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Hyundai Oilbank To Add New Crude Oil Processing Units By Late 2021

September 10, 2019

South Korean oil refiner is planning to build new crude oil distillation units by late 2021. (Photo © Adobe Stock / VanderWolf Images)
South Korean oil refiner is planning to build new crude oil distillation units by late 2021. (Photo © Adobe Stock / VanderWolf Images)

Hyundai Oilbank, South Korea’s smallest-capacity oil refiner, plans to build a new crude distillation unit (CDU) and a vacuum distillation unit (VDU) by late 2021. The company is planning to build a 200,000-bpd CDU and a 100,000-bpd VDU between the third and fourth quarter of 2021. In May of this year, Hyundai Oilbank had announced a plan to invest 360 billion won ($302 million) to build the new units.

Hyundai Oilbank has a total refining capacity of 690,000 bpd, including its 170,000-bpd condensate splitter in the city of Daesan. (Source: Reuters)

Categories: Oil Production Asia


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