China’s Sinopec postpones Singapore lubricant unit start-up
19 April 2012 07:34 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s biggest refiner Sinopec said on Thursday it is planning to start up its 100,000 tonne/year lubricant plant in Singapore in late 2012 instead of in October 2012 as it originally planned.
The company did not give a reason for the delay.
Sinopec started building the yuan (CNY) 580m ($92.1m) unit, which is its first lubricant plant outside China, in July 2011, it said in a statement.
The plant will primarily serve the Asia Pacific markets, particularly the ones in southeast Asia, Australia and New Zealand, according to the company.
($1=CNY6.30)By: Fanny Zhang+65 6780 4359
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