SK Innovation plans 200 hectares of new mangroves in Vietnam by 2030
In short
SK Innovation said it signed a mangrove restoration memorandum on October 13 with Can Tho's government and social enterprise MangLub. The company plans 200 hectares of new mangrove forest in Vietnam from this year through 2030.
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SK Innovation plans to create 200 hectares of new mangrove forest in Vietnam from this year through 2030 after signing a restoration memorandum with Can Tho's government and local social enterprise MangLub. The company announced the agreement on October 14, saying it was signed the previous day. Under the memorandum, SK Innovation will secure planting sites in Can Tho and establish cooperation with local communities to manage and protect them, according to Asia Economy, Newsis, Yonhap and Seoul Economic Daily. [ 1 , 2 , 3 , 4 ]
Local residents will participate in the project, which the company says will support jobs. Environmental education will explain the importance of mangrove ecosystems to residents and students. Asia Economy and Seoul Economic Daily reported that SK Innovation intends to use its life-cycle assessment capabilities to measure biodiversity changes in planted areas and manage restoration effects. MangLub was established locally by SK Innovation in 2019 for the mangrove program, Yonhap reported. Asia Economy described its activities as protecting mangrove ecosystems and providing environmental awareness education. [ 1 , 3 , 4 ]
SK Innovation began its mangrove restoration program in Vietnam's Vinh Long province in 2018 and later expanded activities to Myanmar, Malaysia and Fiji, the outlets reported. The company says it has planted 1.14 million seedlings over 294 hectares to date. Seoul Economic Daily described mangroves as coastal plants that absorb and store carbon, provide habitat and help prevent coastal erosion and soil loss. The latest agreement sets out additional planting and assessment plans; the reports do not provide measured results for the new sites. [ 1 , 2 , 3 , 4 ]
Why it matters
The plan includes local participation in managing and protecting planting sites and environmental education for residents and students. SK Innovation also plans to measure biodiversity changes to assess restoration effects.
Key facts
- SK Innovation signed the memorandum with Can Tho's government and MangLub on October 13 and announced it on October 14. [ 1 , 2 , 3 , 4 ]
- It plans 200 hectares of new mangrove forest in Vietnam through 2030. [ 1 , 2 , 3 , 4 , 7 ]
- The company says its mangrove program has planted 1.14 million seedlings across 294 hectares since 2018. [ 2 , 3 , 4 ]
- The project includes environmental education and participation by local residents. [ 1 , 4 ]
Confirmed by several sources
Still unclear
- The future restoration outcome has not yet been measured in these reports. The documents announce planned planting and assessment.