EPCA '12: Chevron Phillips hikes capacity on synthetic lube demand

07 October 2012 17:06  [Source: ICIS news]

BUDAPEST (ICIS)--Chevron Phillips has more than doubled its global polyalphaolefins (PAO) capacity to meet growing demand for synthetic lubricants, a company executive said on Sunday.

The US-based producer last year acquired a 60,000 tonne/year PAO plant in Belgium from Finland’s Neste Oil, more than doubling Chevron Phillip’s global capacity.

PAOs are used in synthetic lubricants.

“We have a PAO plant in Baytown, Texas, [and] this acquisition more than doubles our capacity to more than 100,000 tonnes,” said Dan Coombs, senior vice president, specialties, aromatics & styrenics. He spoke on the sidelines of the 46th annual European Petrochemical Association meeting (EPCA) in Budapest.

He cited increased requirements on lubricants in the drive to enhance motor fuel economy as the reason for the acquisition.

As auto makers are pushing for more fuel-efficient and smaller engines that have the same amount of power, which puts more stress on components and lubricants, Coombs said.

PAO-derived synthetic lubricants “don’t break down as easily under high temperatures and can last up to three times longer” than non-synthetic lubricants,” he said. “This puts us in a good position.”

The annual EPCA meeting runs from 6-10 October.

By: Brian Ford
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index