K.Venkateshwar.Rao

Hyrax to Open Sri Lanka Blending Plant BY K. VENKATESHWAR RAO Malaysian company  Hyrax Oil  plans to open a lubricant blending plant next week at an oil terminal in Muthurajawela, Sri Lanka. “The plant was built through a strategic collaboration with the  Ceylon Petroleum Corp.  under a build, operate, and transfer agreement, where both parties forged a supply agreement for increased collaboration and partnership,” Hyrax Oil Media Advisor Dhanushka Jayawardene told Lube Report. “This is the second lubricant blending plant for Hyrax Oil, [with] the first being in Johannesburg, South Africa.” The 43,000 metric tons per year lubricant blending plant was to be built with an investment of U.S. $30 million on a 2.2 hectare site, according to a report by Bernama, Malaysia’s state-owned news agency, in May 2016 when the project was first announced. In May 2014, Sri Lanka’s Ministry of Petroleum Resources Development approved the two companies’ proposal to establish a blending plant. C

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