GS Caltex adds capacity, becomes No.3 refinery
Wed Dec 12, 2007 8:46am EST
SEOUL, Dec 14 (Reuters) - South Korea's GS Caltex said on Friday its crude refining capacity has risen 4.6 percent to 680,000 barrels per day (bpd), climbing up a notch to become the world's third-largest refining capacity.
The expansion came with GS Caltex's increase of the capacity of its No.4 crude distillation unit (CDU) to 300,000 bpd from 270,000 bpd.
Up until now, GS Caltex has been fourth on the list, behind top-ranked Venezuela's 640,000 bpd Amuay refiner, which combines with the Cardon refinery to make up the 940,000 bpd Paraguana refining complex.
South Korea's SK Energy is in second place.
India's Reliance Industries Ltd, drops to fourth with 660,000 bpd, but is undergoing a $6 billion investment to expand its capacity to 1.24 million bpd by next year.
GS Caltex has also upgraded capacity for its naphtha splitting unit to 90,000 bpd from 72,500 bpd, it said.
GS Caltex is a 50:50 joint venture between GS Holdings and Chevron
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