March 2, 2018
Volume 6 Issue 29
China Base Oil Supply Shifts, Steadies
China’s base oil consumption will grow marginally but steadily in the next five years, according to a speaker from ICIS at the organization’s World Base Oils & Lubricants Conference in London last week. In 2021, API Group II and III grades will have elbowed out Group I and off-spec oils more than ever as total demand inches closer to 9 million metric tons.