Eterna Oil spends N3billion on lubricant plant in Nigeria
11 October 2017 |
2:54 am
Eterna Oil Plc has built a N3 billion a 15,000 metric tonne capacity state-of-the-art lubricant manufacturing plant in Nigeria.The Managing Director of the company, Mahmud Tukur made this known to journalists in Lagos during the launch of Castrol lubricant oil.
Eterna Oil Plc has built a N3 billion a 15,000 metric tonne capacity state-of-the-art lubricant manufacturing plant in Nigeria.The Managing Director of the company, Mahmud Tukur made this known to journalists in Lagos during the launch of Castrol lubricant oil.
According to Tukur, the aim of the company was always to own its blending facility, adding that this dream became a reality when Eterna secured a $940,000 loan from the International Finance Corporation (IFC) in 1995 to construct what was to eventually become one of the best and most modern lubricant manufacturing plants in Africa.
He said that Castrol’s Global Manufacturing and Technology, its international partner, designed the plant and provided the required technical support during construction ensuring that the plant met global standards.
He described the lubricant blending plant as one of the only three Castrol accredited blending plants in Africa. “The Plant is located in Sagamu, Ogun State on a sprawling five hectares of Prime Industrial Real Estate.“The Plant is equipped with a state of the art laboratory which supports the blending activities as well as used oil analysis services for customers. This is vital technical support which we provide to our customers to enable them optimise equipment uptime and avoid failures where possible, through early detection and diagnosis”, he added.
The laboratory according to Tukur, is a vital technical support which the company provides to its customers to enable them optimise equipment up-time and avoid failures where possible, through early detection and diagnosis.
According to him, the laboratory frequently participates in ILCP (Inter Laboratory Correlation Programmes) exercises where it is provided with random samples to test and the results are benchmarked against many laboratories scattered all over the globe.
“I am pleased to report that Eterna’s Laboratory has continued to retain its global rating and is currently pursuing its ISO 17025 certification.“The overall activities of the blending plant are supervised by Castrol’s Global manufacturing and Technology teams, ensuring that our staff are exposed to the latest manufacturing and testing methods, resulting in the highest quality manufactured lubricants.
“I am proud to announce that the latest addition to the Castrol GTX family “Castrol GTX Essential” was produced for the first time in the world at our plant in Sagamu this August.
“This is a clear demonstration of the confidence reposed in our manufacturing capabilities by Castrol, Eterna oil boss added.He said that the Castrol GTX Essential was developed in response to specific market requirements in Nigeria/Africa (and other regions with similar climatic conditions).
He said that this is an example of how globally developed technology is brought to bear in ways that address local conditions, meet engine manufacturers’ specifications whilst remaining affordable and cost effective.
“Between 2009 and 2015 post the acquisition of Castrol by BP, Eterna was majorly active in the Marine and Energy sectors, providing premium lubricants to tanker vessels, supply vessels, port operators, Floating Production Storage and Offloading(FPSOs) and drilling rigs.
“In 2015, we commenced further discussions with Castrol to extend our licensing rights to cover the Automotive and Industrial Sectors.“Culminating in the signing of a sole distributorship agreement in February 2017 for the Automotive and Industrial range of Lubricants for the Nigerian Market”, he said.
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