GS Caltex

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 as part of the GS Group split from LG Corporation.[3]

For the volleyball team, see GS Caltex Seoul KIXX.
GS Caltex
GS칼텍스
TypePrivate. Joint venture
IndustryOil refiner
Founded1967 (1967)
HeadquartersSeoul, South Korea
Area served
Worldwide
ProductsPetroleum products
RevenueIncreaseUS$50.26 billion (2014)
OwnerGS Energy (50.0%)
Chevron Corporation (50.0%)
Websitewww.gscaltex.com

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
  1. "Lee pays respect to late LG tycoon=". Yonhap. Seoul. October 23, 2012.
  2. Shim, Woo-hyun (May 18, 2017). "GS Caltex celebrates its 50th anniversary". The Korea Herald.
  3. Kim, Ji-soo (January 7, 2005). "Ex-LG units to get new names". Korea JoongAng Daily.
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