JC Chemical
JC Chemical is a South Korean biofuel manufacturer producing biodiesel, bio heavy oil, bio marine fuel, and PTU feedstock for SAF/HVO, serving shipping companies (Maersk), oil refiners (SK Innovation, Phillips 66), and power generators under Korean RFS/RPS regulatory mandates and international export contracts.
- Company typePublic
- Founded2006
- HeadquartersUlsan, South Korea
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What JC Chemical does
JC Chemical (제이씨케미칼 주식회사) is a South Korean biofuel manufacturer founded in 2006 and listed on KOSDAQ (ticker 137950) since 2011. The company operates approximately 51-100 employees across its Ulsan headquarters and manufacturing complex, Seoul business office, Indonesian palm plantation subsidiary (PT. Niagamas Gemilang in East Kalimantan, 7,246 hectares), and a newly established Singapore subsidiary (2025). Total biofuel production capacity is approximately 800,000 kiloliters annually. The company manufactures biodiesel (FAME), bio heavy oil, bio marine fuel, and pretreated used cooking oil (PTU) as feedstock for SAF (Sustainable Aviation Fuel) and HVO (Hydro-treated Vegetable Oil), with glycerin as a byproduct. Underlying technologies include a patented multi-stage reactor system, reverse reaction prevention reactor, biodiesel distillation system, and simultaneous refinement of crude biodiesel and glycerin.
JC Chemical generates revenue through direct B2B sales and contract-based B2B transactions with shipping companies (Maersk, HD Hyundai Oilbank, GS Caltex), oil refiners (SK Innovation, S-Oil, Hyundai Oilbank) for biodiesel blending under Korea's RFS (Renewable Fuel Standard) mandates, power generation companies for bio heavy oil under RPS (Renewable Portfolio Standard) obligations, and SAF producers internationally (Phillips 66, USA). The company holds all major international certifications required for global biofuel trade: ISCC EU, ISCC CORSIA, US EPA registration, QAP, and ISO 9001/14001. Revenue is materially exposed to Korean RFS/RPS regulatory mandates (biodiesel blending 4.0% in 2024, planned 8.0% by 2030; SAF mandate 1% from 2027, 7-10% by 2035) and the international SAF/HVO feedstock market. Pricing is negotiated on a contract basis and not publicly disclosed.
Vertically integrated palm plantation operations in Indonesia secure upstream CPO feedstock, while recent strategic moves center on the SAF/HVO opportunity: first Korean PTU export to Phillips 66 (December 2024), S-Project PTU facility expansion at Ulsan New Port (October 2025), Singapore subsidiary establishment (2025), and Malaysia UCO factory exploration (November 2025). Reported revenue trajectory has been negative from a ₩406 billion 2022 peak to ₩255 billion in 2025, with net income turning negative in 2025, reflecting margin compression in the core biodiesel/bio heavy oil business while new SAF feedstock investments are still ramping.
JC Chemical firmographics
Firmographics- Name
- JC Chemical
- Legal name
- 제이씨케미칼 주식회사
- Website
- https://jcchemical.co.kr
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- JC Chemical is a South Korean biofuel manufacturer producing biodiesel, bio heavy oil, bio marine fuel, and PTU feedstock for SAF/HVO, serving shipping companies (Maersk), oil refiners (SK Innovation, Phillips 66), and power generators under Korean RFS/RPS regulatory mandates and international export contracts.
- Ownership category
- akta.pro rank
JC Chemical industry classification
Industry- Product category
- Biofuel Manufacturing
- NAICS
- Basic Chemical Manufacturing (3251), Soybean and Other Oilseed Processing (311224), Petroleum and Coal Products Manufacturing (3241)
- SIC
- Chemicals & Allied Products (2800), Fats & Oils (2070), Agricultural Production-Crops (100)
- akta.pro primary industry
- Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)
- akta.pro secondary industries
- Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization) (EUAAAHAG), Palm Oil Milling, Refining & Fractionation (AFAKAEAB), Biofuel Distribution & Fuel Marketing (Wholesale/Retail) (EUAAAHAI)
Keywords
Where JC Chemical is headquartered
LocationHeadquarters
- HQ city
- Ulsan
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
JC Chemical business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Biodiesel Sales: Production and sale of biodiesel (FAME) for transportation fuel blending. Subject to RFS (Renewable Fuel Standard) blending mandates in South Korea, currently at 4.0% mandatory blending as of 2024.
- Bio Heavy Oil Sales: Production and sale of bio heavy oil for power generation. Supplies to power companies under RPS (Renewable Portfolio Standard) obligations. Uses existing bunker C fuel infrastructure.
- Bio Marine Fuel Sales: Production and sale of bio marine fuel for ocean-going vessels. Supplies to shipping companies like Maersk, HD Hyundai Oilbank, and GS Caltex. Reduces carbon emissions by 65%+ compared to fossil fuels.
- PTU (SAF/HVO Feedstock) Sales: Production and export of Pretreated Used Cooking Oil as feedstock for Sustainable Aviation Fuel (SAF) and Hydro-treated Vegetable Oil (HVO). First Korean company to export PTU to US market (Phillips 66, December 2024).
- Palm Oil (CPO/Palm Products) Sales: Palm oil plantation and CPO mill operations in Indonesia (PT. Niagamas Gemilang). Produces Crude Palm Oil (CPO) and Palm Kernel (PK) for food, consumer products, and biofuel feedstock.
- Glycerin Sales: Sale of crude and refined glycerin byproducts from biodiesel production. Used in polymer synthesis, humectants, anti-caking agents, paint additives, cosmetics, food, and surfactants.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
JC Chemical product offering
Product offeringCore offering
JC Chemical manufactures and supplies biofuels including biodiesel (FAME) for transportation fuel blending, bio heavy oil for power generation, bio marine fuel (BD100) for ocean-going vessels, and PTU (Pretreated Used Cooking Oil) as feedstock for Sustainable Aviation Fuel (SAF) and Hydro-treated Vegetable Oil (HVO). The company operates a vertically integrated value chain from palm oil plantation and CPO processing in Indonesia (PT. Niagamas Gemilang) through to finished biofuel production at its Ulsan, South Korea facilities, with total annual production capacity of 800,000 kiloliters.
Product overview
JC Chemical is a biofuel manufacturer offering a portfolio of renewable fuel products centered around its core refining and processing capabilities. The product line includes Bio Diesel (FAME-based biodiesel for road transport), Bio Heavy Oil (for power generation), Bio Marine Fuel (for ocean shipping), and SAF Refined Feedstock/PTU (for Sustainable Aviation Fuel). Glycerin is produced as a high-value byproduct of biodiesel manufacturing. JC Chemical also operates a backward-integrated raw material supply chain through its PT.NG palm oil plantation and CPO Mill in Indonesia, ensuring feedstock security. The company's R&D division supports product development and technology advancement across all product lines.
Differentiator
Problem solved
Functional benefit
Products and services
- Bio Diesel Biodiesel fuel produced through ester exchange reaction from plant-based or animal oils and alcohol (primarily methanol), serving as a direct alternative to petroleum-based diesel with nearly identical combustion properties. Used for transportation fuel blending under Korea's Renewable Fuel Standard (RFS) mandates.
- Bio Heavy Oil Environmentally friendly power generation fuel produced by refining and processing animal and plant oils and Oleo Chemical byproducts to meet fuel quality standards, serving as a substitute for Bunker C oil in existing power generation facilities. Provides 85% GHG reduction, zero SOx emissions, and is supplied to Korean power companies under RPS (Renewable Portfolio Standard) obligations.
- Bio Marine Fuel Biofuel blended with conventional ship fuel (including BD100 pure biodiesel), offering near-zero sulfur oxide emissions and reducing carbon emissions by 65% or more compared to fossil fuel-based ship fuel. Supplied to ocean-going shipping companies including Maersk, HD Hyundai Oilbank, and GS Caltex.
- PTU (Pretreated Used Cooking Oil) Pretreated feedstock for HVO (Hydro-treated Vegetable Oil) production used in Sustainable Aviation Fuel (SAF), involving removal of chlorides, metals, impurities, and water to ppm-level precision. JC Chemical developed proprietary low-cost, high-efficiency PTU production technology and achieved Korea's first overseas export of PTU in 2024, supplying Phillips 66 in the US market.
- Palm Plantation / CPO Mill Operations (PT.NG) Oil palm plantation and CPO (Crude Palm Oil) Mill operation in East Kalimantan, Indonesia operated through wholly-owned subsidiary PT. Niagamas Gemilang. Produces CPO and Palm Kernel (PK) supplying raw materials for JC Chemical's biofuel production, providing vertical integration and feedstock security. Cumulative plantation area of 7,246 hectares as of 2022.
- Glycerin (Crude and Refined) Byproduct of biodiesel production available in crude and refined forms (85%, 95%, 99.9% purity), used in applications including paint additives, styrene raw materials, cosmetics, tobacco, food products, and surfactants. Produced through JC Chemical's proprietary simultaneous refinement technology.
Quantifiable outcome
- 85% greenhouse gas reduction vs heavy oil for power generation
- +5 more outcomes
Companies that use JC Chemical
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
JC Chemical technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
JC Chemical partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, strategic and major.
- SK Innovation / GS Caltex / S-Oil / HD Hyundai Oilbank (SAF Alliance)coreNational consortium for Sustainable Aviation Fuel production. Domestic refiners (SK Innovation, GS Caltex, S-Oil, HD Hyundai Oilbank) announced plans to jointly build SAF production facilities targeting 21-trillion-won global market by 2030. JC Chemical's PTU technology positions it as key feedstock supplier for this alliance.
- Malaysia Investment, Trade and Industry Ministry (MITI)strategicMeeting with Malaysian Minister of Investment, Trade and Industry (Tengku Zafrul Aziz) to discuss establishment of UCO (Used Cooking Oil) factory in Malaysia. JC Chemical presented plans for waste cooking oil factory as part of feedstock security strategy.
- Ulsan New Port AuthoritycoreS-project expansion of PTU production facility at Ulsan New Port. Partnership with Ulsan City and Ulsan Port Authority for facility expansion, cost reduction through equipment expansion and efficiency improvement, and vertical integration of pretreatment business.
- Phillips 66 (USA)corePTU (SAF/HVO feedstock) supply contract. JC Chemical receives used cooking oil, processes it with proprietary technology, and exports PTU to Phillips 66. First Korean PTU export to US market (4,400 tons in December 2024).
- Sustainer (써스테인어스)coreMOU for cooperation in waste cooking oil collection and recycling business. Partnership leverages ICT-based 'on-reuse' system for environmentally friendly biofuel feedstock collection.
- HD Hyundai OilbankmajorBio marine fuel supply partnership. Started August 2024, supplying 2,955 tons of bio marine fuel in 2024. HD Hyundai Oilbank distributes to shipping companies.
- GS CaltexmajorBio marine fuel supply partnership. Started April 2024, supplying 6,515 tons of bio marine fuel in 2024. GS Caltex distributes to shipping companies.
- MaerskcoreWorld's first successful commercial container ship biofuel operation. JC Chemical supplied ISCC UCOME to Maersk container vessels from July 2023. Continuous supply through 2024. Also supplied bio heavy oil marine fuel to Maersk methanol dual-fuel vessels in November 2024 for engine testing purposes.
Scale indicators8 records
Recent moves11 records
Expansion highlights7 records
JC Chemical competitors and assessment
Company assessmentBroad incumbents
- Cargill: Global agribusiness with significant palm oil operations and a growing biofuels/SAF feedstock business. Comparable as a vertically integrated agricultural-to-biofuel player with international scope.
- GS Caltex: Korean refiner and bio marine fuel distribution partner of JC Chemical since 2024. Comparable as a Korean energy major pursuing biofuels and SAF, with broader petroleum refining and petrochemical operations.
- SK Innovation: Korean refiner and petrochemical major, current JC Chemical biodiesel customer and named SAF alliance partner. Comparable as a vertically integrated energy company pursuing SAF production, though far larger and broader in scope.
- S-Oil: Korean refiner and SAF consortium member. Overlaps with JC Chemical as both a customer and a potential competitor if it vertically integrates PTU/biofuel production for its planned SAF facility.
- HD Hyundai Oilbank: Korean refiner with a bio marine fuel partnership with JC Chemical since 2024 and SAF consortium membership. Comparable as both customer and competitor in the Korean biofuel/SAF value chain.
Direct peers
- Renewable Energy Group (REG, now Chevron): US-based biodiesel and renewable diesel producer acquired by Chevron in 2022. Directly comparable product portfolio (biodiesel, renewable diesel, SAF feedstock) and similar customer base of refiners and fuel marketers.
- Neste: World's largest producer of renewable diesel (HVO/HEFA) and Sustainable Aviation Fuel (SAF) from waste and residues. Directly comparable to JC Chemical as both produce renewable fuels, sell into EU and US markets, and compete for SAF feedstock supply contracts with refiners like Phillips 66.
- Diamond Green Diesel: Joint venture between Valero and Darling Ingredients, one of the largest US renewable diesel producers. Direct competitor in HVO/HEFA feedstock pretreatment and renewable diesel production, with similar customer profile of refiners and SAF producers.
- Wilmar International: Asia's largest palm oil processor and a major biodiesel producer with vertically integrated plantations. Most directly comparable peer given shared palm-to-biodiesel value chain, Indonesian plantation footprint, and Asian biodiesel market presence.
Emerging players
- Bunge Limited: Global agribusiness and oilseed processor with expanding renewable fuels footprint. Comparable to JC Chemical in oilseed/palm processing for biofuel feedstock, though Bunge is far larger and more diversified.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
JC Chemical social profiles
Digital presenceJC Chemical compliance and trust
Trust signalCompliance6 records
JC Chemical financial estimates
Financial estimateRevenue estimate
Valuation estimate
JC Chemical leadership team
Management profileNumber of profiles
Profiles2 records
JC Chemical subsidiaries and ownership
Company hierarchySubsidiaries1 record
JC Chemical funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
JC Chemical M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about JC Chemical
What does JC Chemical do?
JC Chemical manufactures and supplies biofuels including biodiesel (FAME) for transportation fuel blending, bio heavy oil for power generation, bio marine fuel (BD100) for ocean-going vessels, and PTU (Pretreated Used Cooking Oil) as feedstock for Sustainable Aviation Fuel (SAF) and Hydro-treated Vegetable Oil (HVO). The company operates a vertically integrated value chain from palm oil plantation and CPO processing in Indonesia (PT. Niagamas Gemilang) through to finished biofuel production at its Ulsan, South Korea facilities, with total annual production capacity of 800,000 kiloliters.
Is JC Chemical a public or private company?
JC Chemical is a public company. It is classified as public and is currently operating.
When was JC Chemical founded?
JC Chemical was founded in 2006. It employs 51 to 100 people.
Where is JC Chemical based?
JC Chemical is headquartered in Ulsan, South Korea, in the Asia region.
How does JC Chemical make money?
Six revenue lines are on record. Biodiesel Sales are the primary driver. The others are bio Heavy Oil Sales, bio Marine Fuel Sales, PTU (SAF/HVO Feedstock) Sales, palm Oil (CPO/Palm Products) Sales and glycerin Sales.
Who are JC Chemical's main competitors?
Broad incumbents on record are Cargill, GS Caltex, SK Innovation, S-Oil and HD Hyundai Oilbank. Direct peers are Renewable Energy Group (REG, now Chevron), Neste, Diamond Green Diesel and Wilmar International. Bunge Limited is listed as an emerging player.
Does JC Chemical have an API?
No public API is recorded for JC Chemical.
What industry is JC Chemical in?
JC Chemical's product category is Biofuel Manufacturing. Its primary akta.pro industry code is EUABAJAD, Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass), with a secondary code of EUAAAHAG, Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization). Its NAICS code is 3251 and its SIC code is 2800.