Hyundai Oilbank operates the Daesan I refinery, which is located in Chungcheongnam-do, South Korea. It is an integrated refinery owned by Korea Shipbuilding & Offshore Engineering, Saudi Arabian Oil, and others. The refinery, which started operations in 1964, has an NCI of 10.63.

Key processes of the refinery

Crude Distillation Unit (mbd): 520
Condensate Splitter (mbd): 170
Vacuum Distillation (mbd): 99
Coking (mbd): 50
Catalytic Cracker (mbd): 86
Hydrocracker (mbd): 78
Reformer (mbd): 27
Hydrotreater (mbd): 293
Alkylation (mbd): 25
Isomerization (mbd): 23

The capacity of the refinery is expected to increase to 890mbd by 2030.

During the period 2021-2025, the Daesan I refinery is expected to witness an estimated capex of $218.88m.

Maintenance activities at Daesan I refinery

The Daesan I refinery witnessed six incidents during the period 2015-2020.

Upcoming expansion projects at Daesan I refinery


About Hyundai Oilbank

Hyundai Oilbank Co Ltd (Hyundai Oilbank), formerly Hyundai Oil Refinery Co Ltd, a subsidiary of Hyundai Heavy Industries Co Ltd, is an oil and gas company that produces and markets petroleum and petrochemical products. The company offers low sulphur diesel, kerosene, bunker, LPG, premium gasoline, gasoline, BTX and jet fuel. Its LPG products include propane and butane. Hyundai Oilbank’s BTX products comprise benzene and para-xylene. The company provides refining and cracking of crude oil services. It has operations in the UAE, Vietnam, Singapore, China and the UK. Hyundai Oilbank is headquartered in Seoul, South Korea


Information on the refinery is sourced from GlobalData’s refinery database that provides detailed information on all active and upcoming, crude oil refineries and heavy oil upgraders globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.