BP to build third lubricants blending plant in China
12/6/2017 7:32:15 AM
(Reuters) — BP said on Wednesday it plans to build its third plant for blending lubricants in China for about $227 MM as it looks to meet the country’s rapidly growing demand.
BP’s China president Xiaoping Yang said the country was a key growth market for premium lubricants.
The new plant, which will have an annual production capacity of 200,000 t, is expected to start operation before the end of 2021.
BP said the plant will be able to produce premium lubricants and greases for automobiles, industrial, marine, and aviation customers, as well as special lubricants and additives.
Reporting by Justin George Varghese in Bengaluru; editing by Jason Neely
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