GS Caltex to invest $29 mn to expand biodiesel plant

South Korea’s oil refining giant GS Caltex Corp. is set to strengthen its biodiesel business in line with the expansion of the global biofuel market. GS Bio Co., a subsidiary of GS Caltex, plans to invest 39 billion won ($29.3 million) to expand the production capacity of its biodiesel plant in Yeosu, South Jeolla Province.