Hyundai Oilbank has always worked for the stable supply of petroleum goods and the development of Korean Industry since its establishment in 1964.

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.

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.