Apar Signs MoU with Saudi Aramco’s Luberef for Speciality Oils Plant
Apar Industries Ltd. has signed a Memorandum of Understanding (MoU) with Luberef, a subsidiary of Saudi Aramco for building a transformer oil and white oil plant at LubeHub, which is a value park in Yanbu, Kingdom of Saudi Arabia (KSA). This information was given by Apar Industries in a statement on 25th May 2022.
This MoU entails building a speciality oils plant at LubeHub. Transformer oil and white oil are obtained from crude oil, and used for the specialised purposes of electrical insulation and for pharmaceutical & cosmetic applications respectively.