December 28, 2018
Volume 6 Issue 42
Banner Year for Base Stocks in Asia
Although strained trade relations between the United States and China left many Chinese companies stuck with unexpected tariff increases on lubricants and lubricant additives, Asia-Pacific otherwise thrived, as a number of new plants and expansions came online during the year. Examples included Hengli Petrochemical’s new API Group II and III base oil plant started up in December, and Shanxi Lu’An Group began making both Group III and polyalphaolefins at the same coal-to-liquids complex in Shanxi province, China.