Motiva Enterprises has announced that it has executed a long-term supply agreement with Aramco base oil affiliate S-Oil Corp. that will more than double Motiva’s current offer for Group III base oil in North America.
Per the agreement, Motiva will assume all North American marketing, sales, and distribution of Group III base oils produced by S-Oil (based in Onsan, South Korea). Phillips 66 was previously the exclusive distributor for S-Oil ULTRA-S Group III base oils in North America.
Motiva Base Oils Director, Colleen Murphy-Smith, said the new supply agreement represents a huge milestone for Motiva.
“The agreement solidifies Motiva as the face of Aramco base oils sales in the Americas, advancing a brand strategy that all Aramco-produced base oils are marketed exclusively by affiliates,” said Murphy-Smith. “The deal enhances Motiva’s existing product portfolio and allows us to offer our customers even greater value.”
S-Oil is one of the largest Group III base oil producers in the world. Motiva will market the S-Oil products under the aramcoULTRA brand name.
Aramco affiliates Motiva, S-Oil, and Luberef have been part of the Aramco Base Oils Global Alliance since 2019. Products are marketed under one brand to strengthen global reach and maximise opportunities to serve both existing and gain new customers. Combined, the Alliance boasts a 14% market share, selling one in every seven barrels of base oils around the globe.
Read the article online at: https://www.hydrocarbonengineering.com/refining/18062021/motiva-announces-base-oil-supply-agreement-with-s-oil/