By Shinhye Kang
Dec. 8 (Bloomberg) -- GS Caltex Corp., South Korea’s second- largest refiner, started commercial output at a plant that produces higher-priced and cleaner-burning diesel.
The refiner began operations at the 70,000 barrel-a-day diesel hydro-desulfurization plant on Dec. 6, it said in a statement today. Units that remove sulfur, such as hydro- desulfurizers, help refiners to produce fuels that reduce city smog and meet tighter urban air-quality standards.
GS Caltex and rivals including SK Energy Co., South Korea’s biggest oil refiner, want to increase their capacity for turning fuels into premium, cleaner products to meet local demand and satisfy emissions standards in export markets such as the U.S. and Europe.
The Seoul-based company invested 335 billion won ($229 million) in the new unit. GS Caltex also plans to spend 2.94 trillion won to build a hydrocracker, which turns fuel oil into gasoline and middle distillates, with a capacity of 113,000 barrels a day.
To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net.
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