JERSEY CITY, N.J. – By 2020, API Group I base oil capacity will decline to just 40 percent of total capacity, down from 60 percent today, and Group I plants need to plan wisely to survive, an expert cautions.
Will Group I survive? Absolutely, Amy Claxton, principal of My Energy, told the ICIS Pan-American Base Oils & Lubricants Conference here last week. Heavy neutrals, bright stock and wax are very profitable and likely to continue so.
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