LONDON – Is there further growth for naphthenic base stocks? Yes, certainly, said the president of Ergon Europe at an industry conference here last month. Should we worry about supply? No. Global supply of pale oils will increase by up to 1.5 million metric tons per year by 2012, with even more plans to increase capacity by 2014.
Per Klintstam, president of Ergon Europe, Middle East, Africa, based in Brussels, described the outlook for naphthenic supply and demand from 2006 to 2012 at the ICIS 12th World Base Oils Conference here.