Volume 2 Issue 28
Evonik announced yesterday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including three plants in Europe.
Oxea announced on July 5 plans to build a new plant in Oberhausen, Germany, by the end of 2021 to produce carboxylic acids, which are used in manufacturing lubricant esters. The company had previously announced in January plans to expand capacity to make such products.
Rosneft sold 84,000 metric tons of what it calls premium lubricants, up 21 percent from the year before, driven by an effort to displace imported and foreign branded lubricants from the Russian market.