Shell expects China's lubricants demand will increase significantly

Shell recently predicted that it is expected that by 2020, the demand for lubricants in the Asia Pacific region will account for more than half of global demand, and half of the increase in demand will come from China. By 2015, China may replace the United States and become the world's largest lubricant market.

According to Shell's forecast, China's new demand for lubricants will come from various fields. Among them, the number of motor vehicles will boost consumer demand for lubricants. It is expected that the number of motor vehicles in China will exceed 500 million in the next decade. The demand for industrial lubricants will be driven by areas related to infrastructure construction such as mining, construction and steel, and it is expected that one-fifth of the world's construction projects will be conducted in China.

Shell announced on the same day that it will build a modern lubricants blending plant in the Nangang Industrial Zone in Tianjin to supply lubricants to North China with an annual output of 300 million liters and a maximum annual capacity of 500 million liters.

This is Shell's seventh lubricant blending plant in China. According to statistics, at present, Shell has built lubricants blending plants in Tianjin, Zhangpu, Zhejiang, and Zhuhai, Guangdong, and established a lubricant technical service center in Zhuhai. It will also establish a larger, R&D-capable lubricants technology center in Shanghai in 2013.

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