29 November 2012 13:00 [Source: ICIS news]
HOUSTON (ICIS)--The 8th ICIS Pan-American Base Oils & Lubricants conference is drawing a focus on Group II and re-refining, as speakers and attendees gather in New Jersey on Thursday and Friday to discuss base oil challenges in the Americas.
High on the interest agenda is the outlook for Group II and Group III base oils across the Pan-American region.
Oversupply dominates the Group II base oil tier in the fourth quarter of 2012, raising the industry’s interest about what potentials lay ahead in 2013.
Chevron’s 25,000 bbl/day Pascagoula base oil facility is slated to come on line in the fourth quarter of 2013, according to the company.
But currently, ample supply is grabbing market attention, pushing down prices and changing some trading patterns, sources said.
Alongside concerns about Group II, fresh attention is aimed at the re-refining sector in the US, as companies in this market forge new routes to meet increasingly stringent environmental and performance mandates.
Speakers from the US, Mexico, Canada and elsewhere will present topics ranging from crude market developments to technical aspects of the re-refining and naphthenic base oil and lubricant markets.
The 2011 Pan-American conference drew over 270 participants from 30 countries.
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