Urgent.News

What's breaking now, across thousands of outlets.

Business

HD Hyundai E&F opens LNG cogeneration plant in Seosan

A new power plant is beginning to reshape how energy reaches Korea’s sprawling Daesan petrochemical complex, with HD Hyundai E&F starting commercial operations at an LNG cogeneration facility built to supply both electricity and heat. HD Hyundai E&F, a group-energy subsidiary of HD Hyundai Oilbank, held a completion ceremony Monday at its plant in Seosan, South Chungcheong Province, the company…

HD Hyundai E&F opens LNG cogeneration plant in Seosan

HD Hyundai E&F, a subsidiary of HD Hyundai Oilbank, has launched commercial operations at a new LNG cogeneration plant in Seosan, South Chungcheong Province. The project, which cost approximately 435 billion won ($303 million), began construction in March 2024 following the establishment of HD Hyundai E&F in 2021. The facility underwent testing before commencing operations in late July.

Capable of generating 290 megawatts of electricity and 321 tons of heat per hour, the plant utilizes a high-efficiency combined-cycle system that is fueled by liquefied natural gas. The electricity and heat produced at the facility will be distributed to various companies operating in Daesan’s sprawling petrochemical complex, including H&L Advanced.

The company highlighted that this arrangement will provide a stable and competitively priced energy supply to the complex. HD Hyundai Oilbank's president, Song Myung-jun, expressed support for the development.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in Business

ACCA marks 25 years in Vietnam

Marking 25 years in Vietnam ACCA is looking beyond a quarter century of building the professional community to help shape the finance and accounting workforce needed for the country s next phase of…

Can Iran replace sea trade with land routes?

Iran is shifting trade toward northern ports and land routes as its southern shipping faces a US blockade. Analysts say the corridors can keep essential goods moving, but cannot replace maritime…

Can Iran replace sea trade with land routes?

Iran is shifting trade toward northern ports and land routes as its southern shipping faces a US blockade. Analysts say the corridors can keep essential goods moving, but cannot replace maritime…

More from Monday 14 September →