LAS VEGAS -- SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has joined hands with Plug and Play Ventures, an international early-stage venture capital, to cooperate in the development and investment of new eco-friendly businesses.
2022 has been a busy year for the South Korean environmental and energy solution provider. SK ecoplant partnered with a handful of companies across the globe to expand its business areas into various sectors including environmentally-friendly construction materials, hydrogen fuel cells, recycling, waste management, and biohydrogen production.
SK ecoplant said during a press conference held at the Consumer Electronics Show (CES) in Las Vegas Convention Center on January 7 that the company signed a memorandum of understanding with Plug and Play Ventures to jointly seek and incubate eco-friendly technology startups, verify and commercialize startups’ technologies, and create a sustainable eco-friendly ecosystem that will nurture supported companies.
Plug and Play Ventures is one of the world’s largest venture capital companies. Plug and Play has incubated some 2,500 startups across the world by cooperating with about 450 partner companies.
“This cooperation agreement has a great meaning as we will accelerate the virtuous cycle of the establishment of a sustainable ecosystem by acquiring technological competitiveness through the early development of innovative global eco-friendly technologies,” SK ecoplant CEO Park Kyung-il told reporters on January 7.
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