14 September 2012 07:24 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese firm Shandong Fangyu Lubricants plans to start up a 600,000 Group II base oils plant at ?xml:namespace>
The plant will produce N60, N150 and N500 base oils, the source said.
However, product quality and the yield ratio of different viscosity grades will be decided after the start-up, the source added.
Base oils outputs will be mainly supplied to the domestic market, with only a small;l quantity for captive use, according to the source.
Supply of Group II base oils is expected to rise significantly in
China National Offshore Oil Corp (CNOOC) and Hainan Handi Sunshine are the two sole producers of Group II base oils in China, which have a capacity of 400,000 tonnes/year and 300,000 tonnes/year respectively, according to data compiled by C1 Energy, an ICIS service.
Shandong Fangyu Lubricants is largely engaged in the production and processing of distillates, base oils and lubricants.
The company is also capable of producing Group I base oil, but its capacity was not immediately known.
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