London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Motiva to market S-Oil products in North America

June 18/2021

MOSCOW (MRC) -- Motiva Enterprises has executed a long-term supply agreement with Aramco base oil affiliate S-Oil Corporation that will more than double Motivas current offer for Group III base oil in North America, according to Hydrocarbonprocessing.

Per the agreement, Motiva will assume all North American marketing, sales, and distribution of Group III base oils produced by S-Oil (based in Onsan, South Korea). Phillips 66 Company was previously the exclusive distributor for S-Oil ULTRA-S Group III base oils in North America.

Motiva Base Oils Director Colleen Murphy-Smith said the new supply agreement represents a huge milestone for Motiva, which already operates the largest base oils refinery in the Western Hemisphere.

S-Oil is one of the largest Group III base oil producers in the world. Motiva will market the S-Oil products under the aramcoULTRA brand name.

Aramco affiliates Motiva, S-Oil, and Luberef have been part of the Aramco Base Oils Global Alliance since 2019. Products are marketed under one brand to strengthen global reach and maximize opportunities to serve both existing and gain new customers. Combined, the Alliance boasts a 14% market share, selling one in every seven barrels of base oils around the globe. 

As MRC reported previously, Motiva Chemicals has resumed operations at its mixed-feed cracker in Port Arthur, USA. The process of restart of this cracker with the capacity of 635,000 mt/year of ethylene and 340,000 mt/year of propylene began on 27 February, 2021, and finishe in the first week of March 2021. The cracker wa shut along with the refinery at the same site on 14 February, 2021, because of the deep freeze.

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 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, propylene, ethylene, petrochemistry, Motiva Enterprises, S-Oil, Saudi Aramco, USA, South Korea.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe