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SK Innovation to invest in chemicals, oil exploration

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/01/2017 (12:39)
According to media reports, SK Innovation Co Ltd, owner of South Korea’s SK Energy, announced that it will make an investment worth 3 trillion won ($2.50 billion) in chemicals, oil exploration as well as battery business in order to speed up its global growth. As part of the plan, SK Innovation is planning to make purchases in chemicals and oil exploration sectors, which is expected to bring new growth options and improve its businesses in 2017.

Last September, the company had said it was planning to make more businesses in China through joint ventures and purchases of Chinese chemical companies, after investing in the Sinopec-SK Wutan Petrochemical joint venture in 2013.
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