17-06-2021
Motiva announces base oil supply agreement with S-Oil
Motiva Enterprises today announced that it has executed a long-term supply agreement with Aramco base oil affiliate S-Oil Corporation that will more than double Motiva’s current offer for Group III base oil in North America.
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.
“The agreement solidifies Motiva as the face of Aramco base oils sales in the Americas, advancing a brand strategy that all Aramco-produced base oils are marketed exclusively by affiliates,” said Murphy-Smith. “The deal enhances Motiva’s existing product portfolio and allows us to offer our customers even greater value.”
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 percent market share, selling one in every seven barrels of base oils around the globe.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Kent plays integral role in Fawley petrochemical complex
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical ...
11-04-2024