About HYUNDAI XTEER
Hyundai Oilbank has always worked for the stable supply of petroleum goods and the development of Korean Industry since its establishment in 1964.
Daesan factory in Chungnam has total of 390 thousand barrels of petroleum refinement capabilities per day including the 110 thousand barrel from 1st factory and 280 thousand from 2nd factory. In 1988, it was the first to introduce the intermediate oil decomposition facility in Korea and in 2011, it established the best efficiency in domestic oil Refiner Company by building the second enhancement equipment. As it advance to the Second BTX business, lubricant business, and mixed xylene manufacturing business, Hyundai Oilbank has become the comprehensive energy enterprise.
Hyundai Oilbank has established Hyundai Shell Base Oil factory which produce 650 thousand ton of lubricants per year by cooperating with Shell in 2012. In 2013, Hyundai Oilbank has completed the vertical systematization of lubricant business of oil refining-lube base oil-lubricant by releasing the HYUNDAI XTeer, a vehicle lubricant.
In 2015, Hyundai Oilbank has established Lubricant Research Center in Yong-in City, Gyeonggi Province for agile reaction to the lubricant market. It is currently proceeding cooperative project with Central Technical Research center and Hyundai Heavy Industries central technology center and is a control tower of developing high quality lubricant.
Hyundai Oilbank is releasing adequate lubricant product that fit vehicle, shipbuilding, and construction machinery through its high quality lube base oil and technology. It plans to change the existing market with close cooperation with Hyundai Heavy Industries and Hyundai Motor Company.
Other than the lubricant products, Hyundai Oilbank is also releasing the diverse after-market products for vehicles. It developed “HYUNDAI XTeer Alpha” which is a fuel additive based on raw materials from BASF of Germany as well as Urea water “Pronox” that greatly decrease the nitrogenous compound of diesel vehicles. Such products were successfully introduced to the market and has expanded its sales network to huge markets.