China became the world’s second largest economy behind U.S. with its astonishing economic growth at an annual average rate hovering above 9% in the last decade. Such a phenomenal growth, driven by industrialization and urbanization, has also brought with it some unwanted side effects such as serious environmental pollution and shortage of energy. The Chinese government set environmental issues as one of the top national agendas to help the nation enjoy a higher quality of life that is in line with the quantitative growth it has witnessed over the years. SK gas will take advantage of its differentiated technological know-how and will look for new growth opportunities by tapping into the promising environmental business in China, such as water treatment, waste treatment and green energy business.
SK gas was the first in the domestic LPG industry to make foray into China to launch LPG downstream distribution in 1999, which was followed by business diversification in many areas. In March, 2007, SK gas and SK E&S forged equity-stake alliance with ‘China Gas Holdings’, which opened the door to develop and run city gas and energy products in China. SK gas became the majority shareholder of China Gas Holdings in Nov. 2010, further strengthening the foundation for business expansion in China.

In Dec. 2010, ‘SK (Beijing) Environmental Consulting’ was officially launched to fully fledge ‘Green & Clean’ business in China, which has been set as key business, based on the belief that China has to take care of its environmental issues in order to achieve constant economic growth. SK gas has a strong conviction that ‘Green & Clean’ business will offer new growth opportunities on top of the stable growth foundation we already enjoy.

Going forward, SK gas will commit to building upon SK Group’s capabilities internally and identifying reliable strategic partners externally to ultimately take the initiative in driving “Green & Clean“ growth in China.