MJL Bangladesh Limited
MJL Bangladesh Limited (MJLBL) is a joint venture company between state-owned Jamuna Oil Company (JOCL) and EC Securities Limited (ECSL), an investment arm of East Coast Group. It is the first and only downstream petroleum company established by ExxonMobil in Bangladesh. ECSL now holds the majority stake after the oil major’s divestment.
MJL Bangladesh Limited is the Strategic Alliance Partner of ExxonMobil in Bangladesh and it has a state-of-the-art zero-emission Lube Oil Blending Plant (LOBP) with an annual capacity to produce 150,000 barrels of lubricating oil in a single eight-hour shift.
As a part of ExxonMobil’s Product Integrity Management System (3PIMS), this zero-emission plant strictly follows the quality programs, which includes receiving the base oils from ExxonMobil, additives sourced from other global suppliers as per ExxonMobil’s recommendation, and formulation to blending ExxonMobil products.
The Plant is certified by ExxonMobil Quality Practices and Guidelines, Product Integrity Management System (3PIMS), and ISO 9001. MJLBL has added a Grease Plant, VI Improver Manufacturing, and Transformer Oil Processing Unit. A team of highly qualified, trained, and skilled personnel operates the Plant with a guarantee of a hundred percent product quality assurance.
MJLBL blends and markets complete lubricant solutions for industrial, automotive, and marine sectors. A nationwide distribution network ensures the availability of quality lubricants blended and marketed by MJBL.
The lubricants blended and marketed by MJLBL are being used in powering the engines touching all corner-stones of modern developments of the country including motor vehicles, locomotive engines, river, sea, and ocean-going vessels, aviation and power, and other sectors of the country. Having the single largest market share of 31%, MJLBL leads the lubricants market in Bangladesh.
MJLBL also markets ‘Mobil’ brand lubricants in Nepal by setting up distributors under the blanket approval of ExxonMobil. MJLBL recently registered a JV company with EC Securities Limited in Singapore named “MJL (S) PTE LTD.” to expand its business arm to deal with a foreign investment portfolio.