24 February 2011 13:34 [Source: ICIS news]
(Clarifies in third paragraph that Lehmus was speaking at the conference, not on the sidelines. Adds new fourth paragraph about lack of financial details.)
LONDON (ICIS)--Neste Oil’s Group III joint-venture base oils plant with Bahrain Petroleum Co (Bapco) is expected to come on stream in the autumn of 2011, a Neste Oil official said on Thursday.
Construction of the 400,000 tonne/year plant in ?xml:namespace>
Lehmus was speaking at the 15th ICIS World Base Oils & Lubricants Conference in
Neste Oil already produces Group III base oils at its 250,000 tonne/year plant in
Lehmus said that with demand for Group III base oils growing at 10% per year, there was a need to increase capacity to ensure global availability.
Group III base oils are used to manufacture top-tier engine oils and lubricants.
This year's ICIS World Base Oils & Lubricants Conference runs from 24-25 February.
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