In a strategic move towards expanding our footprint and contributing to the localisation of specialty products in the Kingdom of Saudi Arabia (KSA), APAR Industries is actively considering the establishment of a Transformer Oil/White Oil (TO/WO) plant at the Lubricant Value Park within the groundbreaking LubeHub. This exciting development comes following the signing of a Memorandum of Understanding (MOU) between APAR Industries and Saudi Aramco Base Oil Company – Luberef.
The MOU, a testament to the collaborative vision of Mr. Tareq AlNuaim, President and CEO of Luberef, and Mr. Kushal Desai, Chairman and Managing Director of APAR Industries, sets the stage for exploring the feasibility of constructing a state-of-the-art Transformer Oil/White Oil plant at LubeHub.
Launched in 2020, LubeHub serves as a gateway to the world-class Yanbu Ecosystem, a global refining hub and the future home of the Saudi Aramco-SABIC crude oil-to-chemicals plant. The proposed TO/WO plant aligns with LubeHub’s strategic goal of supporting the localization of speciality products in Saudi Arabia.
This collaboration not only positions APAR Industries at the forefront of innovation but also underscores the commitment to contributing to the vibrant energy landscape of the Kingdom. The Yanbu Ecosystem provides a robust infrastructure for the proposed TO/WO plant, offering a wide range of incentives and opportunities for APAR Industries to extend its reach and exports in the region.
As APAR Industries explores the potential for constructing a TO/WO plant at LubeHub, this venture is poised to play a pivotal role in enhancing local capabilities, fostering economic growth, and promoting sustainability within the Kingdom of Saudi Arabia. Stay tuned for more updates as we progress towards this significant milestone.
