Organized by the Independent Commodity Intelligence Services (ICIS), it was held at the Ritz-Carlton Jeddah, Luberef signed several Memoranda of Understanding (MoUs) with a number of major industry players.

On day one of the conference, Luberef signed four MoUs with APAR, a leading multinational industrial manufacturer; the National Oil and Chemical Company (CHEMAOIL), a supplier of quality industrial oils; Petromin Corporation, a leading Saudi multi-national company for advanced lubricants, cutting edge multi-modal mobility, and a sustainable transportation solutions provider; and Day Candle, a key Saudi Arabian wax product manufacturer.

These MoUs will pave the way for a variety of new specialty production facilities at Luberef’s Yanbu Lubricants Value Park (LubeHUB), which is set to enable the localization of specialty product manufacturing in the Kingdom.