Hascol Petroleum board approves investment in lube blending plant

The board of directors of Pakistan’s Hascol Petroleum Limited (Hascol) has approved the PKR1.8 billion (USD17 million) investment to construct a lube oil blending and grease plant worth with expected.

The lube blending plant, which will be built in collaboration with Germany’s Fuchs, is expected to be commissioned in two years.

Hascol Petroleum said that a six-acre plot has been acquired at Port Qasim, Pakistan’s second busiest port, where the lube blending plant will be built.

Once completed, the lube blending plant is expected to boost its lubricants business.