Italian multinational energy company Eni has teamed up with chemical company LG Chem for a potential biorefinery in South Korea.
Technical and feasibility assessments for the potential project at LG Chem’s Daesan chemical complex, 80km southwest of Seoul, were being conducted, the companies said on 14 September.
With a final investment decision due to be made by next year, the plant was expected to be completed by 2026.
If it went ahead, the biorefinery was expected to process approximately 400,000 tonnes/year of bio-feedstocks using the company’s Ecofining process, which was 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 experience of biorefining along with its Ecofining technology to the project, while LG Chem would contribute its expertise and resources.
According to its website, Eni is active in the natural gas and oil sectors, as well as the co-generated electricity and renewables sectors, including both traditional and bio refining and chemicals.
South Korea-based LG Chem is a leading global chemical company and is active in the petrochemicals, advanced materials and life sciences sectors.
