HD Hyundai E&F, a subsidiary of HD Hyundai Oilbank specializing in district energy, has completed a liquefied natural gas (LNG) cogeneration plant in the Daesan petrochemical complex in South Chungcheong Province, marking the start of energy supply.
The completion ceremony was held on September 14 at the LNG cogeneration plant in Daesan-eup, Seosan City, attended by key officials including Song Myung-jun and Jeong Im-joo, representatives of HD Hyundai Oilbank, and Kim Myung-hyun, CEO of HD Hyundai E&F.
Approximately 435 billion won was invested in the construction of this LNG cogeneration plant. Established in 2021, HD Hyundai E&F began construction of the plant in March 2024, building power generation and heat supply facilities over two years. Following a phased commissioning process to verify the performance and stability of the facilities, commercial operations commenced at the end of July.
The newly constructed plant has a power generation capacity of 290 megawatts and a heat production capacity of 321 tons per hour. It utilizes a high-efficiency gas turbine combined cycle method, producing both electricity and thermal energy simultaneously.
The electricity and thermal energy produced by HD Hyundai E&F will be supplied to companies located in the Daesan petrochemical complex, including H&L Advanced. This is expected to provide tenant companies with stable and competitively priced energy. H&L Advanced is a newly established corporation formed by the merger of HD Hyundai Chemical and Lotte Daesan Petrochemical, which held its launch ceremony on September 4.
Song Myung-jun, CEO of HD Hyundai Oilbank, stated, "The completion of this LNG cogeneration plant is significant as it enhances the energy infrastructure of the Daesan petrochemical complex. I hope that HD Hyundai E&F will contribute to improving the competitiveness of tenant companies and the development of the local industry through stable energy supply."
Kim Myung-hyun, CEO of HD Hyundai E&F, remarked, "We will do our best to operate the high-efficiency combined generation facilities stably and ensure uninterrupted supply of electricity and heat. We will also continuously improve facility efficiency to contribute to enhancing energy efficiency and reducing carbon emissions for our clients."
* This article has been translated by AI.
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