In response to customer demand, ExxonMobil Chemical Synthetics has declared that it will be increasing its production capacity for low-viscosity polyalphaolefin synthetic base stocks (LoVis PAO).
LoVis PAO can in turn be used to make synthetic lubricants for a variety of vehicular and industrial applications, such as those available through Mobil stockists. The company is also enhancing its global transportation network in order to better supply its customers with these base stocks.
ExxonMobil Synthetics’s vice president, Hesham Omar, said about the development:
“Our customers demand a growing reliable supply of high performance synthetic base stocks that enable them to innovate confidently. Investing in our production facilities and supply chain capabilities allows us to stay at the forefront of the base stocks industry and meet our customer’s long-term ambitions as they grow their business.”
ExxonMobil’s investment in its LoVis PAO production facilities has raised the production capacity at its French facility to 105 kilotons per year.
According to data from Kline and Company, the market for synthetic lubricants is set to expand by more than 20% in the 2017-2021 period. ExxonMobil Synthetics is well positioned to supply lubricant formulators with the high-quality base stocks they need to create new lubricants with longer drain intervals and better energy efficiency, all while protecting equipment under extreme conditions. The company has four manufacturing facilities producing over 350 tons of Group IV and V base stocks in various grades annually, much of which is destined for ExxonMobil’s own advanced lubricants, such as Mobil 1 New Life 0W/40.