Houston, Texas -Â Nynas USA is to buy for resale the complete output of naphthenic lubricant oils made by Lyondell-Citgo refining LP (LCR), effective from 1 Sept.
LCR customers were previously supplied by CITGO Petroleum Products, but those customers will now have to deal with Nynas USA. "This transaction is an important next step in our proven commitment to servicing a growing worldwide customer base with the latest naphthenic oils.," said Jay Flint, president, Nynas USA, Inc.
"Nynas foresees a continued growing worldwide demand for naphthenic specialty oils, largely because the number of oil applications requiring highly refined products has surged in recent years," said Tomas Wallin, senior vice president of AB Nynas Petroleum and chairman of Nynas USA Inc. "Meanwhile, areas such as rubber and tire compounding are experiencing a growing interest in naphthenics, which meet increasingly stringent regulatory requirements. All of this means that Nynas is well poised to continue its impressive business momentum
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Press release from Nynas USA