ExxonMobil Corporation’s Aviation Lubricants Facility Begins Production
The company’s new plant in the United States
begins production aviation lubricants powered by Mobil Jet Technology
United
States: ExxonMobil
Corporation (NYSE: XOM), an
America based petrochemical giant, has announced that its aviation lubricant
plant situated at Port Allen has achieved full production. The plant is a part
of the company’s USD 200 million investment for the expansion of integrated
lubricants and chemical complex in Baton Rouge, United States. The plant is
equipped with in-line blending, high speed quart line and flow-through racking
manufacturing process with sound water treatment and recycling facilities in
order to use electric energy efficiently. The facility adheres to ISO 9001 and
U.S Navy Military Standard and would cater to the demand for advanced
lubricants and aviation fuel in North America.
TechSci
Research depicts that the
introduction of this production facility will definitely cater the rising
demand of lubricants in the near future, providing services using modern
technologies all across the globe and through this, the company will strengthen
its presence in the global lubricants market.
According to the recently published
report by TechSci Research, “Global
Specialty Lubricants Market By Type, By End Use, By
Region Competition Forecast and Opportunities, 2011 – 2025”, the global specialty lubricants
market is anticipated to cross $ 81 Billion by the end of 2025. Globally,
synthetic oil-based specialty lubricant is the most preferred type of specialty
lubricants. High demand for synthetic oil-based specialty lubricants is due to
their superior performance at high temperatures, oxidation stability and
durability, as compared to conventional mineral oil lubricants. Additionally,
North America dominated global demand for specialty lubricants, and the same
trend is expected to continue during forecast period as well. Some of the
leading players operating in global specialty lubricants market include Klueber,
Exxon Mobil, Dow Corning, Sinopec and BASF SE, among others.