Japan group inaugurates lubricant oil factory in Haiphong

May 26, 2014 | 08:46

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JX Nippon Oil & Energy Vietnam has just opened a lubricant oil factory at Dinh Vu Industrial Zone in Haiphong.

The company, an affiliate of Japan’s JX Nippon Oil & Energy group, was granted a license to run a project at Dinh Vu IZ in 2010. It started building the factory in November 2013 and officially began operating less than a year after construction began.

JX Nippon Oil & Energy Vietnam General director Toshiaki Nagasawa said the factory, one of the group’s eight overseas, uses modern technology with a capacity of 40,000 tonnes per year to supply high quality products of gasoline, diesel, ATE and industrial oil.

He added that the company can now directly supply products to Vietnamese consumers.

JX Nippon Oil & Energy is Japan’s leading group in oil refinery and material oil which accounts for one-third of the country’s volume and is the sixth largest lubricant oil producer in the world.

In addition, it also operates in electricity, fuel gas and solar energy generators and is expanding investment in oil and gas exploration and development.

The group has operated in Vietnam since 1996 and set up a representative office in Ho Chi Minh City in 2010.

VOV

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