Puralube Holding plans to invest EUR40m to build a waste oil recycling plant at Zeitz Chemical and Industrial Park in Germany.
The company’s third refining plant will produce high quality base oils by using recycled waste oil.
The new plant, which is expected to be operational in the autumn of 2014, will increase processing capacity of the enterprise to 240,000 tons of waste oil per year.
German Federal State Saxony-Anhalt Prime Minister Reiner Haseloff said that Puralube has once again chosen the location Zeitz, which is reflecting the success story of Saxony-Anhalt’s Chemical Parks concept.
"The infrastructure, services and resources available permit an enterprise to focus on its core competencies, allowing companies such as Puralube Holding GmbH to work innovatively and to use their position as technological leaders to become market leaders as well," Haseloff added.
Pluralube, a German subsidiary of US-based Pluralube Group has deployed UOP-HylubeTM technology in its first refinery, which can produce about 80,000 tons of base oil per year.