[Edaily Reporter Kwon Oh Seok ] JC Chemical Corporation, LTD.(137950)announced in a regulatory filing on the 6th that its first-half revenue and operating profit improved significantly, driven by increased sales and profits from its domestic biofuel business as well as record-high performance from its palm plantation business in Indonesia. (Photo courtesy of JC Chemical Corporation, LTD.) Consolidated revenue for the first half of the year reached 264 billion won, a 55% (93.5 billion won) increase compared to the same period last year. Consolidated operating profit stood at 13 billion won, up 108% (6.8 billion won) year-over-year, and net income totaled 10.2 billion won, marking a successful turnaround from a loss in the same period last year to a profit. Operating profit in the biofuel business segment rose 117% year-over-year to 3.7 billion won, while subsidiaries such as the palm plantation business also saw operating profit increase by 102% to 9.3 billion won, demonstrating a marked improvement in profitability across both major business segments. In the biofuel business, improved performance was driven by biodiesel (BD) exports, an expansion in the volume of pre-treatment units (PTU) for biojet fuel feedstock, and enhanced cost competitiveness through the use of low-cost feedstock. BD sales volume reached approximately 63,000 metric tons, an 18% increase compared to the same period last year; while domestic sales declined slightly, export volumes increased nearly fivefold year-over-year. BD sales margins also improved, contributing to enhanced profitability. Sales of pre-treated used cooking oil (PTU), used as a feedstock for biojet fuel, more than doubled year-over-year to 35,000 metric tons, while sales of bio-marine fuel (BMF) also gained momentum, with volumes increasing nearly fourfold. The palm plantation business recorded revenue of approximately 49.7 billion won in the first half of this year, a rise of about 45% compared to the same period last year. JC Chemical Corporation, LTD. recently announced a mid- to long-term vision to expand its business structure—currently centered on biodiesel—to include next-generation biofuels such as Sustainable Aviation Fuel (SAF) and Hydrogenated Vegetable Oil (HVO). In particular, the company is strengthening its competitiveness in the next-generation biofuel market by establishing an integrated value chain—spanning from raw material procurement to pretreatment and production—based on its proprietary pretreatment (PTU) technology and palm oil plantations in Indonesia. Building on this foundation, the company aims to grow into a business with 1 trillion won in revenue and 100 billion won in operating profit within the next five years.
LG Corp. Chairman Koo Kwang-mo is set to meet with NVIDIA CEO Jensen Huang in Silicon Valley, U.S., next week. This comes about two months after their meeting in Seoul last June. As the two sides have…
Global original equipment manufacturer (OEM) Youngone Corporation is seeking mutual growth with the domestic textile industry by introducing domestically produced textile equipment. Youngone Corporati…
Bizplay, a business expense management solutions provider, is partnering with AI data company BECU AI(148780)to accelerate the AI transformation (AX) of business travel and expense management operatio…