Texas-based Exxon Mobil Corporation, one of the world’s largest oil and gas company, plans to set up a lubes blending plant in India, according to two executives aware of the development.
ExxonMobil sells its lubricants under the brand name Mobil and has been present in the Indian market for a few years now. “ExxonMobil is planning to set up a lube blending plant in Khopoli in Raigad, Maharashtra. The company wants this facility to be one of its largest in Asia with over 500,000 barrels per year capacity,” said an official aware of the development.
In an emailed response the company said, “As a matter of practice, we do not comment on market rumours and speculation. ExxonMobil continuously evaluates its global portfolio of businesses and opportunities for growth Read More
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