WO2009080679A1

WO2009080679A1 - Process to prepare a gas oil and a base oil

Info

Publication number: WO2009080679A1
Application number: PCT/EP2008/067817
Authority: WO
Inventors: David Matthew Atkin; Gerard Benard; Gilbert Robert Bernard Germaine
Original assignee: Shell Internationale Research Maatschappij B.V.
Priority date: 2007-12-20
Filing date: 2008-12-18
Publication date: 2009-07-02

Abstract

Process to prepare a gas oil and an base oil from a Fischer-Tropsch derived feedstock by (a) subjecting the feedstock to a hydroprocessing step to obtain a hydroprocessed feedstock; (b) separating the hydroprocessed feedstock by means of distillation into at least a gas oil fraction and a residual fraction; (c) reducing the pour point of the residual fraction by means of catalytic dewaxing to obtain dewaxed fraction, (d) separating the dewaxed fraction by means of distillation into at least a base oil fraction and a residual base oil; and (e) recycling the base oil fraction to step (a).

Description

PROCESS TO PREPARE A GAS OIL AND A BASE OIL

The invention is directed to a process to prepare a gas oil and a base oil.

Such a process is for example known from

WO-A-2002070627. This publication describes a process to prepare two or more base oil grades and a gas oil by hydroisomerisating a Fischer-Tropsch product, followed by a separation step to obtain one or more gas oil fractions and a base oil precursor fraction, which base oil fraction is dewaxed and separated again. A disadvantage of the process is that the quality and the quantity of the gas oil can be improved.

An object of the present invention is to provide a process, which can prepare at least gas oil and a base oil. It is a further object of the invention to increase the quality of liquid fuel components. Another object is to produce one base oil only, more specifically a heavy residual base oil.

This has been achieved by a process to prepare a gas oil and an base oil from a Fischer-Tropsch derived feedstock by

(a) subjecting the feedstock to a hydroprocessing step to obtain a hydroprocessed feedstock;

(b) separating the hydroprocessed feedstock by means of distillation into at least a gas oil fraction and a residual fraction;

(c) reducing the pour point of the residual fraction by means of catalytic dewaxing to obtain dewaxed fraction,

(d) separating the dewaxed fraction by means of distillation into at least a base oil fraction and a residual base oil; and

(e) recycling the base oil fraction to step (a) . Applicants have found that with the process according to the invention a highly saturated base oil containing almost no sulphur and having a high viscosity index can be prepared. Furthermore a gas oil is prepared, that has improved quality of liquid fuels components, using this process. Also the amount of gas oil has improved.

The Fischer-Tropsch derived feedstock is a feedstock produced in a Fischer-Tropsch condensation process. The Fischer-Tropsch condensation process is a reaction that converts carbon monoxide and hydrogen into longer chain, usually paraffinic, hydrocarbons: n(CO + 2H₂) = (-CH₂-)_n + ^nH2° + heat, in the presence of an appropriate catalyst and typically at elevated temperatures (e.g., 125 to 300 °C, preferably 175 to 250 "C) and/or pressures (e.g., 5 to 100 bar, preferably 12 to 50 bar) . Other hydrogen to carbon monoxide ratios than 2:1 may be employed if desired. The carbon monoxide and hydrogen may themselves be derived from organic or inorganic, natural or synthetic sources, typically either from natural gas or from organically derived methane, or from coal, coal bed methane, oil sands, shale oil deposits, biomass and similar sources. In general the gases which are converted into liquid fuel components using Fischer-Tropsch processes can include natural gas (methane), LPG (e.g., propane or butane),

"condensates" such as ethane, synthesis gas (CO/hydrogen) and gaseous products derived from coal, biomass and other hydrocarbons .

The Fischer-Tropsch derived feedstock has preferably an initial boiling point of below 400 ⁰C and a final boiling point of above 600 ⁰C. Preferably, the fraction boiling above 540 ⁰C in the feedstock to step (a) is at least 20 wt%. The hydrocracking/hydroisomerisation reaction of step (a) is preferably performed in the presence of hydrogen and a catalyst, known to one skilled in the art as being suitable for this reaction. Catalysts for use in step (a) typically comprise an acidic functionality and a hydrogenation/dehydrogenation functionality. Preferred acidic functionalities are refractory metal oxide carriers . Suitable carrier materials include silica, alumina, silica-alumina, zirconia, titania and mixtures thereof. Preferred carrier materials for inclusion in the catalyst for use in the process of this invention are silica, alumina and silica-alumina. A particularly preferred catalyst comprises platinum supported on a silica-alumina carrier. If desired, applying a halogen moiety, in particular fluorine, or a phosphorous moiety to the carrier, may enhance the acidity of the catalyst carrier .

Preferred hydrogenation/dehydrogenation functionalities are Group VIII noble metals, for example palladium and more preferably platinum. The catalyst may comprise the hydrogenation/dehydrogenation active component in an amount of from 0.005 to 5 parts by weight, preferably from 0.02 to 2 parts by weight, per 100 parts by weight of carrier material. A particularly preferred catalyst for use in the hydroconversion stage comprises platinum in an amount in the range of from 0.05 to 2 parts by weight, more preferably from 0.1 to 1 parts by weight, per 100 parts by weight of carrier material. The catalyst may also comprise a binder to enhance the strength of the catalyst. The binder can be non-acidic.

Examples are clays and other binders known to one skilled in the art. Examples of suitable hydrocracking/hydro- isomerisation processes and suitable catalysts are described in WO-A-0014179, EP-A-532118, EP-A-666894 and the earlier referred to EP-A-776959.

The hydrocracking/hydroisomerisation reaction of step (a) is performed at elevated temperature and pressure. The temperatures typically will be in the range of from 175 to 380 ⁰C, preferably higher than 250 ⁰C and more preferably from 300 to 370 ⁰C. The pressure will typically be in the range of from 10 to 250 bara and preferably between 20 and 80 bara. Hydrogen may be supplied at a gas hourly space velocity of from 100 to 10000 Nl/l/hr, preferably from 500 to 5000 Nl/l/hr. The hydrocarbon feed may be provided at a weight hourly space velocity of from 0.1 to 5 kg/l/hr, preferably higher than 0.5 kg/l/hr and more preferably lower than 2 kg/l/hr. The ratio of hydrogen to hydrocarbon feed may range from 100 to 5000 Nl/kg and is preferably from 250 to 2500 Nl/kg. The conversion in step (a) is defined as the weight percentage of the feed boiling above 370 ⁰C which reacts per pass to a fraction boiling below 370 ⁰C, is at least 20 wt%, preferably at least 25 wt%, but preferably not more than 80 wt%, more preferably not more than 70 wt%. The feed as used above in the definition is the total hydrocarbon feed fed to step (a), including for example any recycle streams. The hydrocracked and partially isomerised feedstock obtained in step (a) is also referred to as waxy raffinate. The waxy raffinate preferably has a relatively low pour point of below 40 ⁰C, more preferably below 35 ⁰C and even more preferably below 30 ⁰C. The waxy raffinate preferably has a Tlθwt% boiling point of between 200 and 450 ⁰C and preferably between 300 and 420 ⁰C. The waxy raffinate may comprise the entire residual fraction of the atmospheric distillation. The waxy raffinate may have a T98wt% recovery point of greater than 600 ⁰C.

In step (b) the feed is separated by means of distillation into at least a gas oil fraction and a residual fraction. The distillation may be performed in one or more steps. The first step may be at atmospheric conditions, followed for example by a vacuum distillation. The distillation is suitably performed at low (vacuum) pressures, more preferably the vacuum distillation is performed at a pressure of between 0.01 and 0.1 bara. Preferably the effective cutpoint temperature in step (b) at which the gas oil fraction and the residual fraction are separated is between 300 and 400 ⁰C and more preferably between 320 and 370 ⁰C. The gas oil fraction will usually contain a majority

(for instance 95 vol % or greater) of components having boiling points within the typical diesel fuel ("gas oil") range, i.e., from about 150 to 400 °C or from 170 to 370 ¹C. It will suitably have a 90 vol % distillation temperature of from 300 to 370 °C. The gas oil will typically have a density (IP-365/97) from 0.76 to 0.79 g/cm3 at 15 °C; a cetane number (ASTM D-613) greater than 70, suitably from 74 to 85; a VK 40 (ASTM D-445) from 2 to 4.5, preferably from 2.5 to 4.0, more preferably from 2.9 to 3.7, centistokes; and a sulphur content (ASTM D-2622) of 5 mg/kg or less, preferably of 2 mg/kg or less .

The gas oil will suitably have a flash point (ASTM D-92) of 100 ⁰C or higher, preferably 110 ⁰C or higher, for example from 110 to 120 ⁰C.

In step (c) the pour point of the residual fraction is reduced by means of catalytic dewaxing to obtain dewaxed fraction. The catalytic dewaxing process may be any process wherein in the presence of a catalyst and hydrogen the pour point of residual fraction is reduced. Suitable dewaxing catalysts are heterogeneous catalysts comprising a molecular sieve and optionally in combination with a metal having a hydrogenation function, such as the Group VIII metals. Molecular sieves, and more suitably intermediate pore size zeolites, have shown a good catalytic ability to reduce the pour point of the base oil precursor fraction under catalytic dewaxing conditions. Preferably the intermediate pore size zeolites have a pore diameter of between 0.35 and 0.8 nm. Suitable intermediate pore size zeolites are mordenite, ZSM-5, ZSM-12, ZSM-22, ZSM-23, SSZ-32, ZSM-35 and ZSM-48. Another preferred group of molecular sieves are the silica-aluminaphosphate (SAPO) materials of which SAPO-Il is most preferred as for example described in US-A-4859311. ZSM-5 may optionally be used in its HZSM-5 form in the absence of any Group VIII metal. The other molecular sieves are preferably used in combination with an added Group VIII metal. Suitable Group VIII metals are nickel, cobalt, platinum and palladium. Examples of possible combinations are Pt/ZSM-35, Ni/ZSM-5, Pt/ZSM-23, Pd/ZSM-23, Pt/ZSM-48 and Pt/ SAPO-Il. Further details and examples of suitable molecular sieves and dewaxing conditions are for example described in WO-A-9718278, US-A-4343692, US-A-5053373, US-A-5252527 and US-A-4574043.

The dewaxing catalyst suitably also comprises a binder. The binder can be a synthetic or naturally occurring (inorganic) substance, for example clay, silica and/or metal oxides. Natural occurring clays are for example the montmorillonite and kaolin families. The binder is preferably a porous binder material, for example a refractory oxide of which examples are: alumina, silica-alumina, silica-magnesia, silica- zirconia, silica-thoria, silica-beryllia, silica-titania as well as ternary compositions for example silica- alumina-thoria, silica-alumina-zirconia, silica-alumina- magnesia and silica-magnesia-zirconia . More preferably a low acidity refractory oxide binder material, which is essentially free of alumina, is used. Examples of these binder materials are silica, zirconia, titanium dioxide, germanium dioxide, boria and mixtures of two or more of these of which examples are listed above. The most preferred binder is silica.

A preferred class of dewaxing catalysts comprise intermediate zeolite crystallites as described above and a low acidity refractory oxide binder material which is essentially free of alumina as described above, wherein the surface of the aluminosilicate zeolite crystallites has been modified by subjecting the aluminosilicate zeolite crystallites to a surface dealumination treatment. A preferred dealumination treatment is by contacting an extrudate of the binder and the zeolite with an aqueous solution of a fluorosilicate salt as described in for example US-A-5157191 or WO-A-0029511. Examples of suitable dewaxing catalysts as described above are silica bound and dealuminated Pt/ZSM-5, silica bound and dealuminated Pt/ZSM-23, silica bound and dealuminated Pt/ZSM-12, silica bound and dealuminated Pt/ZSM-22, as for example described in WO-A-0029511 and EP-B-832171. More preferably the molecular sieve is a MTW,

MTT or TON type molecular sieve or ZSM-48, of which examples are described above, the Group VIII metal is platinum or palladium and the binder is silica. Preferably the catalytic dewaxing of the residual fraction is performed in the presence of a catalyst as described above wherein the zeolite has at least one channel with pores formed by 12-member rings containing 12 oxygen atoms. Preferred zeolites having 12-member rings are of the MOR type, MTW type, FAU type, or of the BEA type (according to the framework type code) . Preferably a MTW type, for example Z SM-I 2, zeolite is used. A preferred MTW type zeolite containing catalyst also comprises platinum or palladium metal as Group VIII metal and a silica binder. More preferably the catalyst is a silica bound AHS treated Pt /Z SM-I 2 containing catalyst as described above. These 12-member ring type zeolite based catalysts are preferred because they have been found to be suitable to convert waxy paraffinic compounds to less waxy iso-paraff inic compounds. More preferably the above described catalyst comprising the 12-member ring zeolite is used in a first hydroconversion step to lower the pour point of the base oil precursor to a intermediate value between the pour point of the feed and the pour point of the final base oil. More preferably the pour point of the intermediate product is between -10 to +10 ⁰C. The process conditions of such a first step may be suitably the catalytic dewaxing conditions as described below. This first hydroconversion step is followed by a final dewaxing step wherein preferably a catalyst is used which comprises a zeolite having at least one channel with pores formed by 10-member rings containing 10 oxygen atoms. Suitably as 10-member ring zeolites one of the following list comprising a TON type, MFI type, MTT type or FER type is used. The specific catalyst may be one as disclosed above which are according to these zeolite types. A preferred 10-member ring zeolite containing catalyst will also comprise platinum or palladium metal as Group VIII metal and a silica binder. More preferably the catalyst is a silica bound AHS treated Pt/ZSM-5 or a silica bound AHS treated Pt/ZSM-23 containing catalyst as described above.

Applicants have found that the two-step process as described above for reducing the pour point may also be used in processes to prepare base oils having a pour point of suitably below -15 ⁰C, more preferably below -20 ⁰C, from a feedstock comprising between 30 and 100 wt% wax, preferably between 50 and 100 wt% wax. The wax content is defined as the wax content which is recovered by solvent dewaxing at -27 ⁰C in a standard methyl-ethylketone toluene mixture . Such a feedstock may be obtained in a Fischer-Tropsch process such as for example described above. Other suitable feedstocks are the residual fraction obtained in a fuels hydrocracker process or a (hydrotreated) slack wax . Catalytic dewaxing conditions are known in the art and typically involve operating temperatures in the range of from 200 to 500 ⁰C, suitably from 250 to 400 ⁰C, hydrogen pressures in the range of from 10 to 200 bar, preferably from 40 to 70 bar, weight hourly space velocities (WHSV) in the range of from 0.1 to 10 kg of oil per liter of catalyst per hour (kg/l/hr), suitably from 0.2 to 5 kg/l/hr, more suitably from 0.5 to 3 kg/l/hr and hydrogen to oil ratios in the range of from 100 to 2,000 liters of hydrogen per liter of oil. By varying the temperature between 275, suitably between 315 and 375 ⁰C at pressures of between 40-70 bars in the catalytic dewaxing step, it is possible to prepare base oils having different pour point specifications varying from suitably +10 ⁰C for the heavier grades to as far down to -60 ⁰C for the lighter grades. Preferably the total residual fraction obtained in step (b) is used in step (c) . In step (d) the dewaxed fraction is separated by means of distillation into at least a base oil fraction and a residual base oil. The distillation is suitably performed at low (vacuum) pressures, more preferably the vacuum distillation is performed at a pressure of between 0.01 and 0.1 bara. Preferably the effective cut temperature in step (d) at which the base oil fraction and the residual base oil are separated is between 450 and 600 ⁰C and more preferably between 500 and 540⁰C. Step (d) is preferably performed in one distillation column. Line-ups wherein two or more vacuum distillations columns are used could also be envisaged. Preferably the total base oil fraction is recycled to step (a) .

The base oil as obtained in step d) according to the process of the invention has preferably a kinematic viscosity at 100 ⁰C (VKlOO) of between 2 and 4 cSt

(mm^/s) as measured according to ASTM D-445. The residual base oil as obtained in step d) has preferably a kinematic viscosity at 100 ⁰C of above 7 cSt (7 mm^/s) as measured according to ASTM D-445. More preferably, the kinematic viscosity of the residual base oil of the invention at 100⁰C (VKlOO) is at least 10 cSt, yet more preferably at least 15 cSt, again more preferably at least 20 cSt as determined according to ASTM D-445.

In step (e) at least part of the base oil fraction is recycled to step (a) . Preferably more than 15 wt%, more preferably more than 30 wt%, even more preferably more than 40 wt%, even more preferably more than 50 wt% of the base oil fraction is recycled to step (a) . Preferably at most 90 wt%, more preferably at most 80 wt%, even more preferably at most 70 wt% of the base oil fraction is recycled to step (a) . In a preferred embodiment the whole base oil fraction is recycled to step (a) . The residual base oil as obtained in step d) according to the process of the invention contains preferably molecules having consecutive numbers of carbon atoms and preferably at least 95 wt% C30+ hydrocarbon molecules. More preferably, the base oil contains at least 75 wt% of C35+ hydrocarbon molecules.

"Cloud point" refers to the temperature at which a sample begins to develop a haze, as determined according to ASTM D-5773. The residual base oil typically has a cloud point between - 60⁰C and + 49°C. Preferably, the residual base oil has a cloud point between 30⁰C and - 55°C, more preferably between 10⁰C and - 50⁰C.

"Pour point" refers to the temperature at which a base oil sample will begin to flow under carefully controlled conditions. The pour points referred to herein were determined according to ASTM D 97-93.

Molecular weights were determined according to ASTM D-2503. Viscosity index (VI) was determined by using ASTM D-2270.

The residual base oil according to the subject invention preferably has a viscosity index of between 120-160. It preferably will contain no or very little sulphur and nitrogen containing compounds. This is typical for a product derived from a Fischer-Tropsch reaction, which uses synthesis gas containing almost no impurities. Preferably, the residual base oil comprises sulphur, nitrogen and metals in the form of hydrocarbon compounds containing in amounts of less than 50 ppmw, more preferably less than 20 ppmw, yet more preferably less than 10 ppmw. Most preferably it will comprise sulphur and nitrogen at levels generally below the detection limits, which are currently 5 ppm for sulphur and 1 ppm for nitrogen when using for instance by X-ray or Antek Nitrogen tests for determination. However, sulphur may be introduced through the use of sulphided hydrocracking/hydrodewaxing and/or sulphided catalytic dewaxing catalysts .

In a preferred embodiment of the current invention, the base oil or the residual base oil obtained in step (d) is added to the gas oil fraction obtained in step (b) . It is also possible to add a combination of the base oil and the residual base oil. In only small amounts, preferably less than 5 wt% of base oil added to the gas oil, more preferably less than 3 wt% base oil, even more preferably less than 2 wt% of base oil, the quality of liquid fuel components of the gas oil improves even further. The process as described above results in middle distillates having extremely good cold flow properties. For instance, the cloud point of any gas oil fraction is usually below -18 ⁰C, often even lower than -24 ⁰C. The CFPP is usually below -20 ⁰C, often -28 ⁰C or lower. The pour point is usually below -18 ⁰C, often below -24 ⁰C. The current invention is furthermore directed to the gas oil obtainable by the process of the current invention. The gas oil has a pour point of below -18 ⁰C, and a CFPP of below -20 ⁰C. This gas oil may be blended with a mineral gas oil to improve the quality of liquid fuel components of the mineral gas oil, as well as to lower the amount of sulphur in the mineral gas oil.

In the process of the present invention the amount of residual fraction obtained in step (b) and used as feed for step (c) is usually between 35 and 65 wt% based on fresh Fischer-Tropsch feedstock to step (a) , preferably between 40 and 60 wt%, more preferably between 45 and 55 wt%. The amount of residual base oil obtained in step (d) is usually between 20 and 40 wt% based on fresh Fischer-Tropsch feedstock to step (a), preferably between 25 and 35 wt% . The amount of base oil fraction obtained in step (d) and recycled to step (a) is usually between 5 and 15 wt% based on fresh Fischer-Tropsch feedstock to step (a) . Examples

Example 1 - Preparation of Fischer-Tropsch derived residual base oil and gas oil.

Fischer-Tropsch derived residual base oil, of use in fuel compositions according to the present invention, were prepared using the following methods, a) Preparation of the dewaxing catalyst

MTW Type zeolite crystallites were prepared as described in "Verified synthesis of zeolitic materials", Micropores and Mesopores Materials, volume 22 (1998), pages 644-645, using tetra ethyl ammonium bromide as the template. The scanning electron microscope (SEM) visually observed particle size showed ZSM-12 particles of between 1 and 10 μm. The average crystallite size as determined by XRD line broadening technique was 0.05 μm. The crystallites thus obtained were extruded with a silica binder (10 wt % of zeolite, 90 wt % of silica binder) . The extrudates were dried at 120 ⁰C. A solution of (NH4)2SiF6 (45 ml of 0.019 N solution per gram of zeolite crystallites) was poured onto the extrudates. The mixture was then heated at 100 ⁰C under reflux for 17 hours with gentle stirring above the extrudates. After filtration, the extrudates were washed twice with deionised water, dried for 2 hours at 120 ⁰C and then calcined for 2 hours at 480 ⁰C. The thus obtained extrudates were impregnated with an aqueous solution of platinum tetramine hydroxide followed by drying (2 hours at 120 ⁰C) and calcining (2 hours at 300 ⁰C) . The catalyst was activated by reduction of the platinum under a hydrogen rate of 100 1/hr at a temperature of 350 ⁰C for 2 hours. The resulting catalyst comprised 0.35 wt % Pt supported on the dealuminated, silica-bound MTW zeolite. b) The residual base oil as obtained in step b) having the properties listed in Table 2 below was contacted with the above described dewaxing catalyst. The dewaxing conditions were 40 bar hydrogen pressure, a weight hourly space velocity (WHSV) of 1 kg/l/h, a temperature of 331 ⁰C and a hydrogen gas feed rate of 500 Nl/kg.

Table 2

The dewaxed fraction was separated by distillation of the effluents of the dewaxing unit at least into a gas oil fraction, a base oil and a residual base oil, the properties of which are listed in Table 3. Table 3

Example 2

The following data was generated on a process line up according to the invention to calculate to calculate the product distribution as compared to a line up without the recycle as described in step e) using pilot plant data. The catalytic dewaxing conditions were : Temperature: 300 - 310⁰C WHSV: 0.5 tonne/m3/hr Pressure: 40 bar ppH2

The catalyst used is as described above in example 1. The resulting product distribution is given in table 4.

Table 4

The properties of the different gas oil fractions obtained in the normal line-up and in the line up according to the invention respectively, are given in Table 5.

Table 5

Example 3

A Fischer-Tropsch derived residual heavy base oil, BO-I, was blended with the Fischer-Tropsch derived gas oil Fl. The effect of the different base oil concentrations on the cold filter plugging points (CFPPs) of the blends was measured using the standard test method IP 309. For each blend, CFPPs were measured in duplicate, using two out of three different machines.

The heavy base oil was obtained by a process such as is described in Example 1 above. It had a kinematic viscosity of 19.00 centistokes at 100 ⁰C, a pour point of -30 ⁰C and a density of 834.1 kg/m3. It consisted almost entirely of iso-paraffins, with a high molecular weight and with an epsilon methylene carbon content of 16 %. The ratio of the % epsilon carbon content to the % carbon in iso-propyl groups was 6.98.

Fl was blended with different concentrations of the Fischer-Tropsch derived heavy base oil BO-I. The blends containing 1 and 2 wt % of the heavy base oil were both clear and bright in appearance, as was the base fuel Fl alone. The blend containing 3 wt % of the heavy base oil was very slightly hazy; further blends prepared using 4 and 5 wt % of the heavy base oil were also hazy or slightly hazy. The CFPPs of the different blends are shown in

Table 1.

Table 1

Table 1 shows the effect of the heavy base oil in reducing the CFPP of the overall fuel composition. The above results illustrate the utility of the present invention in formulating improved diesel fuel compositions. The invention may be used to improve the low temperature performance of a diesel fuel composition and/or to reduce the level of cold flow additives required in it. In addition, since Fischer-Tropsch derived fuel components are known to act as cetane improvers, the cetane number of the composition can be simultaneously increased, and greater fuel economy CVP can be obtained through the improved upper ring pack lubrication afforded by inclusion of the base oil, which will act inherently as a lubricating oil.

Claims

C L A I M S

1. Process to prepare a gas oil and a base oil from a Fischer-Tropsch derived feedstock by

(a) subjecting the feedstock to a hydroprocessing step to obtain a hydroprocessed feedstock; (b) separating the hydroprocessed feedstock by means of distillation into at least a gas oil and a residual fraction;

(c) reducing the pour point of the residual fraction by means of catalytic dewaxing to obtain dewaxed fraction, (d) separating the dewaxed fraction by means of distillation into at least a base oil fraction and a residual base oil; and

(e) recycling the base oil fraction to step (a) .

2. Process according to claim 1, wherein the gas oil and the residual fraction are separated in step (b) at a cut point temperature of between 300 and 400 ⁰C.

3. Process according to any one of claims 1-2, wherein the base oil and the residual base oil are separated in step (d) at a cut point temperature of between 450 and 600 ⁰C.

4. Process according to any one of claims 1-3, wherein the Fischer-Tropsch derived feedstock has an initial boiling point of below 400 ⁰C and a final boiling point of above 600 ⁰C.

5. Process according to any one of claims 1-4, wherein the fraction boiling above 540 ⁰C in the feedstock to step (a) is at least 20 wt%.

6. Process according to any one of claims 1-5, wherein the base oil as obtained in step (d) has a kinematic viscosity at 100 ⁰C of between 2 and 4 cSt as measured according to ASTM D-445.

7. Process according to any one of claims 1-6, wherein the residual base oil as obtained in step (d) has a kinematic viscosity at 100 ⁰C of above 7 cSt as measured according to ASTM D-445.

8. Process according to any one of claims 1-7, wherein the residual base oil obtained in step (d) is added to the gas oil fraction obtained in step (b) .

9. Process according to any one of claims 1-8, wherein the dewaxing step is performed by means of a catalytic dewaxing process in the presence of a catalyst comprising a medium pore size molecular sieve, preferably a MTW, MTT, TON type molecular sieve or ZSM-48, and a group VIII metal, preferably platinum or palladium.

10. Process according to any one of claims 1-9, wherein the total residual fraction obtained in step (b) is used in step (c) .

11. Process according to any one of claims 1 to 10, wherein the total base oil fraction is recycled to step (a) .

12. Process according to any one of claims 9-11, wherein the catalyst used in the catalytic dewaxing of the residual fraction comprises a MTW molecular sieve, platinum or palladium as Group VIII metal and a silica binder .