Groundbreaking ceremony for the hydrogenated biodiesel (HVO) raw material refining plant at DS Dansuk Pyeongtaek Plant 1. /Courtesy of DS Dansuk

Shares of DS Dansuk, a company listed on the Korea Securities Market, are showing early gains following news that it has completed its first supply of sustainable aviation fuel (SAF) raw materials produced through its hydrogenated vegetable oil pretreatment process (HVO PTU) at the Pyeongtaek Plant No. 1.

As of 9:28 a.m. that day, DS Dansuk is trading at 36,350 won, up 4,950 won (15.76%) from the previous trading day.

DS Dansuk completed its first supply of SAF through full-scale production following the completion ceremony of the HVO PTU held at Pyeongtaek Plant No. 1 last November. SAF is an eco-friendly fuel produced from biomass derived from animals and plants, and carbon captured from the atmosphere, capable of reducing carbon emissions by up to 80% compared to conventional aviation fuel.

This batch is part of a SAF raw material supply contract with Phillips 66, a major oil and natural gas company in the U.S. Previously, in October of last year, DS Dansuk signed a SAF raw material supply contract worth 1 trillion won for three years, until November 2027.