power sector and share market bd

Friday, November 12, 2010 Unknown
Mobil Jamuna Lubricants (MJL) Bangladesh yesterday opened three new plants in Chittagong to make a new portfolio of products.
The plants will make grease, transformer oil and viscosity index improver, which had earlier been all imported, said officials of the public-private partnership company.
Mohammad Mesbahuddin, energy and mineral resources secretary, inaugurated the plants at Lube Oil Blending Plant at East Patenga in the port city.
Abdul Muyeed Chowdhury, Bangladesh director for MJL, was the special guest and Azam J Chowdhury, managing director, delivered a welcome speech.
Mesbahuddin said Mobil Jamuna MJL Bangladesh is a good example of public-private partnership in the petroleum sector.
Since its establishment as a modern lube oil blending plant in 2003, the company has transformed into the market leader in the lube oil sector, he said.
Azam J Chowdhury said the company has the capacity to produce 850 tonnes of grease, which can reach up to 2,400 tonnes a year.
Chowdhury said it imports all chemical additives and blenders now.
“The viscosity index improver plant is the first of its kind in Bangladesh to manufacture the chemical additives which is a 100 percent import substitute.”
Bangladesh needs 600 tonnes additives a year, which is much lower than MJL's capacity, Chowdhury added.
The plants and its technology have been designed and implemented by former officials of ExxonMobil, one of the officials of MJL Bangladesh said.
The official said all major equipment including the control system has been sourced from the equipment builders of North America, Europe, Southeast Asia and Australia.

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