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DS Dansuk |
[Alpha Biz= Reporter Kim Jisun] DS Dansuk has secured a major contract to supply sustainable aviation fuel (SAF) feedstock worth approximately 1 trillion KRW to Phillips 66, a leading U.S. oil and gas refining company.
Starting December 2024 through November 2027, DS Dansuk will provide SAF feedstock materials, expecting to generate revenue between 1.0215 trillion and 1.2618 trillion KRW over the contract’s three-year term—almost equivalent to its total revenue of 1.0704 trillion KRW last year.
SAF is an eco-friendly aviation fuel produced from waste cooking oil, waste plastics, and palm oil, reducing carbon emissions by over 80% compared to conventional jet fuel. Regions like the U.S. and Europe mandate the gradual incorporation of SAF in aviation fuel to achieve net-zero targets. The U.S., in particular, aims to replace 100% of conventional jet fuel with SAF by 2050, highlighting the increasing demand for sustainable alternatives.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
