June 27, 2017
Volume 6 Issue 33
Base Oil Map Shows Asia’s Power
Global base oil manufacturing capacity now tips the scales at roughly 55 million metric tons a year (1.11 million barrels a day). And while the building frenzy of the past decade seems to be easing, Asia’s refiners still aim to stream nearly 2 million new tons of capacity – the equivalent of two world-class base oil refineries – by the end of 2019.