SK Energy splits tank terminal business, new company SK Tank Terminal to launch next year = South Korea

At a board meeting held on the 10th, SK Energy, a major seller of oil formers, decided to split the personnel of its ``crude oil operation and marine shipping organization'' and establish a new corporation, SK Tank Terminal (tentative name).
It was announced on the 13th that it had been discussed. The new corporation will be a 100% subsidiary of SK Innovation, a major oil former seller and chemical company, and is scheduled to be officially launched on January 1, 2024 after a general meeting of shareholders on November 27.
. The decision to establish this new corporation was made with the aim of securing competitiveness and new business opportunities through independent decision-making based on expertise. In the long term, we will respond to increasing demand for low-carbon products and
The idea is to strengthen competitive power. The Crude Oil Operation and Maritime Shipping Organization is an organization responsible for storing and shipping crude oil and petrochemical products, and is located in Ulsan, the SK Group's production base.
) The complex (CLX) has storage tanks and wharf facilities where ships can dock. SK Tank Terminal is increasing profitability by providing storage equipment such as tanks to some customers.
and expand its business in the area of storing and shipping low-carbon raw materials and products, including sustainable aviation fuel (SAF).
An SK Energy official said, ``For the past 60 years, we have been operating tank terminals and building our operational strength and competitiveness.
I've put it on. We will build a structure that allows for sustainable growth at SK Tank Terminal."