Neste sells its base oil business to Chevron

11.11.2021 News
Neste sells its base oil business to Chevron

On October 4th 2021 an independent base oil supplier Neste from Finland announced the sale of its base oil business to Chevron Global Energy Inc. Neste is one the world’s biggest Group III producers that has a refinery in Porvoo with a capacity of 250’000 tons per year. Chevron Corporation is one of the world’s leading integrated energy companies. According to Neste’s press release, the transition is expected to be smooth for all the parties. 

“I want to thank our people in the base oils business who have been known for their pioneering spirit throughout the years. They have built the foundation for Neste to become one of the world’s leading producers of Group III base oils, and we can be extremely proud of that. Chevron being a leading manufacturer of base oil products is therefore an excellent company to nurture and develop the NEXBASE base oils business further,” says Neste’s President and CEO Peter Vanacker. 

DYM Resources has been Neste’s partner for the last few years, buying Group III base oils from them. Other than that, DYM Resources has strong business relationships with 30+ refineries globally and supplies base oils to more than 20 countries worldwide. The company offers flexible payment terms, timely deliveries, and competitive prices. To order Group III base oils please send your request including grade, quantity, and destination to info@dymresources.com

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