国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Motoring

Jebsen launches $40m lube oil facility

By Lyu Chang (China Daily) Updated: 2015-11-06 09:56

Jebsen Group, China's largest Porsche sports car dealer, has put a new $40 million lubricating oil plant into operation in Guangdong province, to tap into the country's growing demand for the products.

The Zhuhai factory was built jointly by Jebsen Group and refining company Clean Oil Investment Ltd, which holds a controlling stake in the venture.

The whole facility includes a 16,000-ton base oil refining plant, and a 35,000-ton lubricating oil blending plant.

Base oils are lubricant-grade oils produced either through crude oil refining (mineral base oil) or manufactured by chemical synthesis.

Hans Michael Jebsen, the Jebsen Group chairman, said despite being affected by falling oil prices, the Chinese market for refined base oils and grease is still growing, as China works to make better use of waste oil products.

"The price for normal base oil is declining and will keep falling in the short term, but what we produce here is what's called 'Group II/II+ base oil' - a high-end product that requires advanced refinery technologies, and the declining crude market doesn't have a direct impact on that," he said.

Jebsen said his company has the edge over rivals in terms of its distribution network for automotive and industrial products, which helps support new business and meet the growing demand for recycled lubricants.

Currently, China recycles and reuses just 6-8 percent of its annual lubricant consumption of around 8 million tons, providing huge business opportunities in the sector.

Antony Louis Marden, the owner of Clean Oil Investment, said that small portion is likely to increase as a growing number of private-car drivers continue to use more such oils, and subsequently generate more lubricants for recycling.

"There are no worries about enough raw materials being available to sustain our growth, because we have a solid used-oil supply," he said, adding about 70 tons of used oil was generated in Guangdong province alone last year.

China's lubricant production areas are mainly concentrated in eastern, northeastern and southern areas of China with Liaoning, Shandong, and Guangdong provinces and Shanghai ranking top by output.

Despite the economic slowdown, China is still the world's largest lubricant market, accounting for 44 percent of the Asian market.

The sector is still dominated, however, by large international companies including Royal Dutch Shell Plc and Exxon Mobil Corp.

Hot Topics

Editor's Picks
...
和林格尔县| 益阳市| 微山县| 辽宁省| 五峰| 盐亭县| 平度市| 饶阳县| 莫力| 定陶县| 正蓝旗| 浏阳市| 福海县| 卢湾区| 米易县| 丰宁| 舒城县| 垫江县| 阿克陶县| 岳阳市| 明星| 丹江口市| 温泉县| 太仓市| 宜都市| 怀柔区| 建平县| 临泉县| 平原县| 大足县| 镇康县| 鄯善县| 高尔夫| 左云县| 乳山市| 竹山县| 浏阳市| 卢氏县| 柘城县| 贵溪市| 苍山县|