GS Caltex Named "Most Respected Company" in New Energy for Second Consecutive Year
No. 1 for Two Consecutive Years for Its Achievements in Energy Transition and Carbon Reduction
Recognized for Expanding Low-Carbon New Businesses
At the Top of the New Energy Category Every Year Since Its Launch
GS Caltex announced on the 10th that it had been selected as No. 1 in the New Energy category in the "Korea’s Most Respected Companies" survey organized by the Korea Management Association Consulting. This marks the second consecutive year that it has ranked first in the New Energy category, which was newly established last year.
The "Korea’s Most Respected Companies" survey evaluates companies comprehensively in terms of innovation capability, shareholder value, employee value, customer value, social value, and image value, and selects the top company in each industry. It began in 2004 and is being held for the 23rd time this year. The New Energy category was introduced for the first time last year in line with the trends of energy transition and carbon reduction.
GS Caltex was recognized for proactively responding to energy transition and carbon reduction by continuously expanding its low-carbon new businesses. Vice Chairman Huh Sehong said, "The transition to a low-carbon industry is an unavoidable task," adding, "We will leap forward to become a respected 100-year company through sustainable and profitable growth."
GS Caltex is promoting low-carbon new businesses such as hydrogen, carbon capture and storage (CCS), waste plastic recycling, carbon-free steam and renewable energy, and biofuels, based on its existing refining and petrochemical businesses. Representative initiatives include building a clean hydrogen value chain, creating the Yeosu CCUS cluster, and producing circular products through waste plastic recycling.
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In addition, the company is working to reduce carbon emissions in its processes by introducing carbon-free steam and signing solar power PPA (power purchase agreement) contracts, and it is expanding its biofuel business, including sustainable aviation fuel (SAF), to supply domestic and overseas airlines and the global market.
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