SEOUL – LG Chem, a chemical subsidiary of LG Group, is working with South Korean private energy producer GS EPS to build and operate a biomass power plant that uses wood waste from households and industrial sites to generate industrial steam and electricity. as raw material. Commercial operations will begin in the first half of 2026.
Biomass is plant-based material used as fuel to generate heat or electricity. For example, wood, wood residues, agricultural residues, waste from farms, households and industrial sites. Wood pellets are the most common type of pellet fuel and are generally made from compacted sawdust. Other sources of industrial waste include empty fruit bunches, palm shells, coconut shells, and discarded tree tops and branches.
LG Chem and GS EPS will build a biomass plant using sawdust in Yeosu, 320 km (198 miles) south of Seoul, and LG Chem will inject 320 billion won ($245 million) to generate electricity and steam at the plant. The facility will help reduce carbon emissions by about 400,000 tons.
“Carbon reduction through this biomass (plant) will be a major initiative, along with recycling and biomaterials, which are key elements to achieve carbon neutrality in 2030,” LG Chem’s head of petrochemicals, Noh Kug Lae, said in a statement on Dec. 20. declared. .
In April 2022, LG Chem and the state-run Korea Institute of Science and Technology (KIST) opened a laboratory for the use of carbon dioxide in the electrochemical production of ethylene and the biological production of organic acids using biomass and additives. product gas.
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