South Korea's Largest Refinery Tied to $184 Million in Projects

---

Researched by Industrial Info Resources (Sugar Land, Texas)--South Korean oil refiners recently posted their first year-over-year quarterly increase in exports in about 18 months amid a rebound in global demand, according to The Korea Herald, which cited data from the Korea Petroleum Association.

Industrial Info is tracking more than US$1 billion worth of petroleum refining projects in South Korea. This includes 27 active projects, worth US$184.5 million, at the world's fourth-largest petroleum refinery, GS Caltex Corporation's 790,000-barrel-per-day Yeosu operation. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can click here for a list of detailed Yeosu Refinery reports.

Click on the image at right for a graph showing GS Caltex's Yeosu Refinery project spending, by project type.

GS Caltex (Seoul, South Korea) is a joint venture between South Korean conglomerate GS Group (Seoul) and Chevron Corporation (NYSE:CVX) (San Ramon, California).

Spending on the Yeosu Refinery includes US$42.13 million worth of maintenance projects, including a planned 30-day turnaround in first-quarter 2022 at its 125,000-BBL/d Crude Distillation Unit 1.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.