Hascol Petroleum Ltd.s board of directors informed the Karachi Stock Exchange that it has approved the Pakistani companys plans to build a PKR 1.8 billion (U.S. $17 million) blending plant with partner Fuchs Petrolub SE on a 6-acre plot in Port Qasim. Brenntag AG will buy the Indonesia and China distribution assets of Singapores EPChem Group, which makes liquid parrafins, paraffin waxes, petroleum jellies, white oils and other specialty chemicals. Indonesia’s Director of Downstream Chemicals, Teddy Sian, told reporters last week that Indonesian National Standard (SNI), the lubricants standard proposed earlier this year, will be enacted in June 2017.