DS Dansuk announced on the 9th that it has signed an investment agreement (MOU) worth 1.09 trillion won with the Jeonbuk Special Self-Governing Province and the Jeonbuk Provincial Government for the establishment of a carbon-neutral (Net Zero) complex.
A carbon-neutral complex refers to a facility that aims for carbon neutrality and is equipped with various eco-friendly production facilities, energy recovery equipment, and recycling infrastructure.
The signing ceremony was attended by Han Seung-wook, chairman of DS Dansuk; Kim Jong-wan, CEO of DS Dansuk; Kim Kwan-young, governor of Jeonbuk Special Self-Governing Province; Gang Im-jun, mayor of Gunsan; and Moon Moon-cheol, head of the Jeonbuk branch of the Korea Industrial Complex Corporation.
According to the agreement, DS Dansuk plans to gradually establish production facilities for biodiesel, bio-jet fuel, and bio naphtha based on hydrotreated vegetable oil (HVO) on a 70,000-pyeong site in the Gunsan National Industrial Complex by 2031.
Han Seung-wook, chairman of DS Dansuk, noted, "I am pleased to be able to cooperate with Jeonbuk Province in the decision for the future of DS Dansuk," and added, "We will maintain a close relationship so that various collaborations between the two organizations can be discussed in the future."