LG Chem and Eni Sustainable Mobility to Develop Biorefinery Utilizing Bio-feedstock

LG Chem and Eni Sustainable Mobility jointly announce that 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.

Committed to Produce More Sustainable Chemicals:

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 #biofeedstocks 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. LG Chem has been manufacturing eco-friendly plastic products using bio-naphtha since 2020.

Bringing Extensive Experience in Biorefining:

In April 2021, LG Chem became the first South Korean chemical company to receive ISCC Plus certification for nine Bio-circular Balanced products. Four months later, LG Chem started shipping its first bio-balanced SAP (#SuperAbsorbentPolymer) products, also certified with ISCC Plus, to overseas markets.

In October 2022, #LGChem expanded its #ISCCPlus certified eco-certified product portfolio to over 50 items, reaffirming its ever-growing commitment to #sustainability. LG Chem will now work closely with Eni to increase the visibility of its eco-friendly integrated brand LETZero.

Eni will bring its extensive experience in biorefining, along with its Ecofining™ technology. In 2014, Eni accomplished the world’s first refinery-to-biorefinery conversion at Porto Marghera, Venice, followed by a second converted #biorefinery that has been working in Gela (Sicily) since 2019.

In June 2023, #Eni entered in a joint venture with #PBFEnergy acquiring 50% interest of St. Bernard Renewables LLC bio-refinery in Louisiana (USA) also based on the use of the Ecofining™ technology.

Source: LG Chem/specialchem

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