HD Hyundai Oilbank

HD Hyundai Oilbank signed a share acquisition agreement with Japan's Cosmo Oil to acquire all shares of HD Hyundai Cosmo, a joint venture producing aromatic petrochemicals. The acquisition will be followed by an absorption merger, removing restrictions on production and enabling high-margin products. An MOU for future cooperation in SAF, circular naphtha, and CCUS was also signed.