S-OIL Holds 12th Outstanding Degree Thesis Awards and 4th Next-Generation Scientist Awards
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S-OIL Holds 12th Outstanding Degree Thesis Awards and 4th Next-Generation Scientist Awards
Offers a combined 338 million won to 29 researchers in science areas such as mathematics, physics and chemicals

25(Sun), Dec, 2022




S-OIL President Ryu Yeol of Corporate Strategy & Services and award winners pose at the 12th Outstanding Degree Thesis Awards and 4th Next-Generation Scientist Awards ceremonies at S-OIL headquarters in Gongdeok-dong, Seoul, on Dec. 9. (Photo: S-OIL)


The S-OIL Science and Culture Foundation held the 12th Outstanding Degree Thesis Awards and the 4th Next-Generation Scientist Awards ceremonies at S-OIL headquarters in Gongdeok-dong, Seoul, on Dec. 9.

At the awards ceremony, organized by Korea Academy of Science and Technology (KAST) and Korea University Presidents’ Association, 12 young scientists and their teachers of outstanding degree papers selected in six areas, including mathematics, physics, chemicals, life science, chemical engineering/material engineering, were offered a combined 138 million won in research support funds. 

Five next-generation scientists designated in five areas, including physics, chemical engineering/material engineering and energy and IT received a combined 200 million won in research support funds. 

Among the grand prize winners of the 12th Outstanding Degree Thesis Awards are Dr. Kim Dae-wook of KAIST in mathematics on deterministic and probabilistic, mathematical modeling and analysis of a time-delayed cell system.

The 4th Next-Generation Scientist Awards went to POSTECH Prof. Kim Beom-joon in the physics category, Prof. Bae Sang-soo of Seoul National University in the phycology medicine category, Prof. Park Ho-suk of Sungkyunkwan University in the chemical engineering/material engineering category, Prof. Song Tae-sup of Hanyang University in the energy category, and Prof. Lee Hyun-joo of KAIST in the IT category.

An S-OIL official said, “Since there are globally recognized scientists who released outstanding papers in basic science areas, the future of Korea’s science is bright, and S-OIL will continue support so that Korean scientists can devote themselves to research in a stable fashion down the road.”

S-OIL has operated S-OIL Science and Culture Foundation, in a rare move to support pure science. 

Besides, the foundation has operated diverse programs designed to support research and foster manpower in the science sector, such as the holding of international academic forums in the engineering field. 


S-OIL Spearheads Efforts to Build Waste Cooking Oil Recycling Ecosystem

S-OIL plans to ramp up ESG management and contribute to building a virtuous cycle structure of the Korean and foreign waste oil recycling markets by investing a combined 700 million won in the online waste cooking oil retrieval platform “Allsu,” the refinery company said on Nov. 28.

Allsu, invested by S-OIL, is a startup, offering advanced services using IT technologies instead of an opaque and outdated conventional waste oil retrieval system. 

Allsu is an eco-friendly online platform company specializing in raising the recycling rate of waste oils by systemizing Korean and foreign waste oil recycling markets. 

S-OIL’s making the latest investment is expected to expedite efforts to lead ESG management and boost shared growth with startups. 

Meanwhile, S-OIL has invested outstanding startups in diverse areas to contribute to establishing a sustainable society and continued to review new investment targets. 

An S-OIL official said, “From now on, S-OIL is going to implement direct and indirect investments and collaboration projects with eco-friendly startups, and we’ll fulfill our corporate responsibilities by aggressively supporting innovative ideas with affirmative spill-over effects.” 

   
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