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Lub-rref launches IPO, to build Group II base oil re-refinery in Bangladesh

Lubricant manufacturer Lub-rref announced plans to invest BDT400 crore (USD46.3 million) to build Bangladesh’s first Group II base oil refinery, using CEP’s re-refining technology. “The sector has huge potential for growth in Bangladesh as the local lubricant market is mostly import based,” said Mohammed Yousuf, managing director of Lub-rref. Typically a finished lubricant can contain […]

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