SK E&C makes moves for the Green New Deal

Industry

Published: 20 Jul. 2020, 18:10

SK E&C makes moves for the Green New Deal

SK E&C CEO Ahn Jae-hyun. [SK E&C]

Following the government’s Green New Deal policies, SK E&C announced an organizational restructuring.

With the goal of achieving sustainable management and social values, SK E&C is opening a new division handling eco-friendly businesses while the energy technology division will become a new energy division.

The division handling sustainable businesses will be directed by SK E&C CEO Ahn Jae-hyun. It will work on developing a circular economy through recycling by converting waste from industrial settings into eco-friendly, high-value products. The builder also plans to construct smart and green industrial complexes in line with the government’s recent policies.

It did not detail how the smart green industrial complexes will be developed, saying it is “too soon” to announce anything specific.

The new energy business will expand solar and wind initiatives as well as the solid-oxide fuel-cell businesses while developing a liquefied natural gas plant. It also plans to update old refining and power generation facilities.

SK E&C plans to build a new EPC (Engineering, Procurement and Construction) model centering on smart construction, while offering smart solutions for urban lifestyles.

Its goal includes conducting public-private partnership projects for building high-yield infrastructure overseas.

SK E&C “will secure the future growth engine by providing optimal solutions through technological development and endless communications with customers and the market,” said Ahn. “Based on the organizational restructuring, [the company] will continue to discover sustainable, new business models based on social values.”

BY JIN MIN-JI [jin.minji@joongang.co.kr]