Brace,
Maybe "announced" was the wrong word, since that term is commonly used for press releases.
My information comes from a paper in Lubrication Engineering, June 2002, pp. 29-33, by Wei Song, et. al.,"New High Performance Synthetic Hydrocarbon Base Stocks."
Since I am fairly new to this Great Talkgroup,
I later realized it was also mentioned in a prior
post by the Pennzoil guy, maybe on the old list.
I think he said Shell had also purchased the rights to the process (since since the paper says three patents had already been filed by Pennzoil).
The author's discuss the linear alpha olifin makeup of PAO's and then discuss the engineering makeup of this "Ethylene-alpha-Olefin Polymer," which they term, "EOP." The paper goes on to say that the process creates a fluid that is cheaper to produce than PAO's. It is composed of approximately 72% Ethylene, 28% Propylene, and 3% Butene, depending on the viscosity, VI, and Pour Point.
Theoretically, the end product is of a more uniform structure than PAO's.
In the paper, the authors neglected to show a chart which is supposed to show that the EOP fluid has "...comparitive oxidative stability with its PAO counterpart and was much better than the Group -III base oil." DUHH?
I would hope they would get away from Group III and use this stuff, assuming it pans out in future engine tests.
I doubt they are using it in current motor oils.