*This content was translated by AI.
Hanwha Aerospace has established 'Hanwha Horizon USA' in the United States and is now fully launching its global liquefied natural gas (LNG) business.
Hanwha Horizon USA will serve as the control tower for Hanwha Aerospace's LNG operations, handling procurement, trading, logistics optimization, and more. James Sagar, CEO of Hanwha Shipping, who has over 30 years of experience in the marine and energy sectors, will concurrently serve as the representative of Hanwha Horizon USA.
Hanwha Aerospace aims to build an LNG value chain encompassing transportation, supply, and power generation centered on Hanwha Horizon USA, thereby strengthening its global business competitiveness. Hanwha Horizon USA plans to supply fuel to Hanwha Energy's Yeosu LNG power plant, which is scheduled to begin commercial operations in 2029, and expand LNG supply to domestic and foreign power companies and energy firms. In the medium to long term, it will also fully launch its LNG trading business in global markets including Asia.
In a phone interview with this newspaper, a Hanwha Aerospace official stated, "The establishment of Hanwha Horizon USA will be a crucial turning point that connects our global LNG procurement capabilities with our shipbuilding and marine business competitiveness."
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*This content was translated by AI.
