STX is procuring quality coal, cokes and biomass from all around the globe and supplying them to
In addition, STX Corp. has been consolidating its position in the petroleum and petrochemical market-centerd with local corporations in Singapore — the Asian oil hub — and Southeast Asia.
We are establishing a new business model beyond the existing petroleum and petrochemical businesses, which allows STX to retain the best competitive edge in the petroleum product market in Asia.
Coal and Cokes
Since the STX Corp. began supplying coal to the power generating subsidiaries of KEPCO in 2004, the company is supplying
more than 2–3 million tons of coals annually to generating subsidiaries, combined thermal power plants,
and cement companies based on long-term and spot contracts.
Coals are sourced from Australia, Indonesia, Russia, Colombia and North America, and the trading volume has achieved 5 million tons after purchasing the stake of a mine in Indonesia and operating it since 2010.
Through different supply networks, we established cross trades with China, India, Vietnam, etc., with a volume of more than 1 million tons annually, and STX is leveraging the infrastructure to maintain its global network as a major trader in the World Coal market with the consolidated basis. Meanwhile, from 2020 we are expanding our horizons by supplying cokes for Korean companies.
Biomass and Wood
STX Corp. is securing a stable supply line of wood pellets, ecofriendly generating material from Southeast Asia and Russia to Korean generating companies under KEPCO, private generators and the industrial market.
In order to maintain the supply line, STX established STX FOREST MALAYSIA to concentrate on producing and supplying high-quality wood pellets. Furthermore, we will be leading the global eco-friendly energy industry by diversifying the biomass raw material business and by the cross trade.
STX Corp. is trading on diverse petroleum products such as bitumen and base oil, and looking into expanding business areas by strategizing on the demands of materials in Southeast Asia.
In the Petrochemical industry, STX is exporting fundamental aromatic oil products, olefin, as well as gasoline and diesel components.
Moreover, we are pursuing cross trades for a variety of chemical products including diesel exhaust fluid by diversifying supply sources utilizing STX’s international networks.