Blending of Lube Oil from Mineral Base Oil
Capacity
|
25 Million Ltrs./Annum
|
Plant and Machinery cost
|
487.00
Lakhs
|
Working Capital
|
0.00
|
Rate of Return (ROR)
|
43.00
%
|
Break Even Point (BEP)
|
44.00
%
|
TCI
|
1557.00
Lakhs
|
Cost of Project
|
1557.00Lakhs
|
Description:
A lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity.
One of the single largest applications for lubricants, in the form of motor oil, is protecting the internal combustion engines in motor vehicles and powered equipment.
Typically lubricants contain 90% base oil (most often petroleum fractions, called mineral oils) and less than 10% additives. Vegetable oils or synthetic liquids such as hydrogenated polyolefins, esters, silicones, fluorocarbons and many others are sometimes used as base oils. Additives deliver reduced friction and wear, increased viscosity, improved viscosity index, resistance to corrosion and oxidation, aging or contamination, etc.
Lubricants such as 2 cycle oil are added to fuels like gasoline which has low lubricity. Sulfur impurities in fuels also provide some lubrication properties, which has to be taken in account when switching to a low sulfur diesel; biodiesel is a popular diesel fuel additive providing additional lubricity.
Uses
Automotive, Engine oils, Petrol (Gasoline) engine oils, Diesel engine oils, Automatic transmission fluid, Gearbox fluids, Brake fluids, Hydraulic fluids, Tractor (one lubricant for all systems), Universal Tractor Transmission Oil – UTTO, Super Tractor Oil Universal – STOU – includes engine, Other motors, 2 stroke engine oils, Industrial, Hydraulic oils, Air compressor oils, Gas Compressor oils, Gear oils, Bearing and circulating system oils, Refrigerator compressor oils, Steam and gas turbine oils, Aviation, Gas turbine engine oils, Piston engine oils, Marine, Crosshead cylinder oils, Crosshead Crankcase oils, Trunk piston engine oils, Stern tube lubricants.
Market Survey
The lubricating oil and grease market in India is of the order of about 4.6 mn tonne and is growing at around 4.5% annually. The moderate growth is paradoxically due to the supply of better quality of lubricants which have longer servicing capability.
The lube market consists of two major segments, automotive and industrial, the two having a market share of 65% and 35%, respectively. Most of the competition is crowding into the first category. In the automotive segment, while cars and two/three wheelers segment accounts for 37% of the market, diesel operated engines, trucks and other heavy vehicles have the bulk share of 63%.
The market has got increasingly specialised. Two major features of the product trans formation are eco friendliness and energy efficiency. Accordingly, biodegradable oils and long life greases will be in greater demand. Aviation and defense lubricants have been specialised areas which require very meticulous adherence to specifications. Aviation lubricants demand high value addition and is expected to grow faster with commercial aviation.
The global lubricant market is generally competitive with numerous manufacturers and marketers. Overall the western market may be considered mature with a flat to declining overall volumes while there is strong growth in the emerging economies. The lubricant marketers generally pursue one or more of the following strategies when pursuing business.
Few Indian Major Players are as under:
Alicid Organic Inds. Ltd.
Asia Refinery Ltd.
Bharat Petroleum Corpn. Ltd.
Bharat Shell Ltd.
Burmah Petro Products Ltd.
Caltex Lubricants India Ltd.
Canara Sales Corpn. Ltd.
Castrol India Ltd.
Chemoleums Ltd.
Continental Petroleums Ltd.
Gantley Speciality Products Ltd.
Gujarat Indo Lube Ltd.
Gujarat Oiland Inds. Ltd.
Gujarat Speciality Lubes Ltd.
Gulf Carosserie India Ltd.
Gulf Oil Corpn. Ltd.
Gulf Oil India Limited [Merged]
Gulf Oil India Ltd. [Merged]
Houghton Hardcastle (I) Ltd.
Iccon Oil & Specialities Ltd.
Indian Additives Ltd.
Indian Oil Blending Ltd. [Merged]
Lubrizol India Pvt. Ltd.
M P Petrochem Ltd.
Motorol (India) Ltd.
Motorol Speciality Oils Ltd.
Nandan Petrochem Ltd.
Panama Petrochem Ltd.
Paras Lubricants Ltd.
Petrosil Lubricants Ltd.
Powerlink Oil Refinery Ltd.
Renaissance Petrolube Ltd.
Sagar Petroleums Ltd.
Sah Petroleums Ltd.
Savita Oil Technologies Ltd.
Savita Polymers Ltd.
Shiva Petro Synth Specialities Ltd.
Southern Refineries Ltd.
Speciality Petrolubes Ltd.
Sunstar Lubricants Ltd.
Tata B P Lubricants India Ltd. [Merged]
Tide Water Oil Co. (India) Ltd.
Total Lubricants India Ltd.
Unique Oils India Ltd.
Universal Petrochemicals Ltd.
Valvoline Cummins Ltd.
Velloils Lubricants & Petrochem Ltd.
Waxpol Industries Ltd.
Witmans Petrochem Pvt. Ltd.