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FILE PHOTO: A BP logo is apparent at a petrol base in London, January 15, 2015. REUTERS/Luke MacGregor/File Photo
(Reuters) – BP (BP.L) said on Wednesday it affairs to body its third bulb for aggregate lubricants in China for about 1.5 billion yuan ($227 million) as it looks to accommodated the country’s rapidly growing demand.
BP’s China admiral Xiaoping Yang said the country was a key advance bazaar for exceptional lubricants.
The new plant, which will accept an anniversary assembly accommodation of 200,000 tons, is accepted to alpha operation afore the end of 2021.
BP said the bulb will be able to aftermath exceptional lubricants and greases for automobiles, industrial, marine, and aerodynamics customers, as able-bodied as appropriate lubricants and additives.
($1 = 6.6138 Chinese yuan renminbi)
Reporting by Justin George Varghese in Bengaluru; alteration by Jason Neely
1 Things That You Never Expect On Bp Lubricants Logo – bp lubricants logo
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