Italy's Eni and LG Chem team up for biorefinery plant in South Korea

LG Chem

14/09/2023 07:56

MILAN, Sept 14 (Reuters) - The sustainable mobility unit
of Italy's Eni  ENI.MI  and petrochemicals maker LG Chem
 051910.KS  have teamed up to explore the potential development
of a biorefinery in South Korea, the two companies said in a
statement on Thursday. 
    The project, which is designed to process around 400,000
tonnes of bio-feedstocks per year, aims to boost the production
of sustainable fuels and plastics through low-carbon processes
amid growing demand as well as decarbonise the energy and
mobility sector. 
    A final decision for the investment is scheduled by next
year and the plant is set to be completed by 2026 at LG Chem's
existing integrated petrochemical complex in Daesan. 

 (Reporting by Federico Maccioni, editing by Gianluca Semeraro)
 ((Federico.maccioni@thomsonreuters.com; +39 3420768883;))