HD Hyundai E&F Completes LNG Combined Heat and Power Plant in Daesan Complex with 435 Billion Won Investment

Full-Scale Energy Supply Begins at Daesan Petrochemical Complex
Production Capacity of 290MW Electricity and 321 Tons of Heat Per Hour

HD Hyundai Oilbank's specialized district energy subsidiary, HD Hyundai E&F, has completed the construction of a liquefied natural gas (LNG) combined heat and power (CHP) plant in the Daesan Petrochemical Complex in Seosan, Chungnam Province, and will begin full-scale energy supply operations.

Panoramic view of HD Hyundai E&G LNG combined heat and power plant. HD Hyundai Oilbank

HD Hyundai E&F announced on September 14 that it held a completion ceremony for the LNG combined heat and power plant in Daesan-eup, Seosan, Chungnam Province.

Approximately 435 billion won was invested in building the plant. Established in 2021, HD Hyundai E&F began construction of the plant in March 2024, setting up power generation and heat supply facilities over a period of about two years. After verifying facility performance and stability through phased commissioning, the company started commercial operation at the end of July 2026.

The plant is capable of producing 290MW of electricity and 321 tons of heat per hour. Utilizing a highly efficient gas turbine combined cycle system that uses LNG as a fuel, it is structured to simultaneously generate both electricity and heat energy.

The electricity and heat energy produced will be supplied to companies within the Daesan Petrochemical Complex, including H&L Advanced. HD Hyundai E&F expects to contribute to the energy cost competitiveness and production stability of tenant companies through stable energy supply.

Myungjun Song, President of HD Hyundai Oilbank, stated, "The completion of this LNG combined heat and power plant is highly significant in that it further strengthens the energy infrastructure of the Daesan Petrochemical Complex. I hope that HD Hyundai E&F will enhance the competitiveness of tenant companies and contribute to the development of the regional industry based on stable energy supply."

Myunghyun Kim, CEO of HD Hyundai E&F, said, "We will do our utmost to operate the high-efficiency combined cycle power facilities in a stable manner and ensure uninterrupted supply of electricity and heat. We will also continue to raise facility efficiency to help our customers improve their energy efficiency and reduce carbon emissions."

This content was produced with the assistance of AI translation services.