Jebsen launches $40m lube oil facility

Jebsen Group, China's largest Porsche sports car dealer, has put a new $40 million lubricating oil plant into operation in Guangdong province, to tap into the country's growing demand for the products.

The Zhuhai factory was built jointly by Jebsen Group and refining company Clean Oil Investment Ltd, which holds a controlling stake in the venture.

The whole facility includes a 16,000-ton base oil refining plant, and a 35,000-ton lubricating oil blending plant.