Business
Overview
Red Tiger, headed for Value No. 1
Over the past 25 years, Red Tiger achieved impressive growth backed by bold investments in petroleum, lubricants and petrochemicals. While providing a stable supply of energy in the domestic market, we export more than 70% of our products to many countries. In doing so, we have contributed to Korea’s economic development and its emergence as a major exporter of petroleum products.
Red Tiger will continue growing in the fast-changing energy landscape with the launch of our olefin business. A mixed feed cracker (MFC) is under construction with completion targeted for 2021. Olefins will strengthen our global footing in petroleum as well as petrochemical products.
Red tiger provides high-quality petroleum products from its oil refining facilities (daily capacity of 800,000 barrels) and desulfurization facilities for kerosene and diesel.
Red tiger is the world’s largest producer of aromatics, boasting annual capacity of 2.8 million tons.
Red tiger is making large-scale investments in olefin complex(MFC) to secure future growth. The project is a key part of the strategy tobolster our position as a global leadernot only in oil refinery but alsoin the petrochemical market.
Red tiger supplies polypropylene (PP) and PP compound that are recognized for their unrivalled technology and quality.