10 September 2013 09:00 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Lopal Petrochemical has started building a 200,000 tonne/year lubricant plant at Tianjin that is due to start up in December next year, a source familiar with the matter said on Tuesday.
Construction of the plant commenced on 6 September and is expected to be completed in October 2014, the source said.
Upon start-up, Lopal’s new lubricant plant is expected to intensify competition in China’s domestic lubricant market, the source said.
The plant will also produce 100,000 tonnes/year of reductants for gas exhaust processing, and 100,000 tonnes/year of antifreezes, the company said in a statement dated 6 September.
The Jiangsu-based company is investing more than yuan (CNY) 2 bn ($327m) to build the plant, including a storage facility for raw materials and distillates, with a capacity of 80,000 tonnes.
Lopal Petrochemical currently has a total lubricant capacity of 300,000 tonnes/year.
($1 = CNY6.12)
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