GS Caltex
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 | This article needs additional citations for verification. (March 2018) |
| Type | Private. Joint venture |
|---|---|
| Industry | Oil refiner |
| Founded | 1967 |
| Headquarters | Seoul, South Korea |
Area served | Worldwide |
| Products | Petroleum products |
| Revenue |  US$50.26 billion (2014) |
| Owner | GS Energy (50.0%) Chevron Corporation (50.0%) |
| Website | www |
GS Caltex Corporation (Korean: 지에스칼텍스 주식회사) is a South Korean oil refiner jointly owned by Chevron and GS Group. The company was founded in May 1967 as the first private oil company in Korea.[1][2] The company changed its name from LG-Caltex Oil Corporation to GS Caltex Corporation in 2005.[3]
Production Base
- Refining Facilities : GS Caltex has crude oil refining facilities with a capacity of 775,000 barrels per day (123,200 m3/d).
- Kero-Diesel Hydrodesulfurization Facilities : GS Caltex desulfurizes 272,000 barrels (43,200 m3) of kerosene and diesel each day.
Business Domain
- Petroleum : GS Caltex has a daily production capacity of 775,000 barrels (123,200 m3) per stream day and more than 50% of total output is exported.
- Petrochemicals : GS Caltex constructed a polypropylene plant in 1988. That was followed by expansion into the aromatics business in 1990. Currently, GS Caltex manufactures basic petrochemicals.
- Base Oil & Lubricants : In November 2007, GS Caltex began base oil production with a capacity of 16,000 barrels (2,500 m3) per stream day. As of 2011, its production capacity reached 26,000 barrels (4,100 m3) per stream day; GS Caltex exports more than 70% of its total base oil production. GS Caltex produces 9,000 barrels (1,400 m3) of lubricants per day and 8,000 million tonne per year of grease products.
See also
References
- ^ "Lee pays respect to late LG tycoon=". Yonhap. Seoul. October 23, 2012.
- ^ Shim, Woo-hyun (May 18, 2017). "GS Caltex celebrates its 50th anniversary". The Korea Herald.
- ^ Kim, Ji-soo (January 7, 2005). "Ex-LG units to get new names". Korea JoongAng Daily.
External links
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