2021 10 15 PARATONE PRODUCT MG Customer Deck - GLOBAL [PDF]

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PARATONE® Building on over 50 years of innovation Delivering high-performance viscosity modifiers 1

© 2021 2021 Chevron Chevron

Contents 1. PARATONE® overview & history 2. Enhanced OCP technology 3. Performance data – 8900E / 24EX

4. Product portfolio 5. Customer solutions – Customer testimonial – Packaging options

Disclaimer: NO REPRESENTATION OR WARRANTY OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, IS OR WILL BE GIVEN BY ORONITE OR ITS RESPECTIVE DIRECTORS, PARTNERS, EMPLOYEES OR ADVISERS OR ANY OTHER REPRESENTATIVE AS TO THE ACCURACY, COMPLETENESS OR FAIRNESS OF THE INFORMATION CONTAINED IN THIS DOCUMENT AND, SO FAR AS PERMITTED BY LAW AND EXCEPT IN THE CASE OF FRAUD BY THE PARTY CONCERNED, NO RESPONSIBILITY OR LIABILITY WHATSOEVER IS ACCEPTED FOR THE ACCURACY OR SUFFICIENCY THEREOF OR FOR ANY ERRORS, OMISSIONS, MISSTATEMENTS OR ERRORS OF JUDGMENT, NEGLIGENT OR OTHERWISE, RELATING THERETO OR CONTAINED HEREIN. The information has been prepared to provide interested parties with a general product and dissolving overview and is not meant to be all-inclusive or to be used as a technical guideline. By your acceptance hereof, you agree that neither you nor your agents, representatives, directors or employees will copy, reproduce or distribute to others the information contained herein, in whole or in part, at any time without the prior written consent of Oronite and that you will keep permanently confidential all information contained herein not already in the public domain.

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Oronite product lines Complete portfolio of high performance additives

Chemical and components

Automotive engine oil additives Passenger car and heavy duty diesel

Industrial engine oil additives Railroad and natural gas engine oils

PARATONE® viscosity modifiers

Transportation, hydraulic, gear, and other fluid additives

Fuel Additives

Marine lubricant additives

Small engine oil additives

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© 2021 Chevron

Building on over 50 years of viscosity modifier innovation PARATONE® history The PARATONE® product line is an industry leader with a VM heritage

Major innovations in OCP technology to provide “best of competition” performance features

30’s

70’s

1970 – Created the first Olefin Copolymer (OCP) VM

80’s 90’s

10’s

2014 – Oronite launched new HE OCP flagship, PARATONE® 8900E

1998 – Oronite acquired the PARATONE® business 2018 – Launched PARATONE® 8935E

20’s

Oronite continues to develop enhanced low temperature performance, high thickening efficiency, and extended shear stability VM products 4

© 2021 Chevron

Our commitment to you

Exceptional reliability

Enduring relationships

Innovative technology

We have an unwavering focus on operational excellence with a commitment to supply quality products safely and reliably, on time, every time.

We are committed to long-term collaborative relationships built on trust, integrity and flexibility that help our customers win.

We leverage our expertise, insights, and strategic position to develop trusted technical solutions that create value.

Focus on Operational Excellence

Strategically aligned

Anticipating market needs

Insights to create value

Technical excellence

Highest integrity

Chevron Resources

Reliable global supply

Consistent product quality

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PARATONE® manufacturing and warehousing

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Dedicated and integrated VM team

VM research team

Alan Chiu Research Technician

Jennifer Newell Global Segment Manager, VM

David Morgan Technical Team Leader

Manuel Lee Research Technician

Yann Martigny Research Technician

Maryam Sepehr Senior Research Scientist

Che Yih Lim Research & Manufacturing Support Engineer

Ryan Nevis Research Technician

Sara Zhang Senior Research Scientist

Integrated VM technical services, product development, and various product line technical teams provides exceptional and responsive customer support: New product introduction and product transitions

Consulting on dissolving procedures to optimize production and increase quality/reliability

Rapid responses to any product questions and new business opportunities 7

© 2021 Chevron

PARATONE® product portfolio

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© 2021 Chevron

World-class product line PARATONE® viscosity modifiers have a long history of proven performance for use in passenger car motor oil and heavy duty engine oil as well as many other applications. Our portfolio is continuously improving to meet market performance needs, as demonstrated by the introduction of our enhanced PARATONE® 8900E and 8935E polymers. All PARATONE® VM’s are available in pre-dissolved liquid concentrate form, or in solid polymer form for customers who prefer to self dissolve.

SSI*

PARATONE® polymer

24

8900E

35

8935E

50

8941

PARATONE® concentrate 24EX 8071E 8004E 68273 35EX 8475

Base oil group II III II, PPD** IV II I

68530

II

*Shear Stability Index, percentage, **Contains Pour Point Depressant

Your business requires product consistency, a reliable supply, and flexibility. Oronite offers a range of PARATONE® viscosity modifiers to meet your needs. 9

© 2021 Chevron

PARATONE® OCP product portfolio 2020 Regional supply source points ®

SSI

PARATONE Solid Polymer and Type

Polymer Packaging

PARATONE® Concentrates

24EX

AMR EAME APR Japan India

x

8004E 24

8900E (Enhanced High Ethylene)

x x

x x

x

x

50

8935E (Enhanced High Ethylene)

25 Kg dissolvable bags of pellets

8921 (Low Ethylene)

34 Kg bales

8921A (Low Ethylene)

34 Kg bales

68273

x

35EX

x

x

x

34 Kg bales

68530

x

Group I Group II

x

8475

Group II Group I

x

8451 8941 (High Ethylene)

x

x

718 67530

Group I Group IV

x

715A

Group II Group III

68210E

35

Group II

x

8059 8071E

Group II Group II w/ PPD

8057E 25 Kg dissolvable bags of pellets

x

Base Oil

x x

Group I Group I Group II

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Enhanced OCP technology: Not all OCPs are the same

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Mastering molecules with enhanced OCP technology

Oronite’s ‘Enhanced’ Olefin Co-polymer (OCP) technology is based on advanced polymer manufacturing processes delivering cost-effective VMs with superior performance

Ethylene distribution engineered to deliver robust low-temperature performance

High ethylene provides high thickening efficiency Linear structure resists multiple chain breakage and maintains extended shear stability 12

© 2021 Chevron

Metallocene advantage Conventional, Ziegler-Natta • Catalyst water wash required • Steam stripping / mechanical devolatilization • Product in bale form only

Metallocene • Energy efficient • Catalyst water wash/removal not required • Direct devolatilization • On-line pelletization • Narrower molecular weight & composition distribution for improved thickening • More amendable to molecular engineering

‘Enhanced’ polymers are made with metallocene catalyst and process 13

© 2021 Chevron

PARATONE® 8900E & 8935E Cold temperature • Excellent pour point, fresh and aged oil MRV performance • Exceeds stringent China GB and Korea M2121 pour point specification limits • Global and regional PPD flexibility at low PPD treat rates

Shear stability • Excellent shear stability to support extended drain intervals

Meets low temperature specifications with PPD flexibility

extended drain intervals

Specifically designed for low temperature performance

Linear, shear stable polymers maintain viscosity

Proven Performance

Blending and handling • Available in pellet form with dissolvable bags or liquid concentrate (PARATONE® 24EX & 35EX) • Pellet form offers easier dissolution for potential time and energy savings

Enables

Fast dissolving

Minimize polymer use

pellet stable polymers

for deposit control

Helps reduce blend time

High ethylene for maximum thickening power

Thickening efficiency • Optimized TE without sacrificing cold temperature performance • Proven minimal deposit formation in industry engine tests

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© 2021 Chevron

PARATONE® 8900E Engineered with precision Enhanced low-temperature performance High thickening efficiency

Excellent shear stability Improved form and handling

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Low-temperature performance design

Superior low temperature performance demonstrated through the following tests: Pour Point MRV ROBO / CEC L-105 Engine Testing

Capability with a range of PPDs to allow for flexibility Enhanced low-temperature performance © 2021 Chevron

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Robust Low-temperature Performance CEC-L105, 72 hrs MRV@SAE SAE 5W-40, 0.3 wt% PPD

MRV (-35oC) Viscosity, cP

45000

30000

15000

0 PARATONE® 8900E PPD-1

Competitive LE OCP PPD-2

PPD-3

PPD-4

PPD-5

Competitive HSI Star PPD-6

Formulating flexibility with multiple PPDs Enhanced low-temperature performance © 2021 Chevron

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Robust Low-temperature Performance CEC-L105, 72 hrs MRV@SAE SAE 5W-40, 0.3 wt% PPD 400,000

ACEA 2012 Max

60000

MRV (-35oC) Viscosity, cP

YS