Chevron announces first 100% renewable base oil production
Chevron Products Company, a division of Chevron U.S.A Inc., and Novvi LLC has announced the first production of 100% renewable base oil from Novvi’s Deer Park, Houston facility.
Colleen Cervantes, Chevron Lubricants President, said; “As part of our aim to find more reliable, affordable and ever-cleaner solutions, Chevron remains committed to our investment in and technology development with Novvi LLC. This milestone reflects the focus in our partnership despite the recent pandemic-related downturn, and we are excited about the future.”
Chevron is an equity investor in Novvi LLC, a California-based company that engages in the development, marketing, production and distribution of high-performance base oils from renewable sources. The agreement was announced in 2016.
This development ties in with Chevron’s commitments to the energy transition and climate change, focused on three main areas;
1) lowering carbon intensity cost efficiently,
2) increasing renewables in support of its business, and
3) investing in the future targeting breakthrough technologies.
Jeff Brown, Novvi President and CEO, said; “Novvi is focused on delivering renewable solutions—essential chemicals and products for the industrial fluids and lubricants markets—without trade-offs in performance, price, or availability,”.
The Chevron-Novvi partnership leverages the complementary technologies of Chevron’s long-standing expertise in hydroprocessing, and particularly ISODEWAXING®, with Novvi’s innovative use of renewable feedstocks to produce and market high-performance, synthetic and renewable premium base oils.