In 2015, Hyundai Oilbank has established Lubricant Research Center in Yong-in City, Gyeonggi Province for agile reaction to the lubricant market. It is currently proceeding cooperative project with Central Technical Research center and Hyundai Heavy Industries central technology center and is a control tower of developing high quality 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.