GS Caltex Corp (GS Caltex) is involved in the petroleum refining, lubricants, and petrochemicals industries. The company produces petroleum products and raw materials essential for human living, including naphtha, gas oil, and natural gas from refinery complexes.

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GS Caltex undertakes research and development initiatives to enhance business competitiveness and reduce greenhouse gas emissions. The company focuses on improving energy efficiency and process reliability in refining and petrochemical processes, developing Carbon Capture and Utilization (CCU) technology to convert CO2 into chemical products, and creating specialty asphalt and composite polymer materials to promote a circular economy. The company's major research areas include developing bio-asphalt using biomass additives, warm-mix asphalt to reduce CO2 and VOC emissions, and low-noise, permeable porous asphalt. Additionally, GS Caltex also explores biofuel production technology and clean hydrogen production, transportation, and storage. In the field of chemicals, the company is developing next-generation composite materials for e-mobility and urban air mobility, as well as biomass-based composite materials. Recycling initiatives include developing sorting and refining technologies for plastic recycling and creating sustainable MR composite materials using waste plastics. In FY2024, the company incurred a research and development expenditure of KRW74,688 million which was 0.1% of the company's total revenue.