In South Korea, SK Inc., the strategic investment arm of South Korea’s SK Group, announced that it was part of a $50 million investment in Fulcrum BioEnergy Inc., a U.S.-based waste-to-fuels company. SK Inc. was joined in the investment with a Korean private equity fund.
SK Inc. has been expanding investments in green businesses and technologies to achieve its goal of net-zero greenhouse gas emissions in response to global climate change. Leveraging Fulcrum’s proprietary process which utilizes proven technologies and capabilities on a commercial scale, SK Inc. aims to make an inroad into the Korean bioenergy market with SK Ecoplant, another SK Group company, as a potential partner. SK Ecoplant is a global engineering and construction firm that has placed a priority on environmentally friendly energy and infrastructure projects.