Suvarna Garge (Editor)

GS Caltex

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Type
  
Joint venture

Area served
  
Worldwide

Website
  
www.gscaltex.com

Founded
  
1967

Industry
  
Oil refiner

Products
  
Petroleum products

Revenue
  
50.26 billion USD (2014)

Headquarters
  
Seoul

GS Caltex httpsmedialicdncommprmprshrink200200AAE

Parent organizations
  
GS Group, Chevron Corporation, GS Energy Corporation

Subsidiaries
  
Statistics Korea, GS (Qingdao) Petroleum Co., Ltd

Gs caltex


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.

Contents

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.

    • References

    GS Caltex Wikipedia
    (Text) CC BY-SA