Page 165 - CW E-Magazine (5-9-2023)

News from Abroad

HEAT MANAGEMENT

SK Enmove partners with Dell, GRC for data centre

coolant business

South Korea’s lube oil firm, SK En-
move, has partnered with US computer
maker, Dell Technologies, and data
centre cooling system provider, Green
Revolution Cooling (GRC), to expand
its presence in the growing liquid coo-
lant market. SK Enmove, a unit of
Korean oil refiner, SK Innovation, said
it has signed an initial agreement with
the two US partners to jointly develop
lubricant-based liquid coolants for data
centres and build a supply chain in key
growth regions around the world. Under
the memorandum of understanding, the
three companies will also seek to deve-
lop new data centre cooling technology
and create an after-sales service market.

GRC specialises in evaluating and
verifying heat management fluids used energy use for cooling, and reduces car- search firm, Future Market Insights, the
in immersion cooling systems for data bon emissions. “Demand for heat man- global immersion coolant market is fore-
centres. Liquid immersion cooling is a agement solutions in areas including data cast to grow at an average annual rate of
more efficient heat management tech- centres and electricity usage is rapidly 21.5% to $2.1-bn by 2032, from $330-mn
nology that cools data servers by directly increasing. This partnership with Dell in 2022. In March last year, SK En-
immersing them in a cooling liquid, and GRC will give us an opportunity to move, formerly SK Lubricants Co., in-
compared to air cooling. Liquid cool- enhance our presence in the fast-growing vested $25-mn in GRC as part of its push
ing also significantly lowers data centre market,” said SK Enmove’s CEO, Mr. to make the immersion cooling system
power usage by eliminating most of the Park Sang-gyu. According to market re- business one of its new growth drivers.

TotalEnergies acquires stake in a CO storage
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exploration license in Norway

French oil & gas major, TotalEn- project (TotalEnergies, 33%) is under Europe,” said Mr. Arnaud Le Foll, Senior
ergies, has signed an agreement with development, with a first phase due to Vice-President New Business – Carbon
CapeOmega Carbon Storage, a wholly- start in 2024. ‘ExL004’ is operated by Neutrality at TotalEnergies. “With the
owned subsidiary of Norway’s Cape- Wintershall DEA Norge with a 60% Northern Lights start-up in 2024 and
Omega, to acquire the 40% parti- participating interest. other projects under development in
cipating interest held by CapeOmega the Netherlands, Denmark and the UK,
in the CO2 storage exploration license “This transaction is an important TotalEnergies is building a world-class
‘ExL004’ (the Luna project). milestone to grow our CO storage of- carbon storage portfolio across the
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fering: subject to a successful explora- North Sea. Norway will play a leading
Located 120-km offshore Bergen, tion, this area could enable the storage role in this portfolio thanks to its large
‘ExL004’ is adjacent to the license of several hundred million tonnes of geological storages and supportive
where the Northern Lights CO storage CO from hard-to-abate industries in government policies,” he added.
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Chemical Weekly September 5, 2023 165

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