GS Caltex

GS Caltex
GS칼텍스
Joint venture
Industry Oil refiner
Founded 1967
Headquarters Seoul, South Korea
Area served
 Worldwide
Products Petroleum products
Revenue IncreaseUS$50.26 billion (2014)
Parent GS Group
Chevron Corporation
Website www.gscaltex.com
Korean name
Hangul GS칼텍스
Revised Romanization GS Kaltaekseu
McCune–Reischauer GS Kaltaeksǔ
(former)
Hangul 호남정유
Hanja 湖南精油
Revised Romanization Honam Jeongyu
McCune–Reischauer Honam Chongyu
GS Caltex gas station in Seoul
GS Caltex gas station in Changwon

GS Caltex is a South Korean oil refiner. The company changed its name from LG-Caltex Oil Corporation to GS Caltex Corporation on January 27, 2006. It is jointly owned by Chevron and GS Group.

GS Caltex was founded in May 1967 as the first private oil company in Korea. GS Caltex provides more than one-third of Korea’s oil needs and exports over 50% of its products.

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 BPSD 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 BPSD. As of 2011, its production capacity reached 26,000 BPSD;GS Caltex exports more than 70% of its total base oil production. GS Caltex produces 9,000 BPSD of lubricants per day and 8,000 MTA of grease products a year.

See also

References

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