Oil refiner S-Oil reported 410.7 billion won ($357 million) in net profit for the year's second quarter — a turnaround from the same period last year when it was in the red.
Gas stations are no longer places just to fill the tank. They are used for trading secondhand products, parking electric bikes and even generating solar power.
S-Oil said Thursday it has established an ESG committee.
Oil refiner S-Oil reported 344.7 billion won ($309.8 million) in net profit for the year's first quarter, succeeding in a turnaround from the same period last year when it was in the red.
Hussain A. Al-Qahtani, S-Oil CEO, left, poses next to Oh Ji-chul, head of Heart-to-Heart Foundation, at the refinery’s headquarters in Mapo, Seoul, on Tuesday.
S-Oil finished extending its residue hydro-desulfurization unit (RHDS) facilities and initiated operation on March 20 as the oil refining company continues to seek ways to run its business in an eco-friendly way.
S-Oil will ramp up the digitization of its working environment by utilizing drones, camera-equipped helmets and chatbots to improve efficiency and safety.
S-Oil is getting into hydrogen through an investment in a fuel cell business.
S-Oil has donated 150 million won ($134,536) to the Korea National Council on Social Welfare (Kncsw) toward a campaign sponsoring heating oil for 225 households in need of financial support.
S-Oil will invest in a local start-up and earn certified emission reduction (CER) credits worth 13,000 tons a year, the oil refiner said Monday.