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SK Materials Co. will invest 120 billion won in its newly-formed joint venture with US clean technology firm 8 Rivers Capital, LLC to deploy zero-emissions power projects to existing power plants in the Asia-Pacific region.
The zero-carbon technologies include hydrogen, carbon capture, and biomass carbon removal.
The Asia-Pacific region generates more carbon each year than the rest of the world combined and is critical to global decarbonization by 2050.
SK’s technological and engineering capabilities will serve as a force multiplier for 8 Rivers, while SK will leverage the partnership to deploy clean projects for its domestic and foreign operations, according to 8 Rivers.
