BP plans largest new lubricants plant to meet fast-growing demand in China
BP announced plans to build a new lubricants blending plant in China to help meet the country’s rapidly growing demand for high quality lubricants.
The new plant will be BP’s third lubricants blending plant in China and, with expected investment of around RMB1.5 billion (US$230 million), will also represent BP’s single largest blending plant investment worldwide.
“Premium lubricants are a growth business for BP and ensuring that we can meet demand in a country growing as quickly as China is essential to our success,” said BP Downstream chief executive officer Tufan Erginbilgic. “This third lubricants blending plant demonstrates our commitment to strengthening our competitiveness and building a sustainable lubricants supply chain in China.”
The new plant will serve as a strategic production hub for BP and Castrol’s lubricants business in China and complement the two lubricants blending plants already operating in China.
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