South Korea’s SK Group will reinforce its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste recycling, solar and wind power, said the group Chairman Chey Tae-won.
The second-largest conglomerate in South Korea has pioneered Vietnam’s fast-growing renewable energy market, operating solar and onshore wind plants in their pledge to net zero emissions by 2050.
“We will support Vietnam's clean energy transition and collaborate in achieving carbon neutrality by utilizing cutting-edge technologies such as carbon capture, utilization and storage (CCUS), small nuclear reactors and energy solutions,” Chey said in a meeting with Vietnam’s Prime Minister Pham Minh Chinh on Oct. 28,
CCUS is a technical process of capturing CO2 from emissions for industrial production, turning it into value-added products, or storing it permanently or semi-permanently.
