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SK Enmove, SQM ink supply deal for refrigerant material iodine

Korea Economic Daily LogoKorea Economic Daily3h ago

SK Enmove, SQM ink supply deal for refrigerant material iodine - Korea Economic Daily

Quick Summary:

In June, the product was certified by the American Society of Heating, Refrigerating and Air Conditioning Engineers, an organization that develops and publishes standards for HVAC systems.“Through collaboration with SQM, which has proven excellent quality and production capacity, we have laid the foundation for the stable production and supply of next-generation automotive refrigerants,” SK Enmove CEO Kim Won-kee said in a statement.“Going forward, we will join hands with various global companies to build solid value chain and move forward as a leading refrigerant and energy-saving company,” he added.

SK Group has been expanding partnership with SQM, also the world’s No.2 lithium mining company, to strengthen its supply chain.In 2022, SK On Co., an EV battery maker, signed an agreement to secure lithium hydroxide, a key battery material, from SQM for five years from 2023.

SK Enmove Co.a lubricant producing arm of SK Innovation Co., said on Thursday that it has signed a preliminary agreement to buy iodine from Sociedad Química y Minera de Chile (SQM), the world’s largest iodine miner, to produce advanced car air conditioner refrigerants.


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Article Details

Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 15:59:53 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22859975

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Official Website: kedglobal.com

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News Last Updated: 6 hours ago

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Publisher ID: #91

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