SK Vietnam Case Studies
November 20 2020
Client name: SK Vietnam
Industry: UCOs market
Type of Service: Used Cooking Oils (UCOs) s market
Challenge: SK Vietnam is considering to source Vietnam used cooking oip suppliers for its production of biofuels in Korea but there is a lack of information in this market in Vietnam.
Challenge - explained
SK Group is one of largest conglomerates (chaebols) in South Korea. The Group is involved in many industries such as chemical, petroleum, energy, healthcare, etc. With the purpose of sourcing Vietnam used cooking oip suppliers for its production of biofuels in Korea, SK Vietnam would like to get in-depth understanding of this market in Vietnam. UCOs is a niche market so that it is difficult for SK to access market data and market insight as well as its key trends. In addition, it is challenging for SK to find target suppliers meeting their demand because only small amount of used cooking oil was collected for export purpose since the exported volume of used cooking oil from Vietnam accounted for only 16% total edible oil consumption in 2019.
FiinResearch supported SK to conduct a comprehensive market research on UCOs market in Vietnam. The deliverables were as: in-depth analysis of UCOs market in Vietnam with overview on the market, market size and segmentation, competitive landscaping; in-depth analysis of top 5 UCOs exporters in Vietnam. FiinGroup also helped SK Energy connect with potential suppliers for further cooperation with contact information, introduction meeting,...
SK Energy was given comprehensive information on UCOs market in Vietnam. Key findings in the report helped them to find out the potential for cooperation of Vietnam UCOs market. FiinResearch connected and discussed with Top 5 UCOs exporters in Vietnam for market insight. We also mentioned commercial collaboration (i.e. selling UCOs to SK Energy) to them and all of them is open for that. As this is a positive indication, we forwarded all contact information of target UCOs exporters to SK Energy for them to proceed further.