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
2020Hindustan PetroleumMumbaiIndiaAsia & PacificUpgrade3,100 b/d Group II/III150,000 t/y Group II/III
2020Ruisike Co.*FanchangChinaAsia & PacificNewTBATBA
2020SK-RepsolCartagenaSpainEuropeExpansion4,000 b/d Group II/III200,000 t/y Group II/III
2021Shenghong PetrochemicalChinaAsia & PacificNew14,400 b/d Group III700,000 t/y Group III
2022Bharat PetroleumMumbaiIndiaAsia & PacificExpansion or Upgrade?TBD b/d Group II/III450,000 t/y Group II/III
2022G-TiBase Oil TechnologyChinaAsia & PacificNew4,100 b/d Group III200,000 t/y Group III
2022Gazprom NeftOmskRussiaEuropeUpgradeTBA220,000 t/y Group II/III
2022Hainan HandiHainanChinaAsia & PacificExpansion16,000 b/d Group II/III800,000 t/y Group II/III
2022Hebei Feitian PetrochemicalXinjiChinaAsia & PacificExpansion5,000 b/d Group II250,000 t/y Group II
2022Indian Oil Corp.HaldiaIndiaAsia & PacificNew5,500 b/d Group III270,000 t/y Group III
2022Oil Group/EnPEspirito SantoBrazilAmericasNew1,000 b/d Group ?
2022RosneftNovo-KuibyshevRussiaEuropeUpgrade5,000 b/d Group II250,000 t/y Group II
2023ExxonMobilPulau Ayer ChawanSingaporeAsia & PacificExpansion20,000 b/d Group II1,000,000 t/y Group II
2023RosneftNovo-KuibyshevRussiaEuropeUpgrade1,000 b/d Group III50,000 t/y Group III
2023UzbekneftegazFerganaUzbekistanAsia & PacificExpansionTBD Group II/III150,000 Group II/III
2024PertaminaCilacapIndonesiaAsia & PacificUpgradeTBA b/d Group IITBA t/y Group II
2025Indian Oil Corp.PanipatIndiaAsia & PacificExpansion9,000 b/d Group II 2,100 b/d Group III450,000 t/y Group II 100,000 t/y Group III
2025LotosGdanskPolandEuropeNewTBA b/d Groups II/IIITBA t/y Groups II/III
TBAIndian Oil Corp.GujaratIndiaAsia & PacificNewTBA b/d Groups II/IIITBA t/y Groups II/III

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
2022 - JulyShellPulau BukomSingaporeAsia & PacificGroup I7,400 b/d Group I386,000 t/y Group I