koreaherald.com

Hanwha Aerospace Launches Hanwha Horizon USA Unit for Global LNG Expansion

Hanwha Aerospace logoHanwha Aerospace
Sig3.35Sen+2.10Env-3.55Soc+0.85Gov+0.60
Hanwha Corporation logoHanwha Corporation
Sig2.68Sen+3.40Env-1.85Soc+0.35Gov+2.05

Hanwha Aerospace is launching Hanwha Horizon USA as a control tower for its LNG business, overseeing procurement, trading and logistics optimization. James Sagar will lead as CEO. The unit plans to supply LNG to Hanwha Energy’s Yeosu LNG-fired power plant starting in 2029 and expand supplies to Korean and overseas power producers. It also signed an MoU with Korea Southern Power to strengthen LNG cooperation and diversify supply sources.

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