GS Caltex
GS칼텍스
TypePrivate. Joint venture
IndustryOil refining, chemical manufacturing
Founded1967 (1967)
HeadquartersSeoul, South Korea
Area served
Worldwide
ProductsPetroleum products
Aromatics
Olefin
Polymer
Lubricants
Base Oil
RevenueKRW 58,532 billion(2022)
OwnerGS Energy (50.0%)
Chevron Corporation (50.0%)
Websitewww.gscaltex.com

GS Caltex Corporation (Korean: 지에스칼텍스 주식회사) is a South Korean Energy and Chemical company 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] GS Caltex exports petroleum, petrochemical, and lubricant products to 57 countries (as of 2022).

Production base

  • Yeosu Complex
    • Total Area : 6,000,000 m2
    • Products : Petroleum, petrochemicals
    • Address : 918 Yeosusandan-ro, Yeosu, Jeollanam-co
  • Lubricant Plant
    • Total Area : 68,100 m2
    • Products : Lubricant, Grease
    • Address : Jungbong-daero, Seo-gu, Incheon

Business domain

  • Petroleum: GS Caltex has a daily production capacity of 800,000 barrels (130,000 m3) per stream day. The company operate Korea's largest heavy oil upgrading (HOU) facility (274,000 barrels per day), which produces light oil and premium gasoline.
  • Petrochemicals: GS Caltex constructed a polypropylene plant in 1988. That was followed by expansion into the aromatics business in 1990. Currently, GS Caltex has an annual production capacity of 2.8 million tons of aromatics and 180,000 tons of polypropylene. Constructing an Olefins plant (MFC - mixed feed cracker) on the 430,000 m2 site near the Yeosu No.2 Complex. The plant has an annual production capacity of 750,000 tons of ethylene and 500,000 tons of polyethylene.
  • 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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