CleanOil and Jebsen Kick off New Joint Venture
CleanOil Investment Ltd and Jebsen Industrial Technology Company Limited started operations of their joint venture, Zhuhai CleanOil Petrochemical Co., Ltd, specializing in the production of high-quality base oil and premium lubricating oil for automotive and industrial applications.
- (1888PressRelease) November 10, 2015 - CleanOil Investment Ltd and Jebsen Industrial Technology Company Limited, today announced the start of operations of their joint venture, Zhuhai CleanOil Petrochemical Co., Ltd ("Zhuhai CleanOil").
Mr Antony Louis Marden, Chairman of CleanOil Investment Ltd, Mr Hans Michael Jebsen, Chairman of Jebsen Group and Mr Zhou Feng, Vice Party Secretary of CPC, Gaolan Port Economic Zone, graced the opening ceremony held in Gaolan Port Economic Zone, Zhuhai, Guangzhou.
Zhuhai CleanOil, will specialise in the production of high-quality base oil and premium lubricating oil for automotive and industrial applications. It is estimated to produce 35,000 tonnes of lubricating oils a year, targeting customers in cities of the Pearl River Delta and the Yangtze River Delta.
The 35,000 square metre facility cost US$40 million, and took two years to build. It will employ about 100 staff.
The commercial purpose of the plant is to tap into the growing demand for base oil which last year totalled 4.6 million tonnes.
Using CleanOil's patented technology consumes more than 30% less energy than conventional refining processes, reducing the carbon footprint significantly, while eliminating harmful secondary pollution. A perfect combination of environmental protection and business sustainability.
The plant will provide customers in China with products of the highest API Group II/II+ specification.
Base stocks produced are superior to industry standards, enabling better engine protection at wider temperaure range and lesser dependence on additives, thanks to high viscosity index. They also carry negligible carbon residue and will be ultra-low in sulfur, carcinogens and heavy metals, making our base stocks very environmentally friendly, particularly in densely populated and urban areas.
Through its modern lube oil blending and packaging facilities, premium quality lubricating oils are produced using Zhuhai CleanOil's in-house formulations expertise.
The product assortment will include top of the range API SN gasoline engine oils and CJ4 diesel engine oils as well as a host of other industrial lubricating oils such as hydraulic oils and gear oils.
About Zhuhai CleanOil Petrochemical Co., Ltd
With a state-of-the-art oil refinery constructed in Gaolan Port Economic Zone, Zhuhai CleanOil Petrochemical Co., Ltd is a joint venture of CleanOil Investment Ltd and Jebsen Industrial Technology Company Limited, the subsidiary of leading and long established Hong Kong family business, Jebsen Group. It will use patented Oil Refining Technology developed by CleanOil to manufacture products for distribution in the Pearl River Delta and Yantze River Delta markets.
About CleanOil Investment Ltd
CleanOil Investment Limited was set up in Hong Kong in 2012, as the commercialization and investment arm for Research & Development which had been carried out by CleanOil Hong Kong since its establishment in 2002. CleanOil's highly specialized team of oil engineers spent over a decade to research and develop a disruptive and innovative oil refining process, which it tested and optimized to perfection at their prototype plant in Yeung Long. CleanOil created a proprietary and leading base oil refining process, which enables their plants to produce oil that is energy efficient and environmental friendly, without impacting the quality of the end product. For more information, please visit www.cleanoil.com.hk.
With clear vision and commitment to corporate social responsibility (CSR), Jebsen is determined to integrate economic, social and environmental considerations into organizational strategies and operations.
For more information visit http://www.jebsen.com/en/corporate-social-responsibility
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