Oleon has started a new distillation tower at its fatty acid plant in Ertvelde, Belgium, a year after a fire destroyed part of the plants main distillation unit. The company has also begun construction of a lubricants ester plant in Malaysia as its first foray into the growing Asia-Pacific market.
Managing director Chris Depreeuw said Oleon is entering the Asia-Pacific market, where it has invested 15 million ($22.8 million) towards a new 25,000 metric tons per year plant. At this moment, we are starting the building of a lubes ester plant in Port Klang, Malaysia, with start up expected in February 2009, Depreeuw told Lube Report on Friday. Oleon considered building the new plant in the United States but decided Asia was most appealing because of cost aspects and future market potential, he added.
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