December 17, 2021
SK Inc., the strategic investment arm of South Korea’s SK Group, was part of a $50-million investment in Fulcrum BioEnergy, a US-based waste-to-fuels company. SK Inc. was joined in the investment with a Korean private equity fund.
Fulcrum produce biofuel on a commercial scale by chemically converting municipal solid waste (MSW) into transportation fuels. SK Inc. plans to enhance its Environmental, Social and Governance (ESG) portfolio with its investment in Fulcrum.
SK Inc. has been expanding investments in green businesses and technologies to achieve its goal of net-zero greenhouse gas emissions in response to global climate change. Leveraging Fulcrum’s proprietary process which utilizes proven technologies and capabilities on a commercial scale, SK Inc. aims to make an inroad into the Korean bioenergy market with SK Ecoplant, another SK group company, as a potential partner. SK Ecoplant is a global engineering and construction firm that has placed a priority on environmentally friendly energy and infrastructure projects.
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