GS Caltex Corporation () is a South Korean Energy and Chemical company jointly owned by
Chevron and
GS Group. The company was founded in partnership with Caltex in May 19, 1967 as the first private oil company in Korea. 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
LG Corporation (or LG Group), formerly known as Lucky-Goldstar, is a South Korean multinational conglomerate founded by Koo In-hwoi in 1947 and managed by successive generations of his family. It is the fourth-largest company in South Korea ...
.
By 2009, exports accounted for 54 percent of GS Caltex's sales. The company exports petroleum, petrochemical, and lubricant products to 57 countries (as of 2022).
Production base
* Yeosu Complex
** Total Area : 6,000,000 m
2
** Products : Petroleum, petrochemicals
** Address : 918 Yeosusandan-ro, Yeosu, Jeollanam-co
* Lubricant Plant
** Total Area : 68,100 m
2
** Products : Lubricant, Grease
** Address : Jungbong-daero, Seo-gu, Incheon
Business domain
* Petroleum: GS Caltex has a daily production capacity of 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. It imports 80 types of crudeoil from around 30 countries including those in the Middle East, Southeast Asia, Europe in addition to the United States and Australia.
* 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 m
2 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 per stream day. As of 2011, its production capacity reached per stream day; GS Caltex exports more than 70% of its total base oil production. GS Caltex produces of lubricants per day and 8,000 million
tonne
The tonne ( or ; symbol: t) is a unit of mass equal to 1,000 kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton in the United States to distinguish it from the non-metric units of the s ...
per year of grease products. In 2005, GS Caltex launched its own lubricant brand, “Kixx”. Initially focused on providing engine oil tailored for passenger cars, commercial vehicles, and motorcycles, Kixx expanded its portfolio in 2017 to encompass a broader range of automotive and industrial lubricant solutions.
See also
*
GS Caltex Seoul KIXX
*
GS Caltex Cup
*
Caltex
Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as ...
References
External links
*
GS Caltex’s lubricant brand – Kixx official websiteGS Caltex’s lubricant brand – Kixx official newsroom
GS Group
Chevron Corporation
Oil companies of South Korea
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