[Edaily Reporter Shin Ha-yeon ] JC Chemical Corporation, LTD.(137950)announced on the 11th that it has signed a Memorandum of Understanding (MOU) with Korea Energy Terminal (KET) for investment cooperation aimed at expanding eco-friendly bioenergy storage and logistics infrastructure and developing new business ventures.

This agreement was established to develop new businesses by utilizing undeveloped land for which KET holds usage rights and to jointly pursue investment and commercialization plans.

The two companies plan to review business plans, facility configurations, and investment strategies by leveraging each other’s business capabilities and infrastructure. If a final agreement on commercialization is reached in the future, a separate business implementation agreement will be signed.

Through this collaboration, JC Chemical Corporation, LTD. plans to secure the storage tanks needed for its existing biofuel business and gradually build additional storage infrastructure to accommodate business expansion.

In particular, considering the Sustainable Aviation Fuel (SAF) business currently underway, the companies are exploring ways to expand the scope of cooperation to include storage tanks for SAF feedstocks and products, as well as transportation and shipping infrastructure. The goal is to secure the necessary storage and logistics infrastructure ahead of the commercialization of the SAF business and to enhance operational efficiency for both feedstocks and products.

A representative from JC Chemical Corporation, LTD. stated, “Through close consultation with KET, we will finalize the business feasibility, facility configuration, and investment methods, and continue to enhance our competitiveness in the mid- to long-term eco-friendly bioenergy business,” adding, “We will work with KET to proactively build infrastructure that takes into account both current storage and logistics demands and future business expansion.”

Meanwhile, JC Chemical Corporation, LTD. is a company that produces and supplies eco-friendly biofuels, such as biodiesel and bio-heating oil. The company is expanding its business scope based on its biofuel operations and has recently been pursuing related projects by positioning SAF as a next-generation growth engine.