wemay
Site Donor 2023
Year old article but first industry specific one (I've seen) to address the glut of GrpIII base stocks in the market.
http://www.icis.com/resources/news/2014/...ks-accelerates/
"...The Group III influence on global supply is part of the industry trend towards lighter oil grades, adding another light viscosity option to the swell of Group II stocks. Group III production from gas-to-liquids (GTL) technology has significantly increased overall Group III production capacities with the recent start up of Shell’s plant in Qatar.
Several sources comment that Group III volumes are now in excess of global demand, causing these high quality oils to be blended into Group I and Group II base stocks as well as finding their way into applications that might not require these premium grades.
“The volumes are huge and the quality is very high – it is like drinking brandy from a fire hose,” comments one industry expert. This year will see further capacity additions that increasingly include Group III production.
New projects in South Korea and eastern Europe are slated to add more than 20,000 bbl/day of Group III production capacity through new units or expansions. Additionally, there are a number of other capacity additions that combine Group II with Group III production, although specific barrels per day by type are not readily available."
http://www.icis.com/resources/news/2014/...ks-accelerates/
"...The Group III influence on global supply is part of the industry trend towards lighter oil grades, adding another light viscosity option to the swell of Group II stocks. Group III production from gas-to-liquids (GTL) technology has significantly increased overall Group III production capacities with the recent start up of Shell’s plant in Qatar.
Several sources comment that Group III volumes are now in excess of global demand, causing these high quality oils to be blended into Group I and Group II base stocks as well as finding their way into applications that might not require these premium grades.
“The volumes are huge and the quality is very high – it is like drinking brandy from a fire hose,” comments one industry expert. This year will see further capacity additions that increasingly include Group III production.
New projects in South Korea and eastern Europe are slated to add more than 20,000 bbl/day of Group III production capacity through new units or expansions. Additionally, there are a number of other capacity additions that combine Group II with Group III production, although specific barrels per day by type are not readily available."
