the fastest charging electric vehicle battery currently on the market. It is installed in the Hyundai Ioniq 5 and Kia EV6, which have been selected as 'Car of the Year' at various award ceremonies.

SK On's SF Battery (Super Fast Battery), which won the Best Innovation Award in the embedded technology category at CES 2023 and is scheduled to be exhibited. Photo by SK Innovation

SKIET's FCW is a new material that can replace glass in flexible displays used in foldable-rollable electronic devices and automobiles. It consists of transparent polyimide (PI) film and functional hard coating and is used in foldable phones and rollable TV displays.

SK Geocentric received its first innovation award for its UD Tape, a lightweight material for vehicles. UD Tape is a high-performance composite material that adds fiber-type reinforcements to plastic and is gaining attention as a lightweight material that replaces metal. SK On's NCM9+ battery and SKIET's battery separator (LiBS) products also won innovation awards.

Technologies from global partners collaborating with SK Innovation will also be introduced at CES 2023. SK Innovation announced at the 'Global Forum' held in San Francisco, USA, last June that it will build a future growth investment portfolio focused on electrification and recycling.

SK Innovation and SK On will showcase a prototype of the all-solid-state battery from Solid Power, a US company they invested in last year. This product offers 33% higher energy density than conventional lithium-ion batteries and is expected to provide a driving range of about 930 km on a single charge when installed in electric vehicles.

Contents such as SMR (Small Modular Reactor) from TerraPower in the US and ammonia fuel cells from Amogy in the US, which SK Innovation invested in seeing growth potential in the electrification field in the zero-carbon and low-carbon energy era, will also be featured on this CES stage.

Regarding the circular economy recycling sector, SK Geocentric's 'Urban Oilfield' will be introduced. By applying proprietary post-processing technology to pyrolysis oil made by heating waste plastic at high temperatures to improve its quality, it can be used in petrochemical product manufacturing processes. SK Geocentric is collaborating with US-based PCT, Canada's Loop, and UK's Plastic Energy as part of its plan to establish the world's first comprehensive waste plastic recycling complex in Ulsan by 2025.

▲ SK Innovation's battery recycling business BMR (Battery Metal Recycle) ▲ SK Energy and SK Earthon's CCUS (Carbon Capture, Utilization, and Storage) ▲ SK Enmove's EV Fluid (lubricants for electric vehicles) content will also be available at this CES.

Kim Woogyung, Vice President and PR Officer of SK Innovation, said, "At CES 2023, which attracts global attention, we will showcase SK Innovation's eco-friendly business strategy and future direction," adding, "We will continue investments and collaborations with global leading and promising companies in various fields, along with our proprietary technologies."

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