Exxon Mobil will reconfigure its Baytown complex to produce another type of petrochemicals.
BAYTOWN, Texas — Spring-based Exxon Mobil Corp. (NYSE: XOM) is reconfiguring its Baytown complex to produce a new type of petrochemicals.
Exxon has reached a final investment decision for the “major reconfiguration project,” which will add Group III base stocks to its offerings.
Different types of base stocks are used as building blocks for lubricants. While Group I and Group II base stocks are made by petroleum through solvent extraction and catalytic processes, Group III base stocks are made through severe hydrocracking processes and have a higher viscosity index, according to the National Lubricating Grease Institute.
Group IV base stocks, meanwhile, including synthetic polyalphaolefin fluids. Group V base stocks are all other types of base stocks.
Exxon said that with this new investment, it will be the sole supplier of the full range of Group I-V base stocks.
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