JobbersWorld logo
In This Issue
Chevron Building Base Oil Plant
Honeywell to Sell CPG

Forward this e-mail to colleagues and friends so they can join the JobbersWorld Online News mailing list.

It's Free!


 

The Forward email button is at bottom of this page


Join Our Mailing List
 






Petroleum Quality Institute of America

 
JobbersWorld Archives

Jan 25, 2010

Jan 21, 2011

Jan 19, 2011

Jan 11, 2011

Jan 6, 2011
Dec 27, 2010
Dec 23, 2010
 Dec. 16, 2010

Dec 14, 2010 

Dec 7, 2010

Dec  6, 2010
Nov 15, 2010
 
Nov 11, 2010
 
Nov 10, 2010
 
Nov 1, 2010
 
October 19, 2010
 
October 12, 2010
 
October 8,2010
 
October 7, 2010

October 2, 2010

October 1,2010

September 28, 2010
September 21, 2010
September 20, 2010
September 14, 2010
September 10, 2010 2E
September 10, 2010
September 9, 2010
 August 31, 2010
August 26, 2010
August 20, 2010
August 18, 2010
August 12, 2010
 August 3, 2010

July 14, 2010

June 15, 2010
   June 7, 2010

  May 20, 2010

May 17, 2010

  May 11, 2010

  April 8, 2010

  Feb 26, 2010

  Feb 16, 2010

  Feb 23, 2010

  Feb 16, 2010

  Feb 2, 2010

  Jan 27, 2010

  Jan 26, 2010

  Jan 19, 2010

  Jan 15, 2010

  More...

June 29, 2010
 

July 2, 2010


January 31, 2011

JOBBERSWORLD...MARKET INTELLIGENCE FOR INTELLIGENT MARKETERS

 

The First and Only Independent Newsletter to Focus on Lubricant Distributors.

Your needs, your concerns, your outlook. No bias, no fluff and no punches pulled. Whether it's buy backs or brand battles, allocation of co-op ads, operating costs or turf wars, Jobbers World keeps you on top of the issues that matter to YOU: The Lubricant Marketers!



Advertisement
Total Ad1

It's back On! Chevron to Build $1.4 Billion Base Oil Plant in Pascagoula, Mississippi  

Chevron Corporation today announced that Chevron Lubricants will commence construction of a lubricants manufacturing facility at the company's Pascagoula refinery. The $1.4 billion Pascagoula Base Oil Project (PBOP) is projected to generate approximately 1,000 jobs over the next two years of construction and about 20 permanent positions once the facility is operating.

The facility will manufacture 25,000 barrels per day of premium base oil, the main ingredient in the production of top-tier motor oil that helps improve fuel economy, lower tail-pipe emissions and extend the time between oil changes.

"Chevron was the first company to produce premium base oil," said Mike Wirth, executive vice president, Chevron Downstream & Chemicals. "With the addition of the Pascagoula facility, Chevron will become the world's largest producer of premium base oil. Demand for this product is increasing in the U.S. and around the world, and Chevron is adding capacity to meet that demand."

Construction is scheduled to be completed by year-end 2013.

"Many communities are trying to attract world-class, long-lasting manufacturing projects. Now this one is a reality in Pascagoula," said Tom Kovar, general manager of Chevron's Pascagoula refinery. "Chevron's significant investment will benefit both the company and the community. The project will help us grow our business and provide an enormous boost for the local economy."

PBOP will roughly double Chevron's premium base oil production. The company currently manufactures premium base oil at its refinery in Richmond, Calif., and a joint venture facility in Yeosu, Korea. Premium base oil produced in Pascagoula is intended to serve markets in North America, Latin America and Europe. In addition to motor oil, base oil is also used to make lubricants for high-tech machinery and equipment used in the commercial and industrial sectors of the economy.

The base oil facility will use Chevron's ISODEWAXING technology. Chevron began using ISODEWAXING commercially in 1993, resulting in higher yields and enabling a broader range of crude oil to be used in the manufacturing process. About two thirds of the world's premium base oil is manufactured with this technology.

As Chevron's largest wholly-owned refinery, the Pascagoula facility has a work force of 1,610 and processes up to 330,000 barrels per day of crude oil to produce gasoline, jet fuel, diesel and other products. The refinery began operating in 1963.


 Honeywell to Sell its CPG Automotive Group

Honeywell International to sell its Consumer Products Group (CPG) business to Rank Group (a New Zealand-based private equity group). The sale is expected to close in the third quarter of 2011 in a cash transaction valued at close to $950 million.  

 

Honeywell's CPG business is based in Danbury, CT. The business has revenue of about $1 billion in 2010 and employed more than 2,000. The CPG business includes four brands (FRAM filters, Prestone antifreeze, Autolite spark plugs and Holts car care products).

 

According to a statement by Honeywell's Chairman and CEO Dave Cote, "While CPG is a good business, it doesn't fit with our portfolio of differentiated, global technologies." Further Cole says, "We are committed to our Transportation Systems segment and are confident in our leading technology position in the global turbocharger business, aligned with the favorable macro trends of increased fuel economy and lower emission requirements around the world. Smart deployment of CPG sale proceeds, combined with the strong growth outlook for Transportation Systems, will deliver terrific long-term value to our customers and shareholders."



Written and published by experts, Jobbers World is brought to you by Petroleum Trends International, Inc.

Copyright ©

  2010 Petroleum Trends International, Inc.