US Puralube planning to build third base oil plant in Germany

18 May 2012 16:12  [Source: ICIS news]

LONDON (ICIS)--US-based recycler Puralube plans to build a third base oil plant at its site in the German state of Saxony-Anhalt, the state’s government said on Friday.

Saxony-Anhalt’s government said it would support the €54m ($68m) investment, which is expected to create 30 new jobs at Puralube’s site near Zeitz, south of Leipzig. If everything goes according to plan, the plant could start up in 2014.

Saxony-Anhalt’s minister president, Rainer Haseloff, discussed the project with Paralube executives during a visit to the US this week, the government said in a statement.

Media officials at Puralube’s US offices in Wayne, Pennsylvania, could not immediately be reached for additional comment

According to information on its website, Puralube’s existing two plants in Saxony-Anhalt have a combined capacity to process some 150,000 tonnes/year of used lubricating oils into 90,000 tonnes/year of group II base oils. The units started up in 2004 and 2008, respectively.

In related industry news, a Canada-based firm said on Friday it is planning to relaunch a shut-down refinery in southern Poland to produce group III base oils.

($1 = €0.79)

By: Stefan Baumgarten
+1 713 525 2653

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