Ryu Yul News Today

S-Oil will be able to produce sustainable aviation fuel (SAF) for international aviation for the first time in Korea, after the refiner acquired three green certifications on sustainable and low-carbon products, the company said Thursday.

S-Oil announced Thursday that it has become the first refinery in South Korea to achieve three International Sustainability & Carbon Certification (ISCC) certificates: ISCC CORSIA, ISCC EU, and ISCC PLUS. This certification, also known as the Carbon Offsetting and Reduction Scheme for International Aviation, formally qualifies the production of sustainable aviation fuel (SAF) in the international aviation sector....

Foreign companies operating in Korea hope for the government to provide larger incentives and improve local infrastructure so that they can invest more in the country, according to the Ministry of Trade, Industry and Energy, Wednesday.

S-Oil CEO Anwar Al-Hejazi received a positive response from President Yoon Suk Yeol to his company’s request to deduct taxes for a longer period of time for firms that make long-term investments with large-scale projects, Saudi Arabia’s Aramco-owned refiner said, Thursday.

South Korean oil refiner S-Oil announced Wednesday that it has signed a letter of intent with Saudi Aramco, Saudi Arabia's state oil giant, to secure low-carbon ammonia and contribute to the nation’s hydrogen industry. Following last year’s agreement to build a hydrogen supply chain between the two companies, the new partnership aims to confirm their will to support global decarbonization efforts. Un...

S-Oil joins campaign to reduce disposables

Posted : 2021-03-07 12:51 Updated : 2021-03-07 18:36 S-Oil President Ryu Yul, left, poses with Fuel Cell Innovations CEO Lee Tae-won during an investment agreement signing ceremony at the refiners headquarters in Mapo-gu, Seoul, Friday. Courtesy of S-Oil By Nam Hyun-woo S-Oil is seeking to diversify its energy mix by acquiring a 20-percent stake in a Korean-Saudi Arabian fuel cell company. The refiner said Sunday that it signed an agreement with Fuel Cell Innovations (FCI) at a ceremony in Se...