South Korean refiners step up biofuel business projects
January 31, 2024 Comments Off
South Korean oil refiners will shift their business priority to biofuels in 2024 and environmentally-friendly products will be considered the new growth engines as oil product cracking margins may not hold up in the long term, refinery sources said Jan. 30-31. “The country’s four major oil refiners plan to invest a combined Won 6 trillion ($4.5 billion) over the next…
South Korean refiners step up biofuel business projects
South Korean oil refiners will shift their business priority to biofuels in 2024 and environmentally-friendly products will be considered the new growth engines as oil product cracking margins may not hold up in the long term, refinery sources said Jan. 30-31. “The country’s four major oil refiners plan to invest a combined Won 6 trillion ($4.5 billion) over the next…
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