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December 6, 2017

Volume 17 Issue 52

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Steady Growth Forecast for Biobased Lubes

A consulting firm estimates the global biobased lubricants market will grow at a compound annual rate of 5 percent over the next five years out to 2021 fueled by factors such as increasing availability of high quality biobased base stocks from an estimated base of 250,000 to 300,000 metric tons in 2016.