Korea Eximbank backs LG Chem SAF plant with 250 billion won

Korea Eximbank has extended about 250 billion won in financing to LG Chem for the country's first dedicated sustainable aviation fuel (SAF) plant. The Daesan facility will produce 340,000 tonnes of HVO a year from used cooking oil and palm oil byproducts, cutting emissions by 60–80%.

• Korea Eximbank loan to LG Chem totals about 250 billion won
• Daesan plant to produce 340,000 tonnes of HVO per year
• Feedstock: used cooking oil and palm oil byproducts
• Emissions cut by 60–80% versus fossil fuels