Neste Oil and Abu Dhabi National Oil Company (ADNOC) announced in February 2011 that they have entered into a partnership concerning VHVI (very high viscosity index) base oils. Along with the co-operation, 600,000 metric tons per annum of NEXBASE® base oil is expected to be brought onto the market at the end of 2013. Takreer, a subsidiary of ADNOC, will supply the feedstock as well as operate and maintain the plant while Neste Oil will be responsible for the sales and marketing of the base oil on behalf of ADNOC.
The plant will have an annual capacity of 500,000 metric tons of Group III base oil to be used in blending top-tier lubricants, as well as 100,000 metric tons of Group II base oil. The output of the plant is flexible and consists of high-quality base oils with viscosity grades from 2cSt up to 6cSt.