In September 2014, the joint plant owned by SK Lubricants and Repsol (the largest oil and gas company in Spain and Latin America, located in Cartagena, Spain) started operation.
The joint venture is the largest plant for Group III base stocks production in Europe. SK Lubricants share reached 70%. The production volume of 13.3 thousand barrels a day achieved. The total investment made up more than $ 312 million, which makes the plant the most expensive SK Lubricants project.
SK Lubricants introduces major changes: the Company develops advanced oil formulae and changes the nomenclature and the packaging line.
As a result, a new ZIC product line appeared in stores in September 2015.