Italian multinational energy company Eni has teamed up with chemical company LG Chem for a possible biorefinery in South Korea.
On September 14, the companies reported that they were conducting technical and feasibility assessments. The project in question would be at the Daesan chemical complex, located 80 km southwest of Seoul.
With a final investment decision to be made by next year, the factory is expected to be completed by 2026.
The company expects the biorefinery to process around 400,000 tonnes per year of biological feedstocks. They use the Ecofining process, developed in collaboration with Honeywell UOP.
The plant would produce a range of products including sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO) and bio-naphtha, the companies said.
As part of the partnership, Eni said it would bring its biorefinery expertise along with its Ecofining technology to the project, while LG Chem would contribute its expertise and resources.
According to its website, Eni operates in several sectors, such as natural gas, oil, cogenerated electricity and renewable energy. In addition, the company is involved in traditional and biological refining, as well as the production of chemical products.
LG Chem, headquartered in South Korea, is a leading global chemical company operating in the petrochemical, advanced materials and life sciences sectors.
Source: Oils & Fats International
