Chevron begins base oil plant, agrees on conditions for refinery upgrade.

摘要

The US supermajor announced on July 21 that it had begun base oil production from its new facility at its Pascagoula, MS refinery. "Lubricants are a high growth business supporting economic development worldwide," said Chevron Downstream Chemicals executive VP Mike Wirth. "The addition of the Pascagoula plant to Chevron's base oil network enhances Chevron's reputation as a reliable and flexible base oil supplier globally". The 25K-b/d base oil plant roughly doubles the company's premium base oil production capacity. Chevron already owns similar plants at its Richmond, California refinery and its joint venture facility in Yeosu, South Korea. The new facility is expected to supply customers in the Eastern US as well as Europe and Africa. The existing plants will continue to supply the Western US and Asia markets. The plant utilizes Chevron Lummus Global's proprietary ISODEWAXING~R technology, which company officials say is used by its licensees to produce more than half of the world's premium base oil.