Chinas Hainan Handi Sunshine Petrochemical Co. is preparing to build a base oil plant that will increase its capacity from 300,000 metric tons per year to 1.5 million t/y. The new facility would make API Group II+ and III oils.
Hyundai and Shell Base Oil Co. announced the opening of its API Group II plant in Daesan, South Korea, on Sept. 25.
The base oil plant at Sinopecs refinery in Maoming, China, has completed an expansion and upgrade that gives it capacity of 400,000 metric tons per year, including 300,000 t/y of API Group III. The oil and gas giant called it the first plant to make Group III using Chinese wax isomerization technology.
Chinese lubricant supplier Copton Technology Co. last week gained final approval to launch an initial public offering on the Shanghai Stock Exchange, which will aim to raise 320 million (U.S. $49 million) for a new blending plant and other projects.
Hainan Handi Sunshine Petrochemical Ltd. is moving forward again with a previously stalled plan to build another base oil plant at the site of its existing base oil refinery in Hainan province, China.
What a difference four years makes. Once outclassed in base oils, Chinas refiners have pumped up their base oil refining muscle by 66 percent since 2010. They now have a 13 percent share of global capacity, new research shows.
SK Lubricants and Pertamina plan to expand their API Group III base oil plant in Dumai, Indonesia by 50 percent next year. An official with the South Korean refiner bucked conventional wisdom two weeks ago predicting shortages of Group III+ stocks.
Chevron Oronite announced last week the completion of a major expansion at its lubricant additive plant in Singapore. The project increased the facilitys capacity to produce dispersants and, according to Oronite, padded its position as the largest additive plant in Asia.
Tianhe Chemicals is in the midst of building two lubricant additive factories that it plans to open next year, in Dubai and Singapore.
The number of lubricant blending plants in Australia continues to shrink. High expenses for imported raw materials, rising labor costs and advantages for production in Southeast Asia have all been blamed for the trend.