Shell to build lube oil plant, storage project in Tianjin, China

30 August 2011 10:03  [Source: ICIS news]

(Recasts headline for clarity)

SHANGHAI (ICIS)--Energy giant Shell will start building a 300,000 tonne/year lube oil plant, along with a storage project, at Tianjin in northern China for a total investment of $150m (€104/tonne), according to China’s Tianjin Nangang Industry Zone.

The storage project for refined oil will have a capacity of 300,000 cubic metres, based on information posted on the government entity’s website on Tuesday.

An official from Tianjin Nangang Industry Zone told ICIS that the project is expected to be completed in 2013, with Shell investing $100m for the lube oil plant and $50m for the storage project.

($1 = 0.69)

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By: Dolly Wu
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