The worlds biggest Group III base oil producer intends to grow a bit bigger this spring. SK Corp. plans to increase capacity of a plant in Ulsan, South Korea, by 2,100 barrels per day during a maintenance turnaround scheduled to begin in April.
The expansion to one of two plants at Ulsan will boost overall capacity to 19,700 b/d. Officials said about three-fourths of the expansion will be Group III barrels, the rest Group II. The general manager of SKs Base Oils Business Team said the plant was built to accommodate an expansion of this sort.