YPF sold a lubricant plant that it owns in Brazil to the local company Usichemistrywhich has more than 80 years of experience in the production and marketing of chemical products.
The factory is located in Diadema municipality in the industrial region called ABC del Gran Saint Paul17 km from the center of that city.
When justifying the sale, the president and CEO of YPF, Horacio Marinhad said that his “4×4 plan” to quadruple the value of the oil company in four years including getting rid of economic units that do not generate sufficient income. And in this case, Marín had assured that the lubricants of YPF Brazil They were a business 1 million dollars a yearwith 300 employees and a market share close to 2% in the neighboring country. “It is not justified, we are going to focus operations in Vaca Muerta”the CEO had stated.
As detailed YPF In a press release sent to Energy Reportthe sale was completed for 100% of its shareholding in “YPF BRASIL COMÉRCIO DE DERIVADOS DE PETRÓLEO LTDA”, although they highlighted that the agreement includes the terms and conditions for the execution of a license agreement for the use of the brands of lubricants YPFso the presence of YPF products in Brazil will be maintained.
YPF Brazil Lubricants
YPF Brazil It was founded in 1998 and since 2015 it had its own lubricants plant, which has a historical production capacity of 48,000 cubic meters per year.
In its portfolio it has a complete line of automotive lubricants under the ELAION brand, EXTRAVIDA heavy vehicles, as well as greases and functional fluids.
But YPF Brazil also has a line of chemicals and products dedicated to agriculture. Through its distributors and resellers, YPF has distribution throughout Brazil.
YPF Brazil Lubricants
YPF He clarified that this sale decision “is part of the continuous portfolio review process, with the objective of achieving greater focus and profitability.”
Likewise, and with the aim of strengthening its position in the field of new energies, the company’s board of directors decided to create a new vice presidency which will focus on developing a strategic plan for the next decade.
“In this new approach, companies such as YPF Luz, Mega and Profertil will play a fundamental role in the future energy transition,” he indicated in the statement.
“This decision reaffirms the commitment to optimizing its business structure and generating sustainable value in the context of constant transformation of the energy sector,” he remarked.
YPF Solar Park Light
Fairly YPF Light In the last few hours, he received an unexpected Christmas gift: the committee of experts and advisors of the Ministry of Economy approved his proposal to enter the Incentive Regime for Large Investments (RIGI) for his El Quemado solar park in Mendoza. It is a 305 MW photovoltaic park in the town of Las Heraswhich will involve an investment of US$211 million.
He El Quemado project It was originally developed by Emesa in four stages of 100 MW each. Emesa has been constantly working on the development of energy projects, attracting private investments to the province of Mendoza. According to what the company said, it is planned that comes into operation in the first half of 2026.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
