Press Release

Apr, 30 2024

The Lubrizol Corporation, Infineum International Limited, Afton Chemical, Chevron Corporation are dominating the market for Global Lubricating Oil Additives Market in 2018


The company was founded in 1928, and is headquartered in Ohio, United States. The company is engaged in providing high quality products from complex specialty chemicals and making the products environment friendly. The product categories are Lubrizol Additives and Lubrizol Advanced Materials. The Lubrizol Corporation has global presence in Germany, North America, Asia Pacific, Europe (excl. Germany) and South America, Africa, Middle East Unites States, United Kingdom, Brazil, Germany, Japan, Belgium, South Korea and China.

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  • In November, The Lubrizol Corporation collaborated with multiple partners such as including Lubrizol, Principled Design, ACI Materials, and Butler Technologies to design fashion-functional Multi-Tech Commuter (MTC) Jacket at the IDTechEx Show. This will help to get their foot rooted in electronic markets.

Some of the subsidiaries of the company are Lubrizol Advanced Materials (U.S.), Lubrizol Additives (U.S.), Lubrizol Advanced Materials Europe BVBA (Belgium), Lubrizol Advanced Materials Asia Pacific, Inc. (China), Lubrizol India Private Limited (India), Lubrizol Southeast Asia (Pte) Ltd. (Singapore), Lubrizol Limited (U.K.).

Infineum International Limited

The company was established in 1999 and is based in Oxfordshire, U.K. The company is engaged in the manufacturing of lubricants and fuels. Infineum International Limited has a global presence in Japan, China, Asia Pacific, Europe and America U.S.A, Brazil, U.K, France, Germany, Italy, Singapore, China, Japan

  • In March, Infineum started of operations at its new lubricant additive production and blending plant at Zhangjiagang, China. The plant is located at Yangtze River International Chemical Industrial Park and has a capacity to produce 100,000 Tons of lubricant additives per year.

Afton Chemical

The company was founded in 1877, and is based in Virginia; U.S The Company is engaged in the manufacturing of fuel and lubricant additives.

  • In October, Clariant upgraded its facility in Midland to strengthen R&D capabilities and expanded its oil business in Texas. This helped the company to develop key infrastructure elements of its operation centre.
  • In September, Clariant and SABIC signed governance agreement defining long term commitment of SABIC as a shareholder with a 24.99% stake that will help in increasing the rate of strategic growth of the company.

Chevron Corporation

The company was founded in 1879 and is headquartered in California, United States. The company is engaged in the company is engaged in the production of diverse range of pigments and raw materials. Products of the company include Exploration & Production, Refining, Transportation, Supply & Trading, Products & Services, Lubricants, Power, and Chemicals & Additives.

  • In July, The Chevron Tech Challenge was announced by Chevron Technology Ventures in order to develop latest technology solutions to add value to Chevron operations. This will help to advance technologies that can address business requirement and further commitment to provide safe, reasonable, reliable and cleaner energy.

Some of the subsidiaries of the company are Chevron Malaysia Limited (Malaysia), Chevron Neftegaz, Inc. (Russia), Chevron Korea (South Korea), Chevron Latin America (Venezuela), Chevron (Cambodia) Limited. (Cambodia), Chevron Hong Kong Limited (Hong Kong), Chevron Oronite (Beijing) International Trading Co. Ltd (China), Chevron New Zealand Exploration Ltd.(New Zealand)

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