Lub-rref, CEP Deals to Set Base Oil Refinery

(Last Updated On: 04/24/2017)

 

Successful marketer of ‘BNO’ Lubricants brand, Lub-rref (Bangladesh) Limited has signed a contract with California-based Chemical Engineering Partners (CEP) to build a Lube Base Oil Refinery in Chittagong.

Process Design and Technology License agreement between CEP and Lub-rref (Bangladesh) Limited was signed on March 2, 2017.

‘BNO’ is going to be facilitated with this refinery plants, also a first blending combination in Bangladesh industry.

The lube based oil refinery and an oil terminal would be built in Karnaphuli area of Chittagong.

The development will cover approximately 50,000-metre square land backed by similar space for an Oil Terminal.

This refinery plant will be used for both lube oil and refinery by-products, which is facilitated combining two purposes in a single plant.

‘We are pleased to increase our global clients by bringing the CEP Process to this Southeast Asian country’, says Joshua Park, president of CEP.

Lub-rref (Bangladesh) Limited has contracted CEP to design the plant, which will have a feed capacity of 69,000 MT/Year producing approximately 50,000 MT/Year of Group-II Lube Base Oil.

However, CEP is regarded as the global leader in the re-refining technology.

CEP’s refining process is eco-friendly that its process not only ‘regenerates’ the used oil and other refinery by-products but also reduces the overall CO2 emission.

The facility will utilize Green Technology developed by CEP in various successful refineries completed throughout the world.

‘We are proud to contribute to the environment protection of Bangladesh through used oil & refinery by-product treatment,’ says Mohammed Yousuf, Managing Director of Lub-rref (Bangladesh) Limited.

It is expected that the refinery will help the country reduce approximately 50% of its import of Base Oil out of the 100,000 M.T requirement PA import.

CEP hopes to contribute to Bangladesh’s growing oil industry with state-of-the-art refining technology and a plant that can transfer technology to Bangladesh having no exposure earlier.

This refinery development is projected to start up by the end of March 2019.

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Towards Biz

Editor

Towards Biz is one of the dedicated news agency focused on Bangladesh Lubricants Oil Market.

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