SK Group eyes investments in LNG, hydrogen, and data centres
SK Group eyes investments in LNG, hydrogen, and data centres
South Korean conglomerate SK Group is looking to develop large-scale liquefied natural gas (LNG) power plants, AI-ready data centres, hydrogen energy, and small modular nuclear reactors.
Photo: VNA |
The information was shared by Chey Tae-won, chairman of SK Group, at a meeting with Party General Secretary To Lam on February 14.
He said, "SK Group boasts the world's leading capacity in the energy sector. Thus, the group is looking to partner with Vietnam for energy projects coupled with developing spearhead sectors such as LNG infrastructure, hydrogen energy, and small modular nuclear reactors.
"SK Group also is keen on potential projects related to AI-ready data centres, high-tech agriculture, and logistics," he added.
Party General Secretary To Lam lauded SK Group's plans to deploy new projects in Vietnam in line with the country's socioeconomic development orientation. The general secretary proposed SK Group collaborate closely with local agencies and localities to accelerate project implementation.
Also on the same day, the SK Group chairman met with Prime Minister Pham Minh Chinh. He highlighted SK Group's proposed development of large-scale LNG power plants. Based on this foundation, the group will build energy centres in association with developing AI, logistics, hydrogen, environmentally friendly agriculture, and innovation.
The chairman affirmed, "These projects will have a positive impact, contributing to Vietnam's socioeconomic development, ensuring electricity, developing key industries, attracting investments, reducing CO2 emissions, and creating jobs. These initiatives can also improve the trade balance between Vietnam and many of its major economic partners through the import of raw materials."
In addition, SK Group is looking to strengthen collaboration with the National Innovation Centre (NIC) through workforce training programmes, hydrogen research, and AI, alongside a forum for South Korean economic and academic circles in Hanoi.
The prime minister hopes SK Group will continue to partner with NIC to ensure more efficient operations while supporting the NIC and Vietnam to develop an ecosystem of science, innovation, and digital transformation.
SK Group has 200 subsidiaries with a market capitalisation of nearly $200 billion, ranking second in Korea. Last year, the group posted a revenue of more than $150 billion.
In Vietnam, SK Group has invested $3.5 billion across various sectors and established subsidiaries in priority areas, including a $500 million high-tech biodegradable materials plant.
