24 September 2012 09:17 [Source: ICIS news]
The company originally planned to bring on stream the plant in late September, the source said, without giving further details for the reason for the delay.
The actual start-up date is not finalised, the source added.
Product grades from the plant will depend on market demand, he added.
The monthly consumption of Group II base oils is estimated at 5,000-7,000 tonnes in
Therefore, outputs from the new plant will be delivered to major consuming regions such as east and south
Most traders said that the new production will intensify competition as the market of Group II base oils is already saturated.
Other major Group II base oil producers in
Shandong Fangyu Lubricants is largely engaged in the production and processing of distillates, base oils and lubricants.
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