28 June 2012 03:31 [Source: ICIS news]
The joint venture unit will be located adjacent to Repsol's refinery, which will supply feedstock vacuum gasoil from its hydrocracker, according to Steve Kim, manager of base oil business development at SK Lubricants.
Kim was speaking at the 6th ICIS Base Oil & Lubricants conference held in
"The output from this plant will mainly be supplied to the European market, where the demand for Group III base oils is expected to grow," Kim said.
The construction of the plant will start in July this year and upon its start-up, the plant will be the largest Group III base oil plant in Europe, according to Kim.
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