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Promising forecast for the US re-refining industry

04.01.2013  |  Thinnes, Billy,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [re-refining] [US] [basestocks] [crude oil] [prices] [base oils] [lubricants]

With a projected compound annual growth rate (CAGR) exceeding 23% over the next five years, the future of the US re-refined basestocks market looks promising, according to a recent study by Kline & Co. Given that all announcements pertaining to expansions and new capacities go as planned, it is anticipated that the re-refining industry will see a robust growth to an estimated 1,390 kilotons by 2016, suggesting a “golden decade” for many in the industry. However, this is contingent upon the successful and timely ramp-up of operational facilities.

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