SEOUL, South Korea—November 20, 2023— Amazon Web Services (AWS), an Amazon.com company, today announced that South Korean oil refiner HD Hyundai Oilbank has selected AWS to digitally transform, improve operations, and respond quickly to customer needs. HD Hyundai Oilbank plans to go all-in on AWS by 2024 and has started migrating the vast majority of workloads of its on-premises IT infrastructure, including more than 200 servers hosting core customer service and enterprise resource planning workloads. HD Hyundai Oilbank aims to transform its existing refining and petrochemical business into a platform for eco-friendly energy by running its mission-critical workloads on AWS.
A study by 451 Research, part of S&P Global Market Intelligence, found across several geographic regions that moving on-premises workloads to AWS can lower carbon footprint workloads by nearly 80% and up to 96% once AWS is powered with 100% renewable energy, by 2025. HD Hyundai Oilbank also aims to achieve 20% IT cost reduction in the near future by transitioning from an on-premises environment to AWS. The energy company will optimize processes like inventory management and drive better accuracy in energy-demand forecasting. With IT resources freed up from managing its data centers, the company can focus on driving innovation and new customer experiences, reinvesting valuable resources into new business opportunities and talent strategies.
Demand for zero-emission vehicles in South Korea is surging as the country’s population embraces more sustainable transportation. HD Hyundai Oilbank also plans to launch its electric vehicle charging business using Amazon Elastic Kubernetes Service (Amazon EKS) by the end of this year. This capability gives HD Hyundai Oilbank the flexibility to start, run, and rapidly scale Kubernetes container applications in the cloud to manage and automate a variety of electric vehicle charging services, including charging capacity deployment. With AWS, HD Hyundai Oilbank can easily handle future charging station infrastructure growth and become more efficient and profitable with enhanced operational visibility in the cloud. Hyundai Oilbank plans to continue innovating with AWS, using technologies like machine learning (ML) and generative artificial intelligence (generative AI) with Amazon Bedrock to optimize refinery processes, predict maintenance needs, manage risks, and monitor operations in real time.
Hyundai Oilbank selected MEGAZONECLOUD, a South Korean AWS Premier Consulting Partner, to accelerate its cloud migration. MEGAZONECLOUD supported Hyundai Oilbank’s infrastructure environment through a proof-of-concept project that scaled the company's virtual models of physical objects in the cloud and forecasted the lifespan of catalysts used to improve the yield and quality of oil.
“The scalability and reliability of AWS is critical to achieve our cloud-first goals, increase efficiency, and improve customer responsiveness,” said Kyungsun Chun, leader of the Digital Strategy Department at HD Hyundai Oilbank. “AWS provides the foundation for us to meet the rising customer demand for clean energy infrastructure. Migrating our existing on-premises IT infrastructure to AWS will help us reduce infrastructure costs and optimize our processes and equipment performance for peak efficiency. In the future, we plan to unlock a new frontier with AWS’s generative AI capabilities to increase employee productivity and drive more accurate demand forecasts.”
“Reducing carbon emissions while addressing the demand for clean energy is top of mind for companies around the world,” said Kee Ho Ham, managing director of AWS Korea. “HD Hyundai Oilbank is using AWS’s advanced cloud technologies to meet the demand for zero-emission vehicles, generate forecasts that enable proactive maintenance within their refineries, and deliver on their commercial goals.”
AWS announced in October that it plans to invest KRW 7.85 trillion ($5.88 billion) in cloud infrastructure in South Korea by 2027 to meet the growing customer demand for cloud services. This investment is estimated to contribute KRW 15.06 trillion ($11.28 billion) to South Korea’s total gross domestic product (GDP) by 2027 and support an estimated average of 12,325 full-time equivalent (FTE) jobs in South Korean businesses each year.
About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 102 Availability Zones within 32 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in Canada, Malaysia, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.