SK Incheon Petrochem 최윤석 “Promoting Domestic and International Collaboration in Waste Resource Recycling Business”

In-house News Interview

[Asia Economy Reporter Choi Seoyoon] Choi Yoonseok, CEO of SK Incheon Petrochem, stated, "We are promoting a waste resource recycling business" and added, "We will strengthen domestic and international collaboration to achieve tangible results in the recycling of waste plastics and waste tires."

In an interview with SK Innovation's SkiNews, CEO Choi said, "Based on the foundational strength built over the past 10 years, this year we aim to achieve tangible results in 'Carbon to Green' and innovate our business portfolio." SK Incheon Petrochem marked the 10th anniversary of its establishment as a subsidiary of SK Innovation this year.

CEO Choi also said, "In response to global carbon regulations and the increasing demand for eco-friendly aviation fuel, we will continue to build collaborative relationships to supply biofuels," adding, "We also plan to continue supporting the supply of by-product hydrogen and commercial operation for the Incheon liquefied hydrogen plant construction project."

He expressed optimism about the eco-friendly livestock industry model project, which began in earnest last year. CEO Choi stated, “The eco-friendly livestock industry model project applies the environmental and safety technology capabilities and know-how accumulated by SK Incheon Petrochem over more than 50 years in the refining and chemical sectors to the livestock field,” adding, “It is expected to become a model that reduces greenhouse gas emissions and odors from livestock farming and converts livestock manure into biogas to produce renewable energy.”

Earlier, SK Incheon Petrochem signed a Memorandum of Understanding (MOU) for the eco-friendly livestock industry model project in June last year with the Ministry of Agriculture, Food and Rural Affairs, NongHyup, and others. A pilot project is planned to be conducted within the year in Gochang, Jeonbuk.

Choi Yoon-seok, President of SK Incheon Petrochem [Photo by SK Incheon Petrochem]

CEO Choi said, “The goal of SK Incheon Petrochem is to grow into a company that benefits the environment and society through ‘Green Energy’ and ‘Green Solutions,’” adding, “This is not only about the company’s sustainable growth but also about concerns for local communities, the nation, and ultimately the planet.”

Regarding the future direction of SK Incheon Petrochem, CEO Choi identified developing new revenue businesses, responding to the decline in demand for transportation petroleum products, and enhancing corporate value through Carbon to Green growth. He emphasized leveraging SK Incheon Petrochem’s position as the only petrochemical company in the metropolitan area to take a step forward toward the net-zero era.

To this end, he proposed strategies for green business transformation, including reallocating existing carbon assets to create an optimized investment environment, expanding strategic partnerships and connections with local communities, and accumulating successful experiences through swift decision-making.

CEO Choi emphasized strengthening top-level SHE (Safety, Health, and Environment) capabilities and trust with stakeholders, along with the continuous enhancement of a ‘fearless organizational culture’ and ‘employee competencies.’ He said, “This year is the most important period for SK Incheon Petrochem to upgrade to a ‘Green Energy & Solution Provider,’ and I hope that both the company and its members set new goals, unite their efforts, and become pioneers who take on challenges.”

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