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Your present location: Home >> News Channel >> Industry News >> Petronas considers investing 400 million US dollars in new lubricants plant

Petronas considers investing $ 400 million in new lubricants plant

Release time: 2019/12/13 11:05:40 Click times: 1305
This article tags: Lubricant factory

The head of the Petrobras refining business said that the company is considering building a new lubricants factory, which is expected to be completed and put into operation in 2022, when the company's lubricant production capacity will triple.

Anelise Lara, head of Pakistan ’s oil refining and natural gas business, told Reuters that the company would invest about $ 400 million in a new lubricant plant at the Comperj refinery to increase lubricant production capacity to 22,500 cubic meters.

She added that the new Comperj Lubricants plant will use raw materials from the Reduc refinery. The two refineries in the state of Rio de Janeiro, Brazil, will be connected by a pipeline.

When the Comperj plant is completed, Pakistani Oil plans to shut down the lubricating oil production unit at the Reduc refinery.

Lara said the new plant will produce more sustainable and high-quality lubricants and will also reduce imports.

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