Russiaís base oil producers envision modernizing their plants to add 1.6 million metric tons per year of API Group II and III capacity by the early 2020s. But the current unstable economic and political situation casts doubt on whether some of the projects can be finished on time.
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Issue 70: April 2015 Lubes'n'Greases Magazine
Europe, Middle East and Africa
Demand for higher viscosity index oils has risen exponentially in recent years, which spurred a rush to upgrade hydrocracker bottoms at refineries around the world. Yet, one industry observer says that isnít happening because of low-quality feedstock.
Just shy of its two-year anniversary, the United Kingdom Lubricants Associationís subsidiary, Verification of Lubricants Standards, had garnered 19 members and taken on 14 cases. The program has far exceeded the associationís expectations.
Condition monitoring of grease presents a big challenge because it is difficult to obtain a representative sample. Recently, some innovative approaches and novel tools were introduced to overcome these challenges and provide more effective sampling of grease lubricated equipment.
Base oil producers head into 2015 facing a fundamental change in their economics. Oil prices have fallen dramatically in the last year due to oversupply, sluggish demand growth and the withdrawal of price supports. The near term will continue to see an oversupplied market struggling to rebalance.
Lubes'n'Greases Europe-Middle East-Africa is the first independent regional business magazine for and about the lubricants, base oil, additives and lube packaging industries in Europe, the Middle East and Africa. It reports on marketing and technology trends, raw material supplies, regulations and OEM specifications, and the challenges faced by end users of lubes and greases and the solutions that meet their needs. Every issue includes breaking news, in-depth features and informed opinions.
LNG EMEA has separate content from its sister magazine, Lubes'n'Greases, but offers the same reliable, unbiased and vital reporting each month.
The print edition is free to qualified subscribers in Europe, the Middle East and Africa, and is available on a paid-subscription basis elsewhere. The digital edition, an exact replica of the print magazine, is free to qualified subscribers worldwide.
Print and digital subscribers in Europe, the Middle East and Africa will receive the Base Stock Guide for Europe, the Middle East and Africa in July.
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