HD Hyundai Oilbank ventures into bioenergy sector as new growth driver

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HD Hyundai Oilbank ventures into bioenergy sector as new growth driver - Korea Economic Daily

Quick Summary:

According to industry sources on Friday, HD Hyundai Oilbank, an energy subsidiary of HD Hyundai Co., and its four affiliates, including HD Hyundai Chemical Co.and HD Hyundai OCI Co., seek business opportunities in the bioenergy and circular economy sectors.

HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is expanding its business scope beyond fossil fuel-focused operations into bioenergy and circular economy ventures.

In October, HD Hyundai OCI, in its circular economy initiative, supplied circular carbon black, produced from recycled scrap tires, to Hankook Tire & Technology Co.