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October 26, 2018

Volume 5 Issue 43

Growth Forecast for Synthetic Base Oil

Global demand for synthetic base stocks is predicted to increase at a compound annual rate of roughly 6 percent through 2022, due to increasing demand for higher quality finished lubes, an industry consultant said last week. Kline & Co. predicts the rate of growth will be fastest in the Asia-Pacific region. read more

Briefly Noted

Chevron Oronite broke ground on an additive manufacturing plant in Ningbo, China. The facility is scheduled to open in 2021 as a blending and shipping operation, and the company plans a subsequent expansion into component manufacturing.  India-owned Hindustan Petroleum Corp. Ltd. named Jeddah, Saudi Arabia-based Ghassan Aboud Group as a distributor to export markets. The company will also market HPCL’s range of products, including automotive and industrial lubricants.