MOSCOW (MRC) -- Chevron Lummus Global (CLG) announced the successful startup of a 100% renewable base oil unit in Novvi's Deer Park, Houston facility that employs CLG's patented state-of-the-art ISODEWAXING catalyst and technology, according to Hydrocarbonprocessing.
Chevron, one of the joint venture parents of CLG, is an equity partner in Novvi LLC (Novvi), a California-based company that engages in the development, production, marketing, and distribution of high-performance base oils from renewable sources.
Chevron's Richmond Technology Center is home to CLG's revolutionary ISODEWAXING technology. A research and development facility that has led the development of various technological advancements to bring cleaner fuels, premium base oils, and now renewable base oils to the market to continue to enable cleaner, more sustainable, and affordable energy across the globe in both fuels and lubricants.
As MRC reported earlier, in November 2020, Chevron Lummus Global (CLG) was awarded a contract by China's largest oil and gas producer and distributor, PetroChina Company Limited, for the supply of its proprietary ISOMIX-e reactor internals for two of their RDS units in Liaoning Province.
We remind that in September 2020, Chevron Phillips Chemical, part of Chevron Corporation, deferred a final investment decision on a USD8 billion joint venture petrochemical complex project along the US Gulf Coast that was expected in 2021. The project, in partnership with Qatar Petroleum (QP), was announced in July 2019. It is slated to include a 2 million mt/year cracker and two 1 million mt/year high density polyethylene (HDPE) plants. The FID delay will also push the original target startup date past 2024.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and HDPE shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.