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LG Chem signs agreement with Danusk Industrial to develop HVO JV

September 2, 2021 |

In South Korea, LG Chem announced that it had signed a Heads of Agreement for the establishment of a hydro-treated vegetable oil joint venture with Dansuk Industrial.

The two companies will sign the definitive agreement in the first quarter of next year and aim to complete the construction of the production plant by 2024. This is the first time that an HVO plant will be built in Korea, and this plant is one of 10 new plants at the Daesan Complex recently announced by LG Chem. 

Category: Fuels

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