Eni and LG Chem Join Forces on Innovative Biorefinery Project

South Korea’s LG Chem and Italian multinational energy company Eni Sustainable Mobility are exploring the possibility of developing and operating 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 of the proposed project. The final decision for the investment is scheduled for 2024 with the plant to be completed by 2026 at the existing integrated petrochemical complex in Daesan.

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.

LG Chem has been manufacturing eco-friendly plastic products using bio-naphtha since 2020. In April 2021, it became the first South Korean chemical company to receive ISCC Plus certification for nine Bio-Circular Balanced products.

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.