Aug 26 (Reuters) - Top U.S. energy producer Exxon Mobil ( XOM )
said on Tuesday it has made a final investment decision
to reconfigure its Baytown, Texas, complex to increase
production of diesel and base stocks.
Baytown, one of the company's largest integrated refining
and petrochemical complexes, has been central to its U.S.
operations for decades.
Exxon did not disclose the size of the investment, but said
it would allow the company to expand its product offerings to
include Group III base stocks, the key building blocks for
premium lubricants.
The company said it would produce about 8,000 barrels per
day of Group III from the Baytown complex following the
completion of the restructuring.
It is expected to start up in 2028, the company said, adding
it will also evaluate similar reconfigurations at other U.S.
Gulf Coast sites.
The Baytown move would make Exxon the only supplier to offer
the full range of Group I to V base stocks.
Base stocks refer to highly refined mineral oils, which
undergo processes to achieve greater molecular uniformity and
stability.