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.
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.
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