TW Biomass Energy Power Plant is a 25MW biopower project. It is planned in South Jeolla, South Korea. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in November 2026. Buy the profile here.
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Description
The project is being developed and currently owned by GS EPS and LG Chem. The owners have 50% stake in the project respectively.
The electricitiy generated from the plant will offset 400,000t of carbon dioxide emissions (CO2) a year.
TW Biomass Energy Power Plant is a combined heat and power (CHP) project. Wood waste which is a kind of wood by-product will be used as a feedstock to power the project.
Development status
The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by November 2026.
Contractors involved
Daelim Engineering is expected to render engineering procurement construction services for the biopower project.
Sumitomo SHI FW Energia is likely to be the supplier of the steam boiler for the project.
For more details on TW Biomass Energy Power Plant, buy the profile here.
About GS EPS
GS EPS Co Ltd (GS EPS), a subsidiary of GS Holdings Corp, is a power company that generates electricity with natural gas and renewable energy. The company constructs and operates thermal power plants, biomass power plants, and fuel cell power plants. It offers services such as long-term power supply agreements, project planning, project financing, and equipment design and supply services. GS EPS operates an LNG-fired combined cycle power plant in Dangjin, Chungnam Province; and a Biomass Power Plant in Shandong, China. The company serves across South Korea. GS EPS is headquartered in Seoul, South Korea.
About LG Chem
LG Chem Ltd (LG Chem) is a chemical manufacturer. The company manufactures and markets products related to petrochemicals, advanced materials, and life science. Its product portfolio includes acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, acrylate, alcohol, bisphenol, butadiene rubber, die attach film, display stripper double-sided tape, OLED materials, battery materials, among others. It also offers life science products related to arthritis, diabetes, growth hormone, circulatory system, fertility, anemia, hyperkalemia, and crop protection agents, among others. LG Chem’s products find applications in automobiles, home appliances, packaging, agriculture, textiles, and industrial products, among others. The company has operations in China, India, Germany, the US, Vietnam, Brazil, Taiwan, Hong Kong and Poland, among others. LG Chem is headquartered in Seoul, South Korea.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
