The upgrades to the oil refinery include improvements to the refinery’s crude distillation unit, modifications to its base oil hydrotreaters, and an expansion of its terminal tank farm to support new product offerings.
Ergon Refining president Don Davis said: "These investments will allow Ergon to further diversify its product portfolio.
"Specifically, it will allow Ergon to produce innovative, next generation low aromatic products and high quality Brightstocks."
Ergon Refining chairman Leslie Lampton said: "This investment in our specialty naphthenic oil refinery is part of our continual effort to fulfill customers’ needs today and into the future."
The investment will complement the company’s current product offerings as well as provide capability to process expanded range of crude oils from across the globe.
Additionally, the upgraded project will optimize capabilities installed during Ergon’s $250m expansion in 2009, the company said.
Over the past decade, about $600m was invested by Ergon into its specialty base oil refineries in Vicksburg, Mississippi, and Newell, West Virginia, US.
The company aims to increase its global distribution footprint with terminals in Europe, Latin America, the Middle East, Africa, and Asia.
