Getting on base

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Getting on base

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President and CEO Kwon Oh-gap of Hyundai Oilbank, third from the left, Executive Vice President Mark Gainsborough of Shell Eastern Petroleum, fourth from the left, and Executive Vice President Moon Jong-bak of Hyundai Oilbank, far right, pose with shovels in Daesan, South Chungcheong at the groundbreaking ceremony for a new plant yesterday. Hyundai and Shell Base Oil, a joint venture between local oil refinery Hyundai Oilbank and global energy company Shell, will produce base oil, a core material for lubricant products at the new plant. The plant, which will be completed in late 2014, will be able to produce 20,000 barrels of base oil a day, Hyundai Oilbank said. Provided by Hyundai Oilbank

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