Iconic sources raw materials, primarily base oils, from local refineries and imports to manufacture lubricants. Base oils are classified into groups I through V based on their properties and are transported via pipelines, vessels, or trucks. In 2023, Iconic entered into a contract with Chevron to become the official distributor of Chevron's premium base oils in Brazil, establishing a dedicated division named Iconic Base Oil. Chevron exclusively supplies group II and group III base oils for this distribution. Iconic outsources the collection and re-refining of used lubricant oil to a third-party company.
Iconic operates two production plants in Brazil: one in Duque de Caxias, Rio de Janeiro, with a capacity of 500 million liters per year for lubricants, and another in Osasco, São Paulo, with a capacity of 37 million liters per year for greases and coolants. The company's base oil depot is located in São Cristóvão, Rio de Janeiro, connected to the port by pipelines, with a total storage capacity of 51,300 cubic meters across its facilities. Iconic has invested in consolidating its production units and enhancing capacity, safety, and port infrastructure to accommodate larger ships and reduce logistics costs.
Chevron is identified as a supplier in company filings.
Ultrapar Holdings Inc's Comment on Supply Chain
Iconic sources raw materials, primarily base oils, from local refineries and imports to manufacture lubricants. Base oils are classified into groups I through V based on their properties and are transported via pipelines, vessels, or trucks. In 2023, Iconic entered into a contract with Chevron to become the official distributor of Chevron's premium base oils in Brazil, establishing a dedicated division named Iconic Base Oil. Chevron exclusively supplies group II and group III base oils for this distribution. Iconic outsources the collection and re-refining of used lubricant oil to a third-party company.
Iconic operates two production plants in Brazil: one in Duque de Caxias, Rio de Janeiro, with a capacity of 500 million liters per year for lubricants, and another in Osasco, São Paulo, with a capacity of 37 million liters per year for greases and coolants. The company's base oil depot is located in São Cristóvão, Rio de Janeiro, connected to the port by pipelines, with a total storage capacity of 51,300 cubic meters across its facilities. Iconic has invested in consolidating its production units and enhancing capacity, safety, and port infrastructure to accommodate larger ships and reduce logistics costs.
Chevron is identified as a supplier in company filings.
Sources:
Ultrapar Holdings Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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