Energy Division
HD HYUNDAI E&F
District Energy Company
with Unmatched Competitiveness
HD Hyundai E&F (E&F: Energy & Future) is a subsidiary established with 100% investment from HD Hyundai Oilbank to supply steam and electricity to HD Hyundai Chemical. The company was founded in 2021 and obtained a license for the district energy business. In March 2022, it signed a contract with Korea Gas Corporation for the supply of individually priced natural gas. After completing the basic design in 2023, HD Hyundai E&F began full-scale construction in 2024 and is scheduled to commence commercial operations in March 2026, embarking on its role as a district energy provider and regional electricity business operator.
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CEO
Kim Myoung-hyun
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Established
June 24, 2021
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Revenue
Scheduled to be commercialized in March 2026.
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Address
182 Pyeongshin 2-ro, Daesan-eup, Seosan-si, Chungcheongnam-do, Republic of Korea
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Contact Number
+82-41-660-5762 -
Sites
BUSINESS OVERVIEW
District Energy Business
HD Hyundai E&F sources individually priced LNG from Korea Gas Corporation, operates a gas turbine generator (277MW) and produces steam through a Heat Recovert Steam Generator (HRSG: 346.2 Ton/h). The generated electricity will be sold to HD Hyundai Chemical Co., an affiliate, and the surplus electricity will be sold to KEPCO. In addition, the steam produced by HRSG will be sold to nearby companies, and some will operate an additional steam turbine generator (23MW) to generate electricity.