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ExxonMobil and INNIO sign long-term global lubricants collaboration agreement

May 29/2020

MOSCOW (MRC) -- ExxonMobil and INNIO have signed a long-term extension to their global lubricant collaboration agreement for INNIOs Jenbacher Type 2, 3, 4, 6 and 9 natural gas engines, said Hydrocarbonprocessing.

Working side by side, the companies will draw on their joint expertise in meeting the evolving needs of natural gas engine lubrication, resulting in the release of a new co-branded gas engine oil and other products in the future.

"Were pleased to build on our co-engineering working relationship with ExxonMobil, said Andreas Lippert, Chief Technology Officer at INNIO Group. Together, we continue to co-develop a range of high-performance gas engine oil technologies for our reliable and highly efficient Jenbacher Type 2, 3, 4, 6 and 9 natural gas engines, helping our customers achieve their business goals in the global energy transformation."

"This collaboration with INNIO enables us to further strengthen our understanding of the application issues that customers face, in order to develop the right lubrication solution, said Henning Feller, EAME Sales Manager Finished Lubricants.

"By combining our lubrication expertise with INNIOs 90 years of gas engine innovation expertise, we can achieve one shared goal: to help INNIOs Jenbacher gas engine customers improve their operational reliability, productivity, profitability and sustainability."

As MRC informed before, in September 2019, ExxonMobil announced plans to spend GBP140 million over the next two years in an additional investment program at its Fife ethylene plant, which has a capacity of more than 800,000 t/y.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided. At the same time, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.

ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, Exxon Mobil.
Category:General News
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