SAN RAMON, Calif., May 22, 2024 – Chevron Oronite has made the final investment decision to expand its lubricant additive facility in Ningbo, China.

Chevron Oronite first announced its intention to build a manufacturing plant in China in 2015 and selected Ningbo as the preferred location in mid-2018. The facility is located within the Ningbo Economic & Technical Development Zone (NETD), which is near the Ningbo Port, one of the largest ports in the world in terms of annual cargo throughput. Construction commenced in late 2018 and the plant was fully commissioned in 2020. Commercial production started in 2021, helping ensure reliable supply of additive products in the China market. 

“This investment underpins Chevron Oronite’s dedication to provide exceptional reliability and reinforces our commitment to our customers in China,” said Mitra Kashanchi, president, Chevron Chemicals. As Kashanchi continued, “Through our agreement with NETD, this next phase of development in Ningbo will better position us to help meet the needs of China’s market while maintaining close proximity to customers and critical raw material supply.”

As the newest addition to Chevron Oronite’s supply chain, the Ningbo facility provides flexibility and security of supply of select products across China, Asia and globally. The execution phase of this expansion will begin in July 2024 with an anticipated completion date in late 2026.

“We are proud of our Chevron Oronite China team for their dedication to the Ningbo facility and continued advancement of their organizational capabilities” said Keng Yang Lim, general manager, Manufacturing and Supply Chain, Asia-Pacific Region, Chevron Oronite. “With their learnings from the successful construction, start-up, and operations of the Ningbo plant, I am confident that the project team has a strong foundation to build on for this expansion that will help ensure the project is executed safely and reliably.”

About Chevron Oronite

Chevron Oronite is a leading developer, manufacturer and marketer of fuel and lubricant additives, helping provide solutions to customers globally. Headquartered in San Ramon, California (USA), Chevron Oronite maintains regional offices in Houston (Americas Region), Paris (Europe-Africa-Middle East Region), and Singapore (Asia-Pacific Region); operates manufacturing sites in Belle Chasse, Louisiana (USA), Gonfreville (France), Singapore, Ningbo (China) and Mauá (Brazil); an affiliated blending and shipping plant in Omaezaki, Japan; technology centers in the USA, France, the Netherlands, Japan and China and has interests in additive companies operating in other locations, including India.  Learn more about Chevron Oronite at www.oronite.com.

Chevron Oronite is comprised of numerous affiliates that are indirect, wholly-owned subsidiaries of Chevron Corporation. For simplicity in this news release, the terms “Chevron Oronite” and/or “Oronite” are used as abbreviated references to Chevron Corporation affiliates that are part of the Chevron Oronite business unit. Nothing in this document is intended to override or supersede the corporate separateness of these entities.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our traditional oil and gas business, lower the carbon intensity of our operations and grow new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets and other emerging technologies. More information about Chevron is available at www.chevron.com.