Saudi’s Yanbu United Company for Trade and Industry (Yunigreen) announced on Tuesday the start of construction of two Lube Oil Hydrofinishing Units, each with a capacity of 300 metric tonnes per day in Yanbu Industrial City.
These units will produce high-quality Group II and Group II+ base oils, and will be operational from July 2027.
Under a Memorandum of Understanding signed at the 19th ICIS Middle East Base Oils and Lubricants Conference in Riyadh, Yunigreen announced a partnership with Studi Tecnologie Progetti (STP), a leading engineering company based in Rome, Italy, specialising in re-refined base oil technology for the project.
Abdullah Al Harbi, CEO, Yunigreen said: “By converting existing Group I re-refinery production to Group II and Group II+, Yunigreen supports lubricant producers’ carbon reduction initiatives without compromising product quality.”
Yunigreen, founded in 1979 in Saudi Arabia, is a global leader in the production of high-quality Base Oil, backed by an annual production capacity of 218,000 kt.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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