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SK Energy boosts Korean SAF ambitions with 40% stake in largest UCO collector

October 18, 2023 Comments Off

SK Trading International, the trading arm of South Korean SK Energy, has acquired a 40% stake in the country’s largest used cooking oil (UCO) collector, Daekyung O&T, it said in a statement Oct. 17, as it aims to secure feedstock supply for biofuels like sustainable aviation fuel (SAF). This comes after the company inked an agreement Oct. 16 to form…