GS E&C

GS E&C has announced on the 12th that it has won a contract for the construction of an HVO plant in Seosan, Chungcheongnam-do, worth approximately 714.2 billion Korean Won. This marks the third major plant EPC project secured this year, following the "Fadhili Gas Expansion Program" in Saudi Arabia and the "Northeast Asia LNG Hub Terminal" in Yeosu, Jeollanam-do.

The HVO plant is an eco-friendly facility that decomposes vegetable oils, such as used cooking oil, to produce bio-jet fuel and other products. The plant will be constructed within LG Chem's Daesan plant and is expected to produce 340,000 tons of HVO annually. The project is valued at approximately 714.2 billion Korean Won and is expected to take about 32 months to complete.

The bio-naphtha produced at the HVO plant will be used as the main raw material for ethylene, known as the "rice of petrochemicals," and the bio-jet fuel will be exported overseas as sustainable aviation fuel (SAF).

A GS E&C representative stated, "We are leveraging our project management, engineering, procurement, and construction capabilities, which have been honed through successful execution of traditional plant projects, to establish close cooperation with our clients and technology partners. We aim to secure technological prowess in the new energy market and continue to participate in various projects to solidify our position as a leading player in energy transition ".