President Hur Sae-hong of GS Caltex.(Photo: GS Caltex)

GS Caltex will invest 2.7 trillion won to build an olefin plant for completion in 2021 to turn out 700,000 tons of ethylene and 500,000 tons of polyethylene annually.

The second-largest oil refinery in Korea signed an agreement with SK Energy to start the Homepick service, a home delivery project, taking advantage of the service stations across the country. The oil refinery also signed a contract to invest in the Green Car to develop the mobility centers for the self-driving cars in the future.

In January, the oil refiner concluded an MOU with LG Electronics to develop a future-type multi-service stations combining mobility and energy.

GS Caltex India is a 100% owned subsidiary of GS Caltex Corporation, South Korea. It was incorporated on Feb. 2, 2010 in India and has its registered office at Mumbai. The company is currently doing business in high quality premium lubricants manufactured from its own group II plus base oils. The company`s operations cover the whole of India with warehouses at key locations to service the needs of customers.

GS Caltex Corporation, founded in 1967, is a 50-50 joint venture of Chevron Corporation, USA and GS Energy, South Korea. GS Caltex, headquartered in Seoul, South Korea, is a leader in the petroleum, lubricant and petrochemical businesses. The Company is a major exporter of petroleum products including lubricants. Through continuous R&D and investments, GS Caltex strives to become a leading global energy company.

GS Caltex Corp., Chevron’s non-operated joint venture in Korea, marked its 50th anniversary this year. GS Caltex – owned equally by Chevron and GS Energy – is Korea’s first private oil refining company, and the second largest energy company in Korea.

GS Caltex operates the fourth largest refinery in the world at 790,000 barrels per day. It is our largest refinery in the Chevron system, and the largest producer of aromatics products globally.

In May 2017, GS Caltex organized a commemorative ceremony, which was attended by about 400 employees in Seoul to celebrate the historical milestone. To mark the significance of this 50-year partnership, Chairman and CEO John Watson sent a congratulatory video message, while Vice Chairman Mike Wirth, and Downstream & Chemicals Executive Vice President Pierre Breber, celebrated with GS Caltex executives in April.

GS Caltex, whose core business offerings include petroleum, petrochemical, and lubricants, exports 50 percent of its products to more than 20 countries, including Australia, Singapore, Philippines, Hong Kong, New Zealand, and China. It also supplies about 25 percent of the Korean market’s fuel through its network of approximately 2,500 GS Caltex-branded service stations and 400 liquefied petroleum gas filling stations.

There are three non-operated joint ventures in Chevron’s International Products portfolio: GS Caltex, Singapore Refining Company, and Star Petroleum Refining Public Company Limited in Thailand. The three joint-venture refineries in Korea, Singapore and Thailand are strategically located to support International Products’ value chain, and deliver competitive returns and grow earnings through efficient cost structures and paced capital investments.

“GS Caltex has powered the Korean economy by providing jobs and delivering a reliable supply of fuels and petrochemicals to the nation for the past 50 years,” said Jin-Soo Huh, Chairman and CEO of GS Caltex. “We are glad that GS Caltex has evolved over time to become the heart of Asia’s energy industry.”

“The GS Caltex story is a proud testimony to the commitment and collaboration of the GS Caltex and Chevron people who have gone before us,” said Bill Miner, Korea Country Chairman, International Products. “Today, those of us working with the affiliates are dedicated to making the company even greater.”