New Cooperation between SK Innovation, SKIET and Lotte Chemical to push into Carbon Capture Market
4. April 2024SK Innovation, SK IE Technology (SKIET), and Lotte Chemical have formed an alliance last year to advance together in the carbon capture market. They signed a Memorandum of Understanding to collaborate on enhancing carbon capture technologies, focusing on high-performance separator membrane processes, and exploring new applications. Pressure vessels used in this area usually require KGS registration in order to be approved for import and use in Korea.
The goal of the cooperating companies is to leverage their strengths in carbon capture to support their commitment to a net-zero future by 2062, with investments in relevant technologies and a focus on commercializing gas separator carbon capture processes for the petrochemical industry. This collaboration aims to lead the carbon capture market and contribute to carbon neutrality.
SK Innovation and SKIET have already made earlier advances with the use of their LiBS (Lithium-Ion Battery Separator) technology, next to Lotte Chemical’s progressive design of a commercial gas separator carbon capture process.
The synergy between the acteurs promises big steps towards the realization of carbon neutrality for the petrochemical industry.
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