DS Dansuk wins $750 mn SAF material order from Phillips 66

Quick Summary:

South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 million) deal to supply Phillips 66, the US-based oil and gas refining giant.

The company said in a statement that the deal underscores DS Dansuk’s role as South Korea’s top SAF material provider and integrates it into Phillips 66’s SAF supply chain.

The contract, which aligns with South Korea’s goal to boost SAF exports, is expected to generate revenue of 1.02 trillion to 1.26 trillion won, the company said, nearing its total 2023 sales.

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Article Details

Category: Economy

Markets: South Korea

Topics: South Production Refining Dansuk Materials Phillips Supply Fuel Trillion Deal Korea

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 11:04:22 (3 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 231 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23315265

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