LG Chem and Eni Sustainable Mobility join forces for potential new biorefinery

Final investment decision (FID) is scheduled by 2024 and the plant will be completed by 2026 at the existing integrated petrochemical complex in Daesan, South 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 decarbonise 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.

Committed to producing more sustainable chemicals, LG Chem will leverage its knowledge and resources to ensure the project's success. Eni will bring its experience in biorefining, along with its Ecofining™ technology.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/14092023/lg-chem-and-eni-sustainable-mobility-join-forces-for-potential-new-biorefinery/