Capacity increases may see China producing nearly 40 percent of the world’s naphthenic base oils within the next two years and potentially leapfrogging from net importer last year to net exporter next, according to an industry insider.
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Joe Beeton joined LNG in March 2013 as a staff writer. Previously, while earning a BA in English from George Mason University, he wrote extensively for student publications.
His studies focused on digital publishing and online journalism, and he is helping to integrate paradigms of new media into LNG’s longstanding tradition of quality journalism. He manages Lube Report Asia.
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Quaker Chemical Corp. became the sole owner of Quaker Chemical India Pvt. after acquiring the remaining stake from its former joint venture partner, Asianol Lubricants Pvt.
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Thailand will exempt most process oil-derived products from excise taxes later this year, according to government officials, but lube blenders will continue being taxed at the 5 baht (U.S. 14 cents) per liter rate introduced in January.