Fuel economy, emissions driving lubricant market changes

02 July 2013 21:31  [Source: ICIS news]

RIO DE JANEIRO, Brazil (ICIS)--Fuel economy and emissions control are driving changes within the global lubricant market, said a manager with specialty chemical firm Croda on Tuesday.

“This scenario cannot be avoided, so it remains to us to manage and meet these requirements,” Felipe Lopes said at the ICIS/Lube em Foco Meet the Market conference.

For example, the Croda speaker pointed out that Brazil, by far South America’s largest lubricant market, is gearing up to meet the fuel economy and emissions targets set by legislative and environmental groups.

Aggressive targets for emissions and fuel economy are slated to become effective January 2016.

In order to address and meet these targets, Brazil’s lubricant manufacturers must move toward increased use of lighter grade feedstock base oils and find new additive packages to aid in blending lube formulations to meet the stipulations.

The Meet the Market conference ends on Tuesday, 2 July.

By: Judith Taylor
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