- Corporate News
SK Trading invests in accelerating low-carbon fuel development
SK Trading International (SKTI), a wholly owned subsidiary of SK Innovation, has closed a round of institutional funding into Infinium, a clean fuels innovator. The investment will support acceleration of Infinium’s commercial developments globally.
“SKTI is excited about the opportunity to support expanding green energy supply opportunities globally through its investment in Infinium to achieve net zero activities,” said Suh Sok-won, CEO of SKTI. “With this investment, we aim to support the acceleration of Infinium Electrofuels adoption globally.”
Infinium Electrofuels technology converts carbon dioxide waste and renewable power through its proprietary process to create hydrogen-based alternatives to traditional fossil-based fuels. Electrofuels are ultra-low carbon drop-in fuels that can be used in today’s infrastructure and engines without modifications or upgrades.
Electrofuels are emerging as a next-generation low-carbon fuel alternative. Infinium’s technology focuses on production of liquid fuel alternatives for industries that are challenged with decarbonisation today, such as long-haul trucking, marine and aviation. Demand for low-carbon fuel alternatives continue to grow globally as companies look for ways to decarbonize their supply chains, while governments enact policies to support the supply of decarbonised fuels.
SKTI’s investment in Infinium is a significant step toward the implementation of SK Innovation’s “Carbon to Green Strategy,” announced last year, and is the first investment in the next-generation green energy field.
“We welcome SK to our portfolio of investors and appreciate the confidence they have placed in us as we ramp production of Infinium Electrofuels for global markets.” said Infinium CEO Robert Schuetzle.