From AMSOIL's FAQs:
AMSOIL does not insist on a particular type of base stock, but insists on particular performance parameters. AMSOIL chooses whichever synthetic base stock or combination of base stocks delivers the desired result and tailors its lubricants to be application-specific (gasoline, diesel, racing, transmission, gear, extended drain, extreme temperatures, etc.). At the end of the day, the type of base stock used to formulate the oil is inconsequential; the product's performance is what matters.
This implies that they buy basestocks and do not refine their own.