press release

Chevron Press Release - Chevron Isodewaxing Technology Selected for Major Petro-Canada Lube Oil Expansion

SAN FRANCISCO, Dec. 12, 1994 -- Chevron announced that its Isodewaxing technology has been selected by Petro-Canada for a major expansion of its lubricants business. Petro-Canada plans to double its lubricants manufacturing capacity through a $100 million ($135 million Canadian) expansion of existing facilities in Mississauga, Ontario.

Petro-Canada's expanded capacity is slated to come on stream by the fourth quarter of 1996. The plant will be designed to produce approximately 8,000 barrels (1,271,000 liters) a day of feedstock for the production of high-quality base oils -- the basic ingredient for motor oil and other lubricants. The facility will utilize Chevron's new Isodewaxing and Lube Hydrofinishing technologies for converting lube feedstocks into high-quality base oils.

In August 1994, Chevron licensed its Isodewaxing technology outside of its own system for the first time. The technology was first commercially demonstrated at Chevron's Richmond (Calif.) lube oil plant a year earlier, in August 1993. Chevron's first licensing customer was Excel Paralubes, a joint venture of Conoco Inc. and Pennzoil Products Co., which are building a grass-roots lube oil manufacturing facility at Conoco's Lake Charles Refinery in Westlake, La. The Petro-Canada deal marks Chevron's second Isodewaxing license.

"We are very pleased with the continued commercial success of our technology," said Al Caccamo, President of Chevron International Oil Company, which licenses fuel and lubricant technologies for Chevron worldwide.

Chevron says its Isodewaxing technology results in higher base oil yields, better quality and lower operating expenses than conventional, solvent-based processing.

"Chevron's licensing team members deserve congratulations for continuing to bring this new technology to the marketplace," said Bill Steelman, General Manager of Chevron U.S.A. Products Company's Lubricants Division.

Updated: December 1994