World base oils demand to rise 6.5% 2005-10-Total

15 February 2007 10:45  [Source: ICIS news]

LONDON (ICIS news)--Global demand for base oils is likely to increase by 6.5% in the five years to 2010 to 36.2m tonnes/year, Total’s oil and waxes director said on Thursday.

 

Speaking at the ICIS World Base Oils conference in London, Alain Faure predicted the growth would be driven by a 16% demand increase in the Asia Pacific region to 12.64m tonnes/year.

 

Global demand for lubricants was expected to rise to 42.6m tonnes/year by 2010, an increase of 6.5% from ten years earlier.

 

Russian base oils were expected to change the balance of the northwest Europe region, where group II (GII) could provide a substitute for group I (GI) in automotive application.

 

In Asia, Faure said the market would remain short for heavy grades due to growing demand and a chronic GI deficit.

 

North America was expected to see a strong GII surplus moving to Europe, the Middle East and East Asia, with increasing demand from Latin America.

 

Below is a table listing current base oil projects in the pipeline worldwide.

 

 

Location

Company

Tonnes (000s)

GII

GIII

Process

Date

China

Sinopec

390

390

 

Cat.

2007

South Korea

CS Caltex

750

350

400

Cat.

2009

Taiwan

Formosa PCC

500

500

 

Cat.

2008

Dumai, Indonesia

SK/Pertamina

370

-

370

Cat.

2008

Malacca, Malaysia

Petronas

340

-

340

Cat.

2008

Bahrain

Bapco/Neste

400

-

400

Cat.

2008

Mangalore, India

Mangalore Ref.

250

-

250

Cat.

2010

Kaoshiung, Taiwan

CPC

250

250

-

Cat.

-

Qatar

Chevron

400

-

400

GTL/Cat

2007

Qatar

Shell

1400

-

1000

GTL/Cat

2011

Qatar

ExxonMobil

1400

-

1600

GTL.Cat

2013

Total

 

6450

1490

4760

 

 

 

 Source: Total Lubricants


By: Mark Watts
+44 20 8652 3214



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