SK Incheon Petrochem, a wholly-owned subsidiary of SK Innovation, has diversified its business portfolio to recycling with the acquisition of LD Carbon, a Seoul-based start-up that owns technologies for re-cycling waste tires to make green carbon black. With this investment, for which a value was not dis-closed, LD Carbon will build a new facility producing tire pyrolysis oil that will be supplied to SK Incheon to make 20 kta of eco-friendly products in the first half of next year. Korea Development Bank will provide support through the issuance of new convertible bonds. With the latest investment in LD Carbon, SK Incheon Petrochem will be able to secure know-how on tire pyrolysis oil to expand our position in the related industry.