Securing Stable Basis for
Growth through Vertical Systematization
Hyundai Oilbank has completed vertical systematization of the Petrochemistry Aromatic Business with the launch of MX (Mixed Xylene) Plant of Hyundai Chemical in 2016. Hyundai Chemical produces MX using imported Condensate and Naphtha produced at oil refining units of Hyundai Oilbank. Hyundai Cosmo produces BTX products using MX as a material.
We also built vertical systematization that manufactures both lube base oil and lubricating oil in 2015. Hyundai Shell Base Oil produces lube base oil using oil residuum as a material, which is used in the finished products of lubricating oil, ‘XTeer’.
We have established Hyundai OCI as a joint project with OCI to enter the steel chemistry business for the very first time in Korea’s oil refining company. Our goal is to launch operation by 2018. Vertical Systematization has brought a stable supply of raw materials and secured product sales channels, which will be the foundation that Hyundai Oilbank can stably grow.
Process for vertical segmentation of Hyundai Oilbanks(Cabor Black Factory), modern shell oil(lubrication plant), Hyundai Chemical(MX plant) and Hyundai Cosmodo Plant(2nd BTX Plant), based on Hyundai Oilbank refinery