Power plant profile: TW Biomass Energy Power Plant, South Korea

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. Post completion of the construction, the project is expected to get commissioned in November 2026. Buy the profile here.

The project is being developed and currently owned by GS EPS and LG Chem. The owners have 50% stake in the project respectively. 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
Post completion of the construction, the project is expected to get commissioned in 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.

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.