Lubes'N'Greases

Upcoming Capacity Additions

Most analysts agree that the global market is oversupplied, but new Group II/III plants, expansions, and
upgrades continue to be announced, with most of the new capacity being in Asia

*Indicates a Rerefiner.

DueCompanyCityCountryRegionTypeAdditions in b/dAdditions in t/y
2022Oil Group/EnPEspirito SantoBrazilAmericasNew1,000 b/d Group TBA
2022RosneftNovo-KuibyshevRussiaEuropeUpgrade5,000 b/d Group II250,000 t/y Group II
2023Apalene TechnologyHangzhou ChinaAsia & PacificNew10,000 MTPY PAO
2023CNOOCTaizhouChinaAsia & PacificExpansion600,000 t/y Group II+/III
2023Gazprom NeftOmskRussiaEuropeNew220,000 t/y Group II/III
2023OleonBaytownUnited StatesAmericasNewTBA Esters
2023Puraglobe*ElsteraueGermanyEuropeNew100,000 t/y Group III
2023RosneftNovo-KuibyshevRussiaEuropeUpgrade1,000 b/d Group III50,000 t/y Group III
2024Blue Tide*BaytownUnited StatesAmericasNew5,000 b/d Group II+250,000 t/y Group II+
2024Chevron Phillips ChemicalBeringenBelgiumEuropeNew60,000 t/y PAO
2024Indian Oil Corp.HaldiaIndiaAsia & PacificNew5,500 b/d Group III270,000 t/y Group III
2024OleonConroeUnited StatesAmericaNewTBA Esters
2024PertaminaCilacapIndonesiaAsia & PacificUpgradeTBA b/d Group IITBA t/y Group II
2024Puraglobe TampaUnited StatesAmericasNewTBA b/d Group III/III+TBA t/y Group III/III+
2024Recvoil*San AntonioChileAmericasNew7,100 t/y
2024SanoatFerganaUzbekistanAsia & PacificExpansion150,000 Group II/III
2025BASFLudwigshafenGermanyEuropeExpansion10,000 t/y PIB
2025ExxonMobilSingaporeSingaporeAsia & PacificExpansion20,000 b/d Group II1,000,000 t/y Group II
2025Hill Group*KlaipedaLithuania EuropeNew45,000 t/y Group II
2025IneosJubailSaudi ArabiaMiddle EastNewTBA MTPY PAO
2025Ineos OligomersLa PorteUnited StatesAmericasExpansion15,000 MTPY high viscosity PAO
2025Indian Oil Corp.GujaratIndiaAsia & PacificNew235,000 t/y Groups II/III
2025Lub-rrefJuldaBangladeshAsia & PacificNew52,000 ty Group II
2025Luberef YanbuSaudi ArabiaMiddle EastExpansion230,000 t/y Group II/III
2025PKN OrlenGdanskPolandEuropeNew400,000 t/y Group II/III
2025Sentuo GroupTemaGhanaAfricaExpansion200,000 t/y
2026Indian Oil Corp.PanipatIndiaAsia & PacificExpansion526,000 t/y Group II/III
2026Lub-rrefJuldhaBangladeshAsia & PacificNew70,000 t/y Group II
2028Cerilon TrentonUnited StatesAmericasNew5,800 b/d Group III
TBAExxonMobil ChemicalBaytownUnited StatesAmericasExpansion10,000 MTPY PAO
TBANon-Stop Ticaret*AkyaziTurkeyEuropeNew15,000 t/y
TBAPetrobrasItaboraiBrazilAmericasNew12,580 b/d Group II/II+
TBASatellite ChemicalLianyungangChinaAsiaNew15,000 t/y PAO

Upcoming Closures

Nearly all of the base oil capacity shut down over the past decade has been API Group I. While the grade
still has a firm place in the finished lubricants market, it is slowly being pushed out by Group II stocks.

DueCompanyCityCountryRegionTypeReduction in b/dReduction in t/y
2023 - OctoberEneosWakayamaJapanAsia & PacificClosure6,900 b/d Group I360,000 t/y Group I
TBDShellPulau BukomSingaporeAsia & PacificClosure7,400 b/d Group I386,000 t/y Group I