December 12, 2023

S-Oil invests in startup developing safe water solution

PUBLISHED : October 19, 2020 - 16:45

UPDATED : October 19, 2020 - 16:45

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • sms

S-Oil announced on Oct. 19 that the company would secure certified emission reductions by helping a local startup specializing in developing solutions designed to improve access to safe water in developing countries.

S-Oil will purchase certified emission reductions of around 13,000 metric tons of carbon dioxide by investing in Glory & Tech, the South Korean firm that is currently providing water solutions to foreign nations including Bangladesh. 

S-Oil said the latest decision is part of the company’s corporate social responsibility activities.

Meanwhile, S-Oil has been joining global efforts to reduce greenhouse gas emissions, it said. S-Oil, for instance, has introduced a self-developed energy monitoring system in its production lines in Ulsan and managed to reduce greenhouse gas emissions by 6 percent.

The refiner also slashed the proportion of high-sulfur heavy fuel Bunker C by using liquefied natural gas to curb greenhouse gas emissions, the company said. 

By Shim Woo-hyun (

  • 페이스북
  • sms


Herald Corporation|Title : The Investor
CEO : Jeon Chang-hyeop|Publisher. Editor : Jeon Chang-hyeop
Chief Privacy Officer & Juvenile Protection Manager : Ahn Sung-mi
Date of registration : 2016. 06.21|Date of issue : 2016. 06. 21
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099