25 February 2011 12:09 [Source: ICIS news]
LONDON (ICIS)--The new Group II base oils plant that Chevron plans to start up in ?xml:namespace>
The $1.4bn (€1bn) plant, which will have a capacity of 1.25m tonnes/year, will make the refiner the largest global producer of Group II base oils, according to Tom Kovar, general manager of Chevron’s Pascagoula refinery.
Kovar was speaking at the 15th ICIS World Base Oils & Lubricants Conference in
Chevron produces Group II base oils at its plant in
Chevron’s supply hubs are expanding with demand to reduce supply-chain complexity and improve the reliability of supply, Kovar said.
Chevron currently has storage hubs on the
Future locations for hubs under consideration include sites in South America and additional ones in
This year’s ICIS World Base Oils & Lubricants Conference runs from 24-25 February.
($1 = €0.72)
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