GS Construction announced on the 11th that it has secured an order for an eco-friendly plant commissioned by LG Chem. This is the third large-scale plant construction project secured this year, following the 'Fadhili Gas Expansion Program' in Saudi Arabia and the 'Northeast Asia LNG Hub Terminal' in Yeosu, Jeollanam-do.
LG Chem Daesan Plant overview. GS Engineering & Construction will build an HVO plant here. (Provided by GS Engineering & Construction)
The 'HVO Production Facility' ordered by GS Construction is an eco-friendly facility that decomposes waste cooking oil and palm oil by-products to produce high value-added light oils such as bio-naphtha, bio-jet fuel, and biodiesel. The facility, capable of producing 340,000 tons annually, will be constructed at LG Chem's Daesan Plant in Chungnam. The contract amount is approximately 714.2 billion KRW, and the construction period is expected to be about 32 months.
A GS Construction official stated, "Based on the project management, design, procurement, and construction capabilities honed through successfully executing traditional plant projects, we are securing technological expertise in the new energy transition market as well," adding, "We aim to emerge as a leading player responsible for a key sector in the energy transition field."
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