ICIS: Asia-Pacific Consumes Most of World’s Base Oil

ICIS: Asia-Pacific Consumes Most of World’s Base Oil

Base oil demand in Asia-Pacific, not including the Middle East, rose by more than five million metric tons per year in the past decade, according to Shi Yinzhi, Information Manager, Independent Chemical Information Service (ICIS). The Asia-Pacific region now accounts for more than half of global base oil demand, Shi told the 12th Annual China […]

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