SK Lubricants, following the release of news on April 15, 2010, to build a 80,000-ton lubricants plant in the Tianjin Free Trade Zone in China (the plant will become SK Lubricant's fourth plant in the world), 6 During the month, SK Lubricant Company once again announced that it would cooperate with Spain’s Repsol, a transnational energy company, to build Group III lubricated oil plants in Cartagena, on the coast of southeastern Spain, and sign related agreements between the two companies in the month.

SK Lubricant’s Spanish plant set up its first production base in Europe with a daily production capacity of 13,300 barrels, which is approximately half the size of the Korean No. 1 and No. 2 lubricant oil plants and the No. 3 lubricant oil plant in Indonesia. This time building a lubrication oil plant in Europe, the technology leads the Korean domestic oil refining company. Europe is the largest market for SK lubricants overseas. SK Lubricant has established a production base here to further strengthen its global supply network in order to occupy more US and European markets and accelerate its entry into the global market.

It is reported that SK Lubricant Co., Ltd. Ulsan complex No. 1 and No. 2 Lubrication Oil Plant has a daily production capacity of 1,000 barrels, and Indonesia's Dumai No. 3 Lubrication Oil Plant has a daily production capacity of 7,500 barrels. Together with the Spanish plant constructed this time, SK Lubricant will surely occupy the world's top position in the high-grade lube oil market.

According to relevant personnel of SK Lubricants, “The construction of the fifth oil plant in Spain is aimed at establishing our factory in the main market, which is the heart of Europe, if we combine the technical power of SK Lubricants with Repsol’s competitiveness in the European market. It will get satisfactory results."

SK Lubrcants Co., Ltd. began to sell lubricant oil to Europe in 1995. After continuous efforts, Europe became the company's main overseas market in 2007 and sold to 2.53 million barrels in Europe last year. In 2008, a branch company was established in Amsterdam to increase the European market.

Since October 1, 2009, after the SK Lubricant Company was separated from SK Energy, it established a subsidiary company that specializes in lubricants, motor oil, etc. Currently, its lubrication oil products are sold to over 50 countries in the United States, Europe and other countries. The country’s 200 companies. With regard to the specific consultations on the signing of this contract, the two companies are in full swing and the goal is to complete the work in 2013.

Repsol

Repsol is among the top ten representative transnational energy companies in the world. Repsol is a leading company in the energy industry in Spain and Argentina. The annual crude oil refining capacity reaches 420 million barrels. Repsol currently produces Group I lubricants in Cartagena, Puertollanoand LaPlata.

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