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25 August 2015: Daelim wins deal to supply petrochemical technology to Lubrizol

25 August 2015

Lubrizol Corporation and Daelim Industrial have signed a technology license agreement granting Lubrizol the right to use Daelim technology for the manufacture of polyisobutylenes (PIBs).

Daelim is a leading provider of high-quality petrochemical products and services and their technology has high value to Lubrizol, the largest manufacturer of conventional PIB (CPIB).

The Daelim technology can produce a wide range of polyisobutylenes from CPIB to highly reactive PIB (HR-PIB). PIB is a key raw material in the manufacture of Lubrizol's proprietary dispersants.

This agreement is consistent with Lubrizol continuing to renew its additives infrastructure as part of its previously announced 10-year phased investment plan. The plan is designed to upgrade and enhance Lubrizol's global capabilities.

With the agreement now signed, Lubrizol will move into the initial engineering phase of the manufacturing project. The expected timing from license agreement to commercial operations at its Deer Park, Texas site is projected to be three years minimum.

Daelim Industrial

24 August 2015: Neste Jacobs selected by Borouge as FEED contractor for Ruwais Polyethylene Plant modification


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