Company Introduction...2014/10/27 · In 2012, the company increased its nationwide presence by...

COPYRIGHT © 2012 GS ENERRGY. All RIGHTS RESERVED

Company Introduction


GS Energy Profile

Subsidiaries

Business Portfolio

Refining & Petrochemicals

Gas & Power

Exploration & Production

Green Growth

GS Energy R&D Center

Financial Information

Contact Us

History

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Corporate Profile

GS Energy was incorporated on January 3, 2012 as a result of GS Holdings’ spinoff of GS Caltex, its refining,

marketing, chemicals and transportation arm, creating a new independent Korean energy company.

Subsequently, GS Energy assumed the high growth businesses previously operated by GS Caltex including,

exploration & production and renewable energy operations. Further, by acquiring GS Caltex’s electric & gas

utilities operations, GS Energy has solidified its position as an integrated energy-specialized holding company.

Value chain integration and operational agility are fundamental to GS Energy’s long term growth strategy. GS

Energy is organized into four interrelated segments: Exploration & Production, Refining & Petrochemicals, Gas

& Power and Green Growth. Our integrated business model allows us to capture synergies among our different

segments and activities.

Our upstream businesses include the development of oil & gas projects across the globe, from the Middle East

to the Americas and Southeast Asia. Further downstream, GS Energy is currently constructing a Liquefied

Natural Gas (LNG) terminal in South Chungcheong Province to optimize value chain integration and to

ultimately provide a steady flow of electric power and gas to customers through various subsidiaries and

affiliates. Furthermore, given our focus on sustainable growth, we have been actively developing our technical

know-how in the alternative energy sector. We are currently engaged in a variety of renewable businesses

ranging from the manufacture of cathode and anode materials for rechargeable batteries to reprocessing scrap

or waste plastic.

GS Energy will continue to concentrate its resources and capabilities on capturing new business opportunities in

order to achieve long term sustainable growth. Our commitment to preserving our reputation in safety, security

and reliability will guide our mission to diversify the nation’s energy supply and establish our presence on the

global stage.

03

Date of Establishment

Assets

Paid-in Capital

CEO & Vice Chairman

January 3, 2012

USD 6 billion (KRW 6,664 billion)

USD 230 million (KRW 250 billion)

Rha, Wan-Bae

Facts &

Figures


Business Portfolio / Segments

GS Energy Portfolio

Green Growth

Refining / Petrochem.

- Refining

- Petrochemicals

- Lubricants

-Material for Li-ion Batteries

-Recycled Plastics

-Lead-tab

Gas & Power / LNG

- Heat & Power

- Natural Gas Distribution

- LNG Upstream/Terminal

E & P

-Middle East

(U.A.E. Concession Area 1,2,3)

-South Asia

(Thailand, Cambodia, Indonesia)

-Americas (Nemaha)


Refining & Petrochemicals

05

From an extensive and integrated industrial base, GS Caltex’s efficient

production methods position the company in competitive markets

Founded in 1967 as the first private oil refining

company in Korea, GS Caltex has fueled the engine

of the Korean economy, evolving over the

decades into new markets and developing

know-how in trading and shipping to strengthen

our extensive network overseas.

Through the application of new technologies and

continuous investment in building an integrated

platform, we have enhanced our production

methods and remained competitive as a world-

class oil refining company, perpetually striving

towards long term sustainable growth.

GS Energy, through its subsidiary GS Caltex, is a globally-recognized manufacturer and marketer of

transportation fuels and other petrochemical products

COPYRIGHT © 2012 GS ENERRGY. All RIGHTS RESERVED 06

GS Caltex

Global Scale Capacity

Operational Excellence

GS ranks as a top-tier player in scale,

capacity and competitiveness

GS ranks as a world leader in operations

and safety performance

775,000

Barrels per day

34.6%

Highest HOU

capabilities in

Korea

75%

GSC Energy

Efficiency

(world avg is

50%)

No.3

The world’s 3rd

largest single-

site refinery

0.7

Accidents per

year

2,800,000

Aromatic

Production

Capacity

[Tonnes/Year]

Petroleum

GS Caltex’s state-of-the-art manufacturing base has a refining capacity of 775,000 barrels per day and

upgrading capacity of 268,000 barrels per day. Our Yeosu Complex, the world’s third largest oil refinery at a

single site, has the largest upgrading capacity in Korea, allowing us to enjoy significant economies of scale. GS

Caltex exports more than 50 percent of its products overseas and supplies more than 30 percent of domestic oil

consumption.

Petrochemicals

GS Caltex entered the aromatic business in 1990, and has since made timely investments in the petrochemical

business, currently manufacturing over 2.8 million tonnes of aromatics a year and 1.35 million tonnes of

paraxylene.

Our polypropylene plant was constructed in 1988 and with a production capacity of 180,000 million tonnes per

year. Further, GS Caltex has expanded its business to include polypropylene (PP) and composite resin (PP

compound), now running two composite resin plants in China and one composite resin plant in the Czech

Republic.

Base Oil & Lubricants

GS Caltex began its base oil production in 2007, and has since increased production capacity to 26,000 barrels

per day, exporting more than 70 percent of its base oil products across the world. GS Caltex also produces

9,000 barrels of lubricants and 8,000 tonnes of grease products per day. GS Caltex is recognized for its top-

class product quality and technology as demonstrated by its leading market share and sales in the domestic

market. Leveraging its competitiveness in the domestic market, GS Caltex has since expanded into international

lubricant markets in China, Russia, and established a subsidiary in Mumbai, India.

2013

Revenue 45,659.8

Operating Income 900.1

Assets 22,285.3

[Units: Billion KRW] Contact Information

Tel: +82-1544-5151

Address: Nonhyeun-ro 508, Gangnam-gu, Seoul, Korea,

135-985

Homepage: http://www.gscaltex.com


Gas & Electric Power

07

Every day we meet consumer demand for gas and electricity

Through effective risk management and strategic investments, our goal is to integrate

our LNG activities with our existing electric power & gas industrial base

Given the trend towards liberalization in natural gas

markets and the recent volatility of the LNG trade,

GS Energy has increased its involvement across the

LNG value chain in order to provide further flexibility

in our operations, minimize unit costs and maximize

the value of our ongoing LNG projects. GS Energy

recently acquired equity stakes in Shin Pyeongtaek

Power Co., Ltd., Dongducheon Dream Power Co.,

Ltd., and Cheongna Energy Co., Ltd. to further our

strategy of downstream LNG demand aggregation.

GS Energy operates gas-fired power plants through

our subsidiary GS Power, supplying district heating

to approximately 300,000 households in high

growth cities of Gyeonggi Province. We distribute

natural gas to commercial and residential end users

through our subsidiaries, Haeyang City Gas and

Seorabeol City Gas.

Continuous investments across the value chain will enable GS Energy to effectively and

efficiently provide electric and gas services in an affordable, reliable and sustainable way.


.

2013

Revenue 1,083.7


Assets 903.8

Subsequent to the Korean government’s initiative to privatize state-owned-enterprises in the Korean energy sector,

GS Power acquired cogeneration (co-gen) power plants of Korea Electric Power Corporation (KEPCO) and the district

cooling and heating facilities of the Korea District Heating Corporation (KDHC)

Electric Power Business

GS Power produces 900 MW of electric power and heat through its operation of co-gen power plants in Anyang

and Bucheon. GS Power contributes to stabilizing the electric power supply in these metropolitan areas and

supplies district heating and cooling to approximately 300,000 households. On December 19th, 2013 the

company received approval from the Ministry of Trade, Industry and Energy (MOTIE) to upgrade deteriorated

facilities and increase electric generating capacity to 935 MW.

District Heating and Cooling Business

GS Power employs state-of-the-art technology to efficiently generate heat in a centralized facility and then through its vast

network of district heating and cooling systems distribute the heat to numerous residential and commercial consumers

throughout Anyang and Bucheon.

ESCO Business

ESCO is a business division that aims to provide a total energy-saving solution. Leveraging its 37-year track

record of experience and know-how in various fields including, mechanical equipment, electrical equipment,

automatic controls, and greenhouse gas management, ESCO delivers the optimal energy-saving solution

required by the customer, best financing methods, and operational consulting to GS Power.

Absorption Heat Pumps Business

GS Power imports absorption heat pumps (AHP) from Broad Group, a manufacturer of AHPs powered by natural

gas and waste heat. GS Power distributes these AHPs to newly constructed apartments, hotels, and other

commercial facilities. In order to diversify its portfolio and simultaneously integrate its existing power assets, GS

Power is constantly on the look out to identify new sources of sustainable growth, bring comfort to our customers

and support business and commerce across the nation.

GS Power


Tel: +82-32-420-2590

Address: Burim-ro 100, Dongan-gu, Anyang, Gyeonggi

Province, Korea, 431-828

Homepage: http://www.gspower.co.kr/en


Boryeong LNG Terminal Co., Ltd. was established as a joint venture between GS Energy and SK E&S for the

purpose of distributing and supplying Korea’s growing demand for LNG.

The terminal will be located within the Yeongbo Industrial Zone in Boryeong with facilities including three

200,000-kiloliter (52.8-million-gallon) LNG storage tanks, a 45,000-ton LPG tank, and a regasification plant.

Construction is expected to be completed by January 2017.

In accordance with the Korean government’s initiative to boost energy security and prevent recurring supply

shortages, GS Energy plans to increase its involvement in the LNG market and seek new opportunities to

further diversify our business portfolio and energy mix.

Boryeong LNG Terminal Co., Ltd.

Contact Information

Tel: +82-2-6263-9990

Address: Yeongbo-ri 21-104, Ocheon-myeon, Boryeong, South Chungcheong Province, Korea, 355-

844

Homepage: http://www.gsenergy.co.kr/business/content.aspx


Haeyang City Gas Co., Ltd

Natural Gas Distribution Business

Since incorporation in 1982, Haeyang City Gas has overseen the distribution of natural gas to commercial and

residential consumers in Gwangju, Naju, Hwasun and Jangseong districts with the objective of providing energy

security, supporting business and commerce and developing strong communities in these growing metropolitan

areas. In 2012, the company increased its nationwide presence by supplying natural gas to Damyang,

Yeonggwang, Haenam districts, and is currently working towards extending its distribution network to

Hampyeong district in the near future.

Renewable Energy Business

Haeyang City Gas constantly strives to meet the energy demands of consumers in ways that improve quality of life

and protect the environment for future generations. Thus, Haeyang City Gas continuously seeks to expand its

business operations into renewable energy businesses including, fuel cells and solar technology systems.

Compressed Natural Gas(CNG) Business

CNG is quickly becoming a desirable alternative fuel for fleets, municipal transportation and private vehicles. In

support of the government’s focus on new and renewable forms and uses of energy in response to the challenge

of climate change, Haeyang City Gas commits to CNG through its operation of numerous CNG stations.

Haeyang City Gas is committed to social responsibility and sustainability, providing greater access to renewable

and clean energy technologies. With an emphasis on supporting continuous improvement of our environmental

performance and pollution prevention standards, Haeyang City Gas strives to becoming a good corporate citizen

and environmental steward.

2013

Revenue 630.5


Assets 437.9


Tel: +82-1544-1115

Address: Sonjae-ro 287-59, Gwangsan-gu, Gwangju,

Korea, 506-053

Homepage: http://www.hygas.co.kr


Natural Gas Distribution Business

Seorabeol City Gas oversees the distribution of natural gas to commercial and residential consumers in

Gyeongju and Yeongcheon of North Gyeongsang Province, constantly striving towards affordable, reliable and

clean energy solutions for its consumers.

Safety, performance and value in natural gas distribution is of the utmost importance to Seorabeol City Gas. The

company makes every effort to optimize its distribution services by applying gas-insulated switch gear and ERP

systems to continuously enhance its safety systems. Seorabeol City Gas is recognized for achieving the ISO

9001 standard for our quality management systems, and the OHSAS 18001 standard for its health and safety

management systems.

Seorabeol City Gas aims to set the standards for safety, efficiency and reliability in its distribution systems.

Through programs and technologies that protect people and promote energy efficiency, Seorabeol commits to

working with our stakeholders to maximize the social and environmental impacts of our operations.

Seorabeol City Gas Co., Ltd.

2013

Revenue 151.8


Assets 91.9


Tel: +82-1544-5916

Address: Gongdandurim-gil 159, Gyeongju, North

Gyeongsang Province, Korea, 780-951

Homepage: http://www.srbgas.co.kr



Given heightened global uncertainties and recent volatility of oil prices, GS Energy seeks

to reduce its exposure to macro risks and vulnerabilities by diversifying its portfolio and

expanding its involvement in upstream activities

In accordance with the Korean government’s initiatives to establish a broader fuel base for energy security,

GS Energy is currently participating in a total of six E&P projects located around the world. In March of 2012, GS

Energy signed a landmark exploration agreement for Concession Area 1,2,3 in the UAE, becoming the first

Korean oil and gas company to gain a concession in the UAE since 1968. Subsequently, in May of 2012, GS

Energy acquired onshore tight oil assets in Oklahoma, USA as part of our effort to further diversify our E&P

business portfolio.

By leveraging our extensive global network and strategic partnerships, the E&P division will play a key role in

securing energy resources for domestic energy security and long-term sustainable growth.

12

Securing a Stable Supply of Energy



13

13

Thailand L10/43 &

L11/43

Indonesia Sea

Tuna

Cambodia

Block A UAE 3 Blocks

USA Nemaha

Leveraging our extensive network through our downstream operations, GS Energy has continuously sought to

identify new sources of hydrocarbons to supplement our legacy assets from GS Caltex. GS Energy has

committed to best practices in our exploration, development and production of hydrocarbons by partnering with

leading international oil and gas companies. GS Energy seeks to reduce risk exposure through strategic portfolio

management and by maintaining a system of checks and balances to enhance the depth and quality of our

assets and investment opportunities.

E&P Projects

U.A.E. Concession Area 1,2,3

In 2012, GS Energy signed an exploration agreement, together with the Korea National Oil Corporation for three

blocks in the UAE, becoming the first Korean E&P company to have been granted a concession by the UAE. GS

Energy estimates that Area 1 and 3 contain approximately 135 million barrels of recoverable resources. In 2015

one exploration well and two appraisal wells will be drilled, and a 3D seismic survey will be conducted. The joint

venture between the Korean Consortium and the Abu Dhabi National Oil Company expects to produce

approximately 7~8 million barrels per year beginning in 2017 for 20 years.

U.S.A. Onshore Production Field (Nemaha)

Together with GS Global, GS Energy obtained a 30 percent working interest in the Nemaha Project in Oklahoma.

GS Group plans to further diversify and expand its business operations by exploring and acquiring other high-

potential unconventional oil assets. The Nemaha oil field is currently producing 5,000 barrels per day and

expects to produce 4 million barrels per year after 4 to 5 years of development.

Exploration Projects in South East Asia

GS Energy is currently involved in two ongoing exploration projects in Indonesia. The development feasibility

study will be an important milestone in our pathway to commercialization.

Nemaha Project

Oklahoma, U.S.A. L10/43 & L11/43

Thailand

Block A

Cambodia

NE Natuna PSC

Indonesia Tuna PSC

Indonesia

U.A.E Concession Area 1,2,3

Abu Dhabi, U.A.E.


Green Growth

14

Striving to be a leader in the global green energy market

GS Energy has continued to invest in alternative energy solutions, being

innovative and resilient in the face of new opportunities and challenges

GS Energy commits to being a good corporate

citizen and protecting the environment

by investing in sustainable energy solutions,

including our fast growing materials business

for lithium-ion batteries, plasma technology

based Waste-to-Energy business, and our

recycling business using waste and

scrap plastic.

금속

PP Film


Business Area

Cathode materials, lead-tab for lithium-ion batteries (LIB), recycled plastics

Company Overview

GS EM is a leader in the energy material business producing cathode materials, lead-tab and recycled plastics. GS

EM develops and produces different types of cathode using synthesizing and surface treatment technologies. GS

EM is diversifying is product line-up by leveraging its competitiveness in Ni-rich technology.

Current production capacity for precursors is 2,000 tonnes per year and 3,000 tonnes per year for cathodes.

However, by 2018, GS EM plans to aggressively scale-up its operations (precursor: 13,000 tonnes per year,

cathode: 8,000 tonnes per year), with plans to expand into overseas markets in 2015.

Our lead-tab business is dedicated to addressing the diverse needs of our growing customer base through

continuous investment in R&D. Though our operations in China, GS EM is strengthening our presence in overseas

markets. GS EM also aims to become a global leader in the lead-tab business by increasing its market share in the

portable electronics market and by breaking into the xEV market. GS EM commits to producing top quality products

through continuous investment in R&D and quality control.

Waste plastics are recycled into eco-friendly composite resins and sold to domestic and overseas customers as

materials for automobile parts, home appliances, etc. In 2012, GS EM began operations in Jiangsu Province, China.

In 2013, GS EM completed the construction of a new factory in Jinju equipped with state-of-the-art technology.

Through this new production capacity we plan to enhance our competitiveness in domestic and overseas markets.

GS EM (Energy Materials)

Contact Information

Cathode

Materials

Tel: +82-63-720-6679

Address: Boseokro 4-gil 69, Iksan, North Jeolla Province, Korea, 570-977

E-mail [email protected]

Lead-tab

Tel: +82-32-710-0077

Address: 20, Songdogukje-daero 286beon-gil, Yeonsu-Gu, Incheon, Korea, 406-840

E-mail: [email protected]

Recycled

Plastics

Tel: +82-70-4332-1011

Address: Yongbongro 130, Jisoomyeon, Jinju, South Gyeongsang Province, Korea, 660-891

E-mail: [email protected]


Business Area

Carbon materials for Electric Double Layer Capacitors (EDLC);

Anode materials for lithium ion batteries (soft carbon type)

Product Information (Carbon materials for EDLC)

Carbon materials charge and discharge batteries through the physical movement of electrons.

Product Information (Anode material for LIB, soft carbon type)

Compared to other types of anode materials, soft carbon is superior in both power and cycle life.

Company overview

Power Carbon Technology (PCT) is established as a joint venture with Japan’s largest oil refinery, JX-NOE

(formerly Nippon Oil). PCT produces the next generation of carbon materials for EDLC and anode materials for

lithium-ion batteries.

PCT has completed the world’s largest facility to produce carbon materials for EDLC and also holds proprietary

technologies to produce soft carbon type anode materials. PCT commits to providing high quality products to

meet the growing demands of our diverse customer base.

Power Carbon Technology (PCT)

Contact Information

Tel: +82-54-476-5100

Address: 4-Gongdan-ro 161-43, Gumi, North Gyeongsang Province, Korea, 730-400

Homepage: http://www.powercarbon.co.kr


GS Park24 is a joint venture between GS Energy and Japan’s Park24. Park 24 is the leading parking service

company in Japan. With a state-of-the-art parking service system, GS Park24 is the leading parking station in

Korea.

GS Park24’s parking management service system is unmanned and optimized via database management for

each station. We provide a friendly and safe environment for both drivers and automobiles.

Under its vision of “The Best Parking Service in Korea”, GS Park24 provides advanced and convenient parking

services.

17

GS Park24

Entrance Exit

Contact Information

Seoul

Headquarter

Tel: +82-2-3272-3500

Address: Yumridong 85-2(KT Mapo Building), Mapo-gu, Seoul, Korea, 121-872

Homepage: http://www.gspark24.co.kr

Busan Office

Tel: +82-51-781-2052

Address: Centumphil 1Kwan, Jaesong-dong 1220, Haewoondae-gu, Busan, Korea


GS Energy R&D Center

18

Research Area

Cathode/anode materials for LIB

Lead-tab for LIB

Carbon materials for EDLC

R&D Center Overview

GS Energy established an R&D Center in Seoul(Seongnae) to further develop its know-how and

technical competitiveness in the energy materials business.

The primary focus of the R&D Center is the development of key materials used for LIB – cathode and

anode materials and carbon material for EDLC. Since our launch in 2012, our focus has extended

beyond technical support for our subsidiaries GS EM and PCT, but towards the development of

proprietary technology necessary for realizing the next generation of energy materials.

Our R&D Center holds itself to the highest research standards by hiring and retaining the best talent

and collaborating with other world-class engineers. In order to further enhance our competitiveness,

we plan to establish a R&D Center in Hwado, focusing on the development of energy materials for

LIB and renewable energy solutions.

Seongnae R&D Center

Contact Information

Tel: +82-2-6900-4073

Address: Seongnae-ro 6-gil 50, Gangdong-gu, Seoul, Korea, 134-848


Financial Information

19

* Units: Billion KRW Consolidated Financial Statements

2012 2013

Classification 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Assets 6,370 6,370 6,370 6,370 6,766 6,500 6,677 6,636

Current Assets 558 558 558 558 1,034 606 708 780

Cash & Cash Equiv. 332 332 332 332 691 411 306 287

Trade & Other Receivables 189 189 189 189 304 151 363 457

Other Current Assets 37 37 37 37 39 44 39 36

Non-Current Assets 5,812 5,812 5,812 5,812 5,732 5,894 5,969 5,856

Investment Securities 4,954 4,954 4,954 4,954 4,791 4,784 5,035 4,932

PP&E 506 506 506 506 544 676 534 547

Intangible Assets 272 272 272 272 303 332 313 289

Other Non-Current Assets 80 80 80 80 94 102 87 88

Liabilities & Equity 6,370 6,370 6,370 6,370 6,766 6,500 6,677 6,636

Liabilities 1,685 1,685 1,685 1,685 2,131 1,896 1,920 1,994

Current Liabilities 518 518 518 518 553 288 301 365

Trade & Other Payables 200 200 200 200 214 101 99 203

ST Borrowings 310 310 310 310 316 170 178 152

Other Current Liabilities 9 9 9 9 24 16 23 10

Non-Current Liabilites 1,167 1,167 1,167 1,167 1,578 1,609 1,619 1,629

Non-Current Account Payables 0.7 0.7 0.7 0.7 2.6 2.5 2.7 2.8

LT Borrowings / Bonds 1,030 1,030 1,030 1,030 1,436 1,463 1,465 1,472

Other Non-Current Liabilities 137 137 137 137 138 143 152 154

Equity 4,685 4,685 4,685 4,685 4,636 4,604 4,757 4,642

Owners of Parent Equity 4,685 4,685 4,685 4,685 4,637 4,606 4,760 4,647

Common Stock 250 250 250 250 250 250 250 250

Capital Surplus 4,274 4,274 4,274 4,274 4,274 4,274 4,274 4,275

Accumulutive Other

Comprehensive Income -87 -87 -87 -87 -82 -77 -82 -90

Retained Earnings 247 247 247 247 194 158 318 212

Non-Controlling Interest Equity -0.4 -0.4 -0.4 -0.4 -1.0 -1.8 -3.7 -4.6

2012 2013

Classification 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total

Revenue 132.2 -39.9 261.4 295.3 649.0 403.8 153.4 294.2 207.2 1,058.6

Cost of Sales - - 98.1 212.0 310.1 269.2 152.4 117.6 233.4 772.6

Gross Profit 132.2 -39.9 163.4 83.3 339.0 134.6 1.0 176.5 -26.1 286.0

Selling & Admin. Exp. 3.0 1.6 22.8 31.5 58.8 27.8 29.6 32.2 37.1 126.7

Operating Income 129.2 -41.5 140.6 51.8 280.1 106.8 -28.6 144.3 -63.2 159.3

Interest Income 1.8 9.3 3.3 3.4 17.8 4.7 6.0 0.5 9.1 20.3

Interest Expense 1.7 8.6 12.7 12.6 35.5 15.6 18.6 26.0 21.7 82.0

Other Income - - 0.6 1.2 1.8 1.4 2.1 57.6 4.5 65.7

Other Expense - - - 0.1 0.1 0.5 0.1 20.0 38.6 59.2

Earnings Before Tax 129.4 -40.9 131.9 43.7 264.1 96.8 -39.2 156.5 -109.9 104.2

Income Tax 2.1 4.1 1.4 -0.9 6.8 3.0 -1.7 -1.6 0.2 0.0

Net Income 127.2 -45.0 130.5 44.6 257.3 93.8 -37.5 158.0 -110.2 104.2

Owners of the Parent 127.2 -45.0 131.7 46.2 260.1 94.4 -36.7 159.9 -109.7 108.0

Non-Controlling Interest - - -1.2 -1.6 -2.7 -0.6 -0.8 -1.9 -0.5 -3.8


Contact Us

20

Address

E-Mail

Tel

Fax

Nonhyeonro 508 (Yeoksam-dong GS Tower) Gangnam-gu, Seoul, Korea, 135-985

[email protected]

+82-2-2005-0800

+82-2-2051-6262

Refining & Petrochemicals [email protected]

Gas & Power [email protected]

Exploration & Production [email protected]

Battery Materials [email protected]

Recycled Plastic [email protected]

Business Division


History

21

History 2012. 01. 03

2012. 03.

2012. 05.

2012. 06. 29

2013. 02.

2013. 05.

2014. 06.

2014. 07.

2014. 08.

2014. 08.

GS Energy Establishment

UAE E&P Project Participation

USA Nemaha E&P Project Participation

Acquisition of E&P, G&P, Green Growth assets from GS Caltex

Boryeong LNG Terminal Establishment (Joint Venture in August)

Initiation of Boryeong LNG Terminal construction

35% acquisition of Shin Pyeongtaek Power Co., Ltd.

30% acquisition of Cheongna Energy Co., Ltd.

GS EM Statutory Merger with Samil Polymer

10% acquisition of Dongducheon Dream Power Co., Ltd.

Company Introduction...2014/10/27 · In 2012, the company increased its nationwide presence by...

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