Greece’s lubricant consumption rose 6% to 68,000 tons in 2021, driven by the country’s economic recovery from the early stages of the COVID-19 pandemic, an industry insider told the Union of the European Lubricant Industry’s annual congress last month in Athens.
Miltos Bantis, general manager of base oil rerefiner Lubricant & Petroleum Products Co., said that although relatively small, the Greek lubricant market is vibrant because of its unique geographical position that is ideal for developed tourism and seafaring. LPC is the lubricant arm of energy major Motor Oil Hellas Group.
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“We have seen a heathy 6% growth of lube consumption in 2021, and we are on a track to exceed that result in 2022,” he told the UEIL’s annual congress Oct. 19.