July 17, 2018
Volume 2 Issue 38
More Supply Looms for Base Oils
Europe, Middle East and Africa together consume 25 percent of the world’s finished lubricants, yet the region packs on more weight when it comes to base oil supply. It is home to 17.4 million metric tons a year of mineral base oil refining capacity – 30 percent of the global supply – with more coming soon, research from Lubes’n’Greases shows.