Upcoming Capacity Additions
Most analysts agree that the global market is oversupplied, but new Group II/III plants, expansions, and
upgrades continue to be announced, with most of the new capacity being in Asia
*Indicates a Rerefiner.
Due | Company | City | Country | Region | Type | Additions in b/d | Additions in t/y |
---|---|---|---|---|---|---|---|
2022 | Oil Group/EnP | Espirito Santo | Brazil | Americas | New | 1,000 b/d Group TBA | |
2022 | Rosneft | Novo-Kuibyshev | Russia | Europe | Upgrade | 5,000 b/d Group II | 250,000 t/y Group II |
2023 | Apalene Technology | Hangzhou | China | Asia & Pacific | New | 10,000 MTPY PAO | |
2023 | CNOOC | Taizhou | China | Asia & Pacific | Expansion | 600,000 t/y Group II+/III | |
2023 | Gazprom Neft | Omsk | Russia | Europe | New | 220,000 t/y Group II/III | |
2023 | Oleon | Baytown | United States | Americas | New | TBA Esters | |
2023 | Puraglobe* | Elsteraue | Germany | Europe | New | 100,000 t/y Group III | |
2023 | Rosneft | Novo-Kuibyshev | Russia | Europe | Upgrade | 1,000 b/d Group III | 50,000 t/y Group III |
2024 | Blue Tide* | Baytown | United States | Americas | New | 5,000 b/d Group II+ | 250,000 t/y Group II+ |
2024 | Chevron Phillips Chemical | Beringen | Belgium | Europe | New | 60,000 t/y PAO | |
2024 | Indian Oil Corp. | Haldia | India | Asia & Pacific | New | 5,500 b/d Group III | 270,000 t/y Group III |
2024 | Oleon | Conroe | United States | America | New | TBA Esters | |
2024 | Pertamina | Cilacap | Indonesia | Asia & Pacific | Upgrade | TBA b/d Group II | TBA t/y Group II |
2024 | Puraglobe | Tampa | United States | Americas | New | TBA b/d Group III/III+ | TBA t/y Group III/III+ |
2024 | Recvoil* | San Antonio | Chile | Americas | New | 7,100 t/y | |
2024 | Sanoat | Fergana | Uzbekistan | Asia & Pacific | Expansion | 150,000 Group II/III | |
2025 | BASF | Ludwigshafen | Germany | Europe | Expansion | 10,000 t/y PIB | |
2025 | ExxonMobil | Singapore | Singapore | Asia & Pacific | Expansion | 20,000 b/d Group II | 1,000,000 t/y Group II |
2025 | Hill Group* | Klaipeda | Lithuania | Europe | New | 45,000 t/y Group II | |
2025 | Ineos | Jubail | Saudi Arabia | Middle East | New | TBA MTPY PAO | |
2025 | Ineos Oligomers | La Porte | United States | Americas | Expansion | 15,000 MTPY high viscosity PAO | |
2025 | Indian Oil Corp. | Gujarat | India | Asia & Pacific | New | 235,000 t/y Groups II/III | |
2025 | Lub-rref | Julda | Bangladesh | Asia & Pacific | New | 52,000 ty Group II | |
2025 | Luberef | Yanbu | Saudi Arabia | Middle East | Expansion | 230,000 t/y Group II/III | |
2025 | PKN Orlen | Gdansk | Poland | Europe | New | 400,000 t/y Group II/III | |
2025 | Sentuo Group | Tema | Ghana | Africa | Expansion | 200,000 t/y | |
2026 | Indian Oil Corp. | Panipat | India | Asia & Pacific | Expansion | 526,000 t/y Group II/III | |
2026 | Lub-rref | Juldha | Bangladesh | Asia & Pacific | New | 70,000 t/y Group II | |
2028 | Cerilon | Trenton | United States | Americas | New | 5,800 b/d Group III | |
TBA | ExxonMobil Chemical | Baytown | United States | Americas | Expansion | 10,000 MTPY PAO | |
TBA | Non-Stop Ticaret* | Akyazi | Turkey | Europe | New | 15,000 t/y | |
TBA | Petrobras | Itaborai | Brazil | Americas | New | 12,580 b/d Group II/II+ | |
TBA | Satellite Chemical | Lianyungang | China | Asia | New | 15,000 t/y PAO |
Upcoming Closures
Nearly all of the base oil capacity shut down over the past decade has been API Group I. While the grade
still has a firm place in the finished lubricants market, it is slowly being pushed out by Group II stocks.
Due | Company | City | Country | Region | Type | Reduction in b/d | Reduction in t/y |
---|---|---|---|---|---|---|---|
2023 - October | Eneos | Wakayama | Japan | Asia & Pacific | Closure | 6,900 b/d Group I | 360,000 t/y Group I |
TBD | Shell | Pulau Bukom | Singapore | Asia & Pacific | Closure | 7,400 b/d Group I | 386,000 t/y Group I |