luberef®ANNUAL REPORT 2025
Annual Report 2025/Yanbu Growth II
YANBU / GROWTH II

Yanbu Growth II Project and Transformation

The Growth II project accelerates this trajectory. It is a deliberate move to redefine Luberef’s role in the base oil value chain by expanding beyond capacity into full-spectrum capability.

2025 report outlook · Expected operational H2 2026

01 / 2025

Yanbu in 2025

Base oil production capacity
1,180,000MT/year

Based on current operating products slate.

Currently Yanbu has a core focus on Group II base oils, alongside selected Group I grades, including aramcoDURA BS™ 150 and aramcoDURA™ 150. The facility also produces ultra-low sulfur diesel (ULSD), naphtha, drilling fluids, marine heavy fuel oil (MHFO), asphalt, bright stock extract, and sulfur among its byproducts.

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02 / 2025 REPORT OUTLOOK

After Growth II

Yanbu total capacity
1.26million MT/year

Expected operational H2 2026 · Depending on market demand

The Yanbu Growth II Expansion is a cornerstone of Luberef’s strategy to enhance operational flexibility. Once operational in 2026, the project will raise the Yanbu facility’s total capacity to 1.26 million metric tons per year, enabling production of up to 670,000 metric tons of Group III base oils or up to 1,120,000 metric tons of Group II base oils, depending on market demand.

03 / PRODUCTION FLEXIBILITY

Three configurations.
One flexible facility.

2025 report outlook · After Growth II · Depending on market demand

Growth II production configurations (thousand MT)
Group IIIGroup IIShared scale: 0–1,120 thousand MT

Maximum Group III production

Group III
670thousand MT
Group II
0thousand MT

Maximum Group II production

Group III
0thousand MT
Group II
1,120thousand MT

Optimum production

Group III
175thousand MT
Group II
815thousand MT

Alternative production configurations · The maxima are not additive.

Group III base oils are high-purity products used in synthetic lubricants for hybrid vehicles, aviation, and advanced industrial systems. The Yanbu Growth II Expansion, expected to be operational in H2 2026, will add about 175,000 metric tons of Group III capacity and increase flexibility with Group II production. This development is set to advance Luberef’s move into premium, low-emission lubricants that support Saudi Vision 2030 and global mobility goals.

04 / 2025

Group III Alliance sales

73thousand MT

Alliance includes sales by S-Oil and Motiva in the Company designated zone, local imports sold by Luberef, and a small portion of other base oil groups.

AFTER GROWTH II

From resale to domestic production

In 2025, Luberef successfully embarked on the GIII slating program under AramcoULTRA brand name, marking a critical quality milestone. Following Growth II completion, domestic Group III production will replace resale volumes currently sourced from Alliance partners. The Company is also advancing a Group III/III+ project, targeting premium export markets in Europe and the United States and reinforcing Luberef’s long-term growth trajectory.

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