Page 154 - CW E-Magazine (30-1-2024)

News from Abroad

PARTNERSHIP
LG Chem and Italy’s Enilive ink JV deal for bio-

refi nery in South Korea

South Korean chemicals fi rm, LG a key element to expand Enilive bio-
Chem, and Enilive, a company of Italian refi ning presence internationally, to raise
oil & gas major, Eni, focused on its capacity from current 1.65-mtpa to
decarbonising mobility, have moved a over 5-mtpa by 2030 and to increase the
closer to the fi nal investment decision optionality of SAF production to up to
on setting up a new biorefi nery in South 2-mtpa from 2030.”
Korea by signing a joint venture agree-
ment. Enilive is engaged in bio-refi ning
activities, biomethane production,
Last September, the two fi rms had smart mobility solutions including car
announced that they were exploring sharing activities, and marketing &
the possibility to develop and operate a distribution of all energy carriers for
new biorefi nery at existing LG Chem’s mobility.
integrated petrochemical complex in LG Chem’s CEO Mr. Shin Hak-cheol (Left)
with Eni’s CEO Mr. Claudio Descalzi
Daesan, South Korea. The plan is to LG Chem’s CEO, Mr. Shin
complete the biorefi nery by 2026 and LG Chem and Eni will combine Hak-cheol noted, “LG Chem will ac-
to make it process approximately 400- expertise in this initiative. The fi nal in- tively support the successful execution
ktpa tons of renewable bio-feedstocks vestment decision is expected in 2024. of this project and, moving forward,
using Eni’s Ecofi ning technology and will solidify its position as a leading
produce multiple products including Commenting on the development, company in the eco-friendly plastic
Sustainable Aviation Fuel (SAF), Eni’s CEO, Mr. Claudio Descalzi stated, industry, achieving sustainable deve-
Hydrotreated Vegetable Oil (HVO), “The biorefi nery project we are lopment and carbon neutrality as a true
and bio-naphtha. working on together with LG Chem is global entity.”

ENSURING CIRCULARITY
BASF-Heraeus JV begins operations at precious

metals recycling facility in China

BASF subsidiary, BASF Environ-
mental Catalyst and Metal Solutions
(ECMS), and Heraeus Precious Met-
als – a member of German Heraeus
Group – have started operations of
their new joint venture facility, BASF
Heraeus Metal Resource (BHMR) loca-
ted in Pinghu, China, which recovers
precious group metals (PGMs) from
spent automotive catalysts.

The facility is a 50:50 joint venture 16 months. On an area of 32,000-sq.m. The largely Southern Africa-mined
between the two fi rms and involved a and with over 100 employees, BHMR PGM suite of metals embraces plati-
“mid-double digit million Euro” invest- has a recycling capacity of approxi- num, palladium, rhodium, iridium, ru-
ment. Construction was completed in mately 10-ktpa of auto-catalysts. thenium, and osmium, with metals used

154 Chemical Weekly January 30, 2024

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