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FINANCIAL NEWS
Bahrain opens $9m refinery to recycle used oil
19 Jan 2011
(MENAFN) Under the Patronage of Bahrain’s Sheikh Abdulla bin Hamad Al Khalifa, head of the Public Commission for the Protection of Marine Resources and Wildlife, one of the largest refinery plants for used lubrication that is worth nine million dollars was launched, reported Arab Times.
The plant was called Agas Lubes and Eric D’souza was appointed as director. He said that the Agas Lubes has the capacity of 36,000 million tons of oil every year. He said that operations would include used lube oil collection, transportation, storage, quality checks, processing and export of base oils and other by-products worldwide.
Agas Lubes is a subsidiary of Agas Group, which invests in evacuation of petroleum residues and treatment, fuel oil production, marine oil terminal operations, metal cutting gas production and marketing, lube base oil re-refining, oil trading, environmental services in treatment of soil contaminated with hydrocarbons, conversion of waste plastics, tires, petroleum residues and sludge�s to valuable fuels, information technology, and infrastructure development in oil and gas sector.
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