In South Korea, LG Chem and Eni Sustainable Mobility jointly announced they are exploring the possibility to develop and operate a new biorefinery at LG Chem’s Daesan chemical complex, 80 kilometers southwest of Seoul, South Korea.
Together, the companies are examining the technical and economic feasibilities for the proposed project. Final decision for the investment is scheduled by 2024 and the plant will be completed by 2026 at the existing integrated petrochemical complex in Daesan, Korea. The new biorefinery will leverage LG Chem’s integrated value chain as well as the existing utilities and facilities of the industrial site.
The potential biorefinery aims to meet the growing demand for more sustainable fuels and plastics produced by low-carbon processes, as well as to help progressively decarbonize the energy and mobility sector. It is designed to process approximately 400,000 tons of bio-feedstocks annually using Eni’s Ecofining™ process, developed in collaboration with Honeywell UOP. It will also have the flexibility to process renewable bio-feedstocks and produce multiple products including Sustainable Aviation Fuel (SAF), Hydrotreated Vegetable Oil (HVO), and bio-naphtha.
