Latest news with #SKInnovation
Korea Herald
07-07-2025
- Business
- Korea Herald
SK Innovation expands mangrove forest project in Vietnam
SK Innovation employees plant mangrove trees in Tra Vinh, a southern coastal province of Vietnam, as part of the company's ongoing social contribution efforts since 2018. On Monday, the Korean energy giant signed a partnership with the local government to create an additional 300-hectare mangrove forest by 2030. (SK Innovation) Local officials and residents of Tra Vinh, Vietnam, pose with a placard marking SK Innovation's mangrove reforestation campaign during a May event supporting the initiative, which began in 2018. (SK Innovation)
Korea Herald
15-06-2025
- Business
- Korea Herald
SK Innovation earns first government certification for AI inspection solution
South Korea's leading energy company SK Innovation said Sunday it has received official recognition for an artificial intelligence-based solution that automates flaw detection in heat exchangers, marking the first government certification in the field of AI-driven diagnostics for industrial systems. The certification was awarded under the Ministry of Trade, Industry and Energy's New Excellent Technology initiative, designed to acknowledge emerging or enhanced technologies with significant market potential in Korea. The solution, co-developed with Ulsan-based AI startup Deep AI, leverages ultrasound to detect defects in heat exchangers with over 95 percent accuracy. It also reduces inspection time by more than 90 percent compared to manual analysis. Heat exchangers are critical to refining and petrochemical processes, as they regulate temperature during production. Over 80 percent of equipment failures stem from tube-related issues, making regular non-destructive testing a key element of industrial safety management. SK Innovation's Ulsan Complex contributed field data, testing infrastructure and operational expertise to the project, while Deep AI provided its proprietary data analysis technology. Supported by Ulsan Metropolitan City and the Ulsan Information Industry, the partnership laid out the foundation for industrial AI applications in manufacturing across Ulsan. SK Innovation and Deep AI aim to expand the solution's application to other industries such as power generation, batteries and steel, and to tap into the global equipment diagnostics market. Deep AI, backed by Korea Hydro & Nuclear Power, is considering entry into the next generation of nuclear technologies, including small modular reactors. "We will continue to collaborate with Deep AI to enhance industrial safety and competitiveness through AI and data-driven innovation," said an SK Innovation official.
Korea Herald
12-06-2025
- Business
- Korea Herald
SK Innovation to power massive Malaysia data center with AI energy tech
South Korea's leading energy company SK Innovation announced Thursday that it has signed a memorandum of understanding to supply energy solutions to Bridge Data Centers' new project in Malaysia. BDC, a Singapore-based data center construction and operations company, develops and manages facilities across the Asia-Pacific region—including Malaysia, Thailand and India— with a combined capacity of 1 gigawatt. Under the agreement, SK Innovation will provide energy solutions for BDC's large-scale data center project in Malaysia, which will have a 270-megawatt capacity, surpassing the size of Korea's largest data center. The solutions will include an AI-based data center management system, energy storage systems, fuel cell backup power, advanced immersion cooling and refrigerant supply systems. SK Innovation's AI-powered data center management system enables real-time power flow and anomaly monitoring, ensuring backup systems activate as needed. Its immersion cooling technology, developed by lubricant subsidiary SK Enmove, directly submerges servers in cooling fluids, enabling efficient thermal management for high-performance AI hardware. 'This agreement demonstrates our world-class energy stability and cost-saving technologies in a real-world setting,' said Kim Moo-hwan, executive vice president of SK Innovation's Energy Solution Division. Kevin Guan, chief investment officer at BDC, added, 'We will contribute to the development of sustainable green energy solutions tailored for data centers.'
Korea Herald
12-06-2025
- Business
- Korea Herald
SK Innovation to provide energy solutions to Singapore data center firm
SK Innovation Co. said Thursday it will supply energy solutions to a major data center firm in Singapore, a move the South Korean energy company sees as a step toward expanding its presence in the global energy solutions market. SK Innovation has signed a memorandum of understanding with Bridge Data Centres to introduce its artificial intelligence-based management system, auxiliary power supply system and liquid immersion cooling solutions for the Singaporean company's data centers, the company said in a press release. The company said it aims to demonstrate the superior stability of its power systems, which remain resilient even during crises, such as blackouts, as well as cost-saving technologies, like immersion cooling. "This agreement with BDC marks a significant step in validating the technological excellence and economic feasibility of our AI-based data center energy solutions," said Kim Moon-hwan, executive vice president of the company's energy solution division. "We plan to leverage this validation to pursue commercialization on a global scale." Depending on demand, the company said it will also explore opportunities for joint research and development projects with global AI data center firms. (Yonhap)
Korea Herald
22-05-2025
- Business
- Korea Herald
SK Earthon wins rights to explore offshore oil, gas in Indonesia
SK Innovation's oil exploration subsidiary completes entrance into Southeast Asia's top three oil-producing countries SK Earthon, an oil and gas exploration subsidiary of SK Innovation, said Thursday it had secured rights to explore two promising oil and gas blocks off the coast of Indonesia. According to SK Innovation, SK Earthon inked a production sharing agreement for the Serpang block near Java Island and the Binaiya block near the Maluku Islands with the Indonesian gas and oil authority SKK Migas during the IPA Convex held at the Indonesia Convention Exhibition in Banten earlier this week. The area of each oil and gas block is estimated at about 8,500 square kilometers. As the Serpang block has nearby blocks that are already producing crude oil and gas, some are projecting the site to have 1.2 billion barrels of oil and 6.3 trillion cubic feet of natural gas. For the Serpang block, SK Earthon owns a 14 percent stake with Malaysia's state-run Petronas holding a 51 percent stake and Japan's Inpex taking up the remaining 35 percent. The Binaiya block is projected to contain up to 6.7 billion barrels of gas and 15 trillion cubic feet of natural gas. SK Earthon holds a 22 percent stake for the Binaiya block while Indonesia's state-run oil company Pertamina and Petronas own 56 percent and 22 percent, respectively. SK Earthon plans to conduct geological analysis and elastic wave exploration of these two blocks over the next three years to discover drilling structures. The Indonesian contract expanded the company's already-widespread presence in the energy exploration business in Southeast Asia as it has been exploring in the waters of Malaysia and Vietnam. 'With the Indonesian oil and gas block deal, we have completed our clustering strategic map for natural resources development in Southeast Asia spanning China, Vietnam and Malaysia,' said an SK Earthon official. 'Based on our successful experiences in Peru and Vietnam, we will turn Indonesia into another promising region for resource development.'
