07 October 2013 02:59 [Source: ICIS news]
SAN ANTONIO (ICIS)--Growing demand for Group II, II+ and III base stocks will likely be a main topic of discussion at the US annual base oils meeting, which the sponsor on Sunday said will have nearly 1,000 attendees from 10 countries.
Shedding some light on the increased demand for premium base stocks, the sponsor of the meeting, the Independent Lubricant Manufacturers Association (ILMA) will present sessions on the regulatory and environmental requirements which are pushing the drive to use Group II, II+ and III base oils.
“In order to meet the goals of the GF-6 passenger car requirements put together by a ILSAC (International Lubricants Standardization and Approval Committee), lower viscosity grades of base oils and hence more Group II, II+ and III are necessary,” a manufacturer said.
2013 will highlight the increasing use of Group II base oils with the upcoming fourth quarter expected start-up of Chevron’s Pascagoula, Mississippi lube production.The Pascagoula Base Oil Project (PBOP) is expected to produce about 25,000 barrels of premium Group II base oils.
The US is the largest Group II base oil producer globally and the export hub for this type of lube.
2014 will see capacity additions that increasingly include Group III production. New products in South Korea and Eastern Europe are slated to add more than 20,000 bbl/day of Group III production according to consultant Amy Claxton of My Energy.
The ILMA annual base oil meeting lasts through Wednesday.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections