Work begins on new HVO plant in South Korea
The second-generation biodiesel refinery is an extension of the company’s first biodiesel plant in Pyeongtaek and the plan is to complete its construction by next July.
DS Dansuk has invested 35.7 billion won (€25 million) in the project. The ceremony was attended by about 70 employees, including CEO Han Seung-uk.
Once completed, the HVO refinery can produce about 300,000 metric tons of fuel per year while reducing manufacturing and construction costs.
“Starting with the groundbreaking ceremony, we are gaining a foothold in our ultimate goal to construct a refinery producing 500,000 tons of HVO in the next two years,” said Han.
“Adding to our achievement on biodiesel exports, we will continue to secure our presence as the nation’s leading resource recycling firm.”
Amid the ongoing changes in the biodiesel industry, DS Dansuk has also jumped on the HVO bandwagon.
While the traditional first-generation biodiesel has lower quality than regular diesel, HVO is a fully renewable drop-in diesel alternative that can also be mixed with regular diesel.