In Italy, Eni reported that LG Chem and Enilive have taken a major step toward biofuels growth by breaking ground on Korea’s first hydrotreated vegetable oil (HVO) and SAF production plant in LG Chem’s Daesan Chemical Complex located in Seosan, 80 kilometers southwest of Seoul.
The plant is going to be constructed by the LG Chem and Enilive joint venture, called LG-Eni BioRefining, and it is scheduled for completion in 2027 and will annually process approximately 400,000 tons of renewable bio-feedstock.
“LG Chem is transforming its portfolio to build a low-carbon foundation that ensures both a progressively more sustainable growth and profitability,” said Shin Hak-cheol, CEO of LG Chem. “By advancing innovation in renewable fuels and bio-based feedstocks like HVO, we aim to strengthen our global competitiveness and meet our customers’ evolving needs efficiently.”
Stefano Ballista, Enilive’s Chief Executive Officer, said: “Together with the plants that are already operational in Italy and in the United States of America, and with new biorefining plants under construction in Italy and Malaysia, the upcoming biorefining plant in Daesan will contribute to reach our 2030 target to increase our biorefining capacity to over 5 million tons per year, with the potential to produce more than 2 million tons per year of SAF”.
More on the story.
