CLEVELAND, US: The Lubrizol Corporation said that in conjunction with its previously announced technology license agreement with Daelim Industrial, it has begun construction of a new polyisobutylene (PIB) unit at its Deer Park, Texas facility.
Construction of this unit is consistent with Lubrizol continuing to renew its additive infrastructure as part of the company's previously announced 10-year phased investment plan. The plan is designed to upgrade and enhance Lubrizol's global capabilities.
The new unit is expected to be fully operational in the first half of 2019. It will provide Lubrizol with capacity for highly reactive polyisobutylene (HR PIB), a key raw material for next-generation dispersants and lubricants.
A groundbreaking ceremony was held in presence of Deer Park Mayor, Jerry Mouton; Deer Park Independent School District Superintendent, Victor White; Daelim Industrial Petrochemical division president and CEO, Jaeyul Kim; Eric Schnur, Lubrizol chairman, president and CEO; Dan Sheets, senior VP and president of Lubrizol Additives; Tanya Travis, general manager of Lubrizol Texas plants; Mike Vaughn, Lubrizol corporate VP, operations; and various other members of the Deer Park community and Lubrizol, as well as members of the company's various partnering organisations.
"With this significant investment, Lubrizol intends to meet future customer demands, as well as be fully prepared for anticipated performance upgrades in lubricants and fuels," said Dan Sheets.
© Worldofchemicals News
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