15 April 2010 05:07 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s S-Oil is currently in the process of restarting its base oils refinery in Onsan, said a company source on Thursday.
The plant was shut for maintenance and debottlenecking in late February, the source said.
S-Oil had earlier indicated that the total capacity of the refinery would be increased to 25,000 bbl/day from 23,000 bbl/day after debottlenecking. Of the total, nearly 15,000 bbl/day would be for group III base oils and the rest for group II+ base oils.
Majority of group II+ and group III base oils produced by Korean base oils producers like S-Oil and SK Lubricants heads to the US and some volumes are sold in Japan and Korea where demand for these grades is strongest.
S-Oil also operates another 10,000 bbl/day group II base oils refinery at the same location.
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