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Ground Breaking Ceremony for New Lucant™ Plant

News Release

CLEVELAND and TOKYO – April 29, 2019 – Mitsui Chemicals, held a groundbreaking ceremony for a new plant within the Ichihara Works of Mitsui Chemicals, Inc. (Ichihara City, Chiba, Japan) to manufacture Lucanthydrocarbon-based synthetic fluid.

 

Lucant™ is a high performance, hydrocarbon-based, specialty synthetic fluid used primarily as a viscosity modifier. It is used in the most demanding applications including automotive driveline fluids, industrial lubricants and greases, and it is the approved choice for leading OEMs and global oil marketers. Mitsui Chemicals was the first manufacturer to offer this unique synthetic fluid, which boasts industry leading efficiency and durability.

 

"This investment in additional Lucant™ capacity will allow Mitsui Chemicals and the Lubrizol Additives business to meet the evolving and demanding needs of lubricant market," says Tom Curtis, President, Lubrizol Additives.

 

Outline of the New Facility

Product

Hydrocarbon-based synthetic oil

Brand Name

LUCANT™

Location

Ichihara Works of Mitsui Chemicals

Schedule

Commercial Operation: February 2021

 

 

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About The Lubrizol Corporation

 

The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

 

With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2018 were $6.8 billion. For more information, visit Lubrizol.com.

 

About Mitsui Chemicals (Tokyo: 4183, ISIN: JP3888300005)


Mitsui Chemicals' roots can be traced back to 1912 when it began producing raw material for chemical fertilizers from coal gas byproducts, the first company in Japan to do so. This undertaking significantly contributed to increasing agricultural productivity, a major social issue at the time. Later, the company evolved its technology from coal chemicals to gas chemicals, and in 1958 it built Japan's first petrochemical complex. Mitsui Chemicals will continue to solve social challenges in the Mobility, Health Care, and Food & Packaging domains by "Creating New Customer Value through Innovation". For more information, visit mitsuichem.com.

 

Media Contact for The Lubrizol Corporation

Ben Sabol

ben.sabol@lubrizol.com

Manager, Brand and Communications

Website: www.lubrizol.com

 

Media Contact for Mitsui Chemicals, Inc.

Takashi Kawamoto

takashi.kawamoto@mitsuichemicals.com

Manager, Corporate Communications Div.

Website: www.mitsuichemicals.com