Chevron Phillips Chemical closes deal for Neste Oil polyalphaolefin plant in Belgium
12/1/2011 12:00:00 AM
Chevron Phillips Chemical has successfully completed the acquisition of a polyalphaolefin (PAO) plant located in Beringen, Belgium from Neste Oil.
“By closing this transaction we have created a unique position for Chevron Phillips Chemical Company,” said Dennis Holtermann, general manager of normal alpha olefins and polyalphaolefins for Chevron Phillips Chemical (CPChem).
“The addition of this plant to our existing production capabilities enables us to better service the growing demand for PAOs that are used in high performance lubricants and other applications,” he added.
The deal was first announced in September.
Chevron Phillips Chemical is the 50:50 joint venture of Chevron and ConocoPhillips.
Related News
- Fluor signs contract with X-Energy for advanced nuclear project at Dow's Seadrift facility in Texas (U.S.)
- Climate Investment leads $27-MM Series B investment in Membrane Technology and Research (MTR) to scale its use in industrial applications
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility
Comments