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 said. The project cost about 435 billion won ($303 million), with construction beginning in March 2024 after HD Hyundai E&F was established in 2021. The company completed testing of the facility before beginning commercial operations in late July, it said. The plant can generate 290 megawatts of electricity and 321 tons of heat per hour, using a high-efficiency combined-cycle system fueled by liquefied natural gas. Electricity and heat produced at the facility will be supplied to companies operating in Daesan’s petrochemical complex, including H&L Advanced, providing what the company described as stable and competitively priced energy. Song Myung-jun, president of HD Hyundai Oilbank, said comple