How STIC Investments’ bet on animal fat processor DK O&T pays off

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The story "How STIC Investments’ bet on animal fat processor DK O&amp;T pays off" was covered 10 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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How STIC Investments’ bet on animal fat processor DK O&T pays off - Korea Economic Daily

Quick Summary:

Low-emission fuels now make up 30% of DK O&T’s sales.“We anticipated the biofuel market would materialize soon,” said Kang Ilsung, managing director of STIC Investments’ special situations division.“(DK O&T) boosted sales by expanding the biofuel business, while securing steady revenue from feedstock and chemical raw materials,” he added.

In 2023, the South Korean private equity firm sold the company to a consortium led by SK Trading International Co.at about three times its investment of 94.5 billion won ($65 million).

However, STIC Investments Inc.bet that Daekyung Oil & Transportation Co.(DK O&T), based in Busan, South Korea’s second-largest city, could be reborn as a high-end products and environmentally-friendly company.