O’Melveny assisted SK Innovation, an intermediate maintaining corporate of South Korean conglomerate SK Workforce, in its USD30 million funding in Amogy, a US corporate specialising in ammonia-based gas cellular programs. The transaction is a bridge observe financing, which is convertible into fairness on sure additional fairness financings.
Spouse and company follow head Daniel Kim led the O’Melveny group in Seoul with the assistance of spouse Kim Woojae and co-workers Park Hae-in and Elizabeth Lopez.
Established in 1962 as Korea’s first and biggest oil refining corporate, SK Innovation is engaged in petroleum, selection power, oil exploration, e-mobility battery, and knowledge and digital fabrics companies in conjunction with 8 subsidiaries. Amogy was once based in 2020 in New York to increase a singular carbon-free power gadget the use of ammonia as a gas for business transportation.