Saudi Aramco Base Oil Co - Luberef 2023 AR2
The report highlights Luberef's performance in 2023, during which the company achieved its highest-ever free cash flow of SAR 2,108 million and its second-highest net income of SAR 1,509.6 million. Luberef expanded its Yanbu facility's base oil capacity to 1.455 million MT per year and signed an EPC contract with Petrojet for the Yanbu Growth II expansion. The company also reduced its unit cost of base oil production to SAR 392/MT and maintained a 0.0 Total Recordable Incident Rate (TRIR) for over four years. Additionally, Luberef participated in a voluntary carbon credit auction, purchasing 20 thousand credits as part of its journey toward net-zero emissions by 2050.
Company: Saudi Aramco Base Oil Co - Luberef
Sector: Manufacturing
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 90
Back to company
Saudi Aramco Base Oil Co - Luberef
Annual Report
The report highlights Luberef's performance in 2023, during which the company achieved its highest-ever free cash flow of SAR 2,108 million and its second-highest net income of SAR 1,509.6 million. Luberef expanded its Yanbu facility's base oil capacity to 1.455 million MT per year and signed an EPC contract with Petrojet for the Yanbu Growth II expansion. The company also reduced its unit cost of base oil production to SAR 392/MT and maintained a 0.0 Total Recordable Incident Rate (TRIR) for over four years. Additionally, Luberef participated in a voluntary carbon credit auction, purchasing 20 thousand credits as part of its journey toward net-zero emissions by 2050.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Net Zero Target