Chevron’s Group II base oils capacity to reach 2.6m tonnes/year

25 February 2011 12:09  [Source: ICIS news]

LONDON (ICIS)--The new Group II base oils plant that Chevron plans to start up in Pascagoula, Mississippi, by the fourth quarter of 2013 will bring the company’s Global II base oils capacity to 2.6m tonnes/year, a Chevron official said on Friday.

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 London.

Chevron produces Group II base oils at its plant in Richmond, California, and at a joint-venture facility in Yeosu, South Korea.

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 US west and Gulf coasts, in Antwerp, Singapore and Australia.

Future locations for hubs under consideration include sites in South America and additional ones in Europe.

This year’s ICIS World Base Oils & Lubricants Conference runs from 24-25 February.

($1 = €0.72)

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By: Heather McGuire Doyle
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