Afton Chemical

Last updated
Afton Chemical Corporation
TypeSubsidiary of NewMarket Corp
Industry Chemicals
Founded1877 [1]
Headquarters Richmond, Virginia, U.S.
Area served
Worldwide
Key people
Gina Harm (President)
Products Chemicals Petroleum Additives
Website aftonchemical.com

Afton Chemical Corporation develops and manufactures petroleum additives, including driveline, engine oil, fuel and industrial additives. Afton Chemical Corporation is headquartered in Richmond, Virginia, and has operations around the world. The company is a subsidiary of NewMarket Corporation (NYSE: NEU), a corporation specializing in performance specialty chemicals.

Contents

Operations

Afton Chemical products fall into four different strategic business units: driveline additives, engine oil additives, fuel additives, and industrial additives.

Driveline Additives

This segment includes driveline additives for automatic (ATF), continuously variable (CVT) and dual-clutch (DCT) transmission types, as well as gear oil additives for rear-axle and manual transmissions. [2]

Engine Oil Additives

Afton Chemical offers engine oil additives for passenger car, motorcycle, medium speed diesel and heavy-duty engines, as well as olefin copolymer viscosity index improvers. [3]

Fuel Additives

Afton Chemical produces fuel additives for gasoline and diesel vehicle performance, octane levels, home heating oil, and fuel specification and distribution. [4]

Lubricant Additives

Lubricant additives are organic and synthetic chemical components and the product segment includes couplers, dispersants and emulsifiers, friction modifiers, and tackiness additives. [5]

Industrial Additives

Afton Chemical acquired metalworking additives producer Polartech in 2010 to expand its industrial product base. [6] Industrial products include lubricating grease additives, hydraulic lubricants and metalworking fluids. [7]

Locations

Afton Chemical has regional offices located in Asia Pacific, Europe, India, the Middle East, Latin America and North America. [8] The company has a technical center located in Ashland, Virginia. The Ashland Technical Center is the R&D site for vehicle-based research used by all strategic business units that manufacture automotive additives, including engine oil, fuel, transmission and axle. The center is used for research into durability, fuel economy, emissions, and new-product development. [9] Plants are located in Belgium, England, India, Brazil, China, Mexico and throughout the United States. [10] The company opened a research lab in Suzhou, China, in 2011 [11] and in July 2012 announced the construction of a new chemical additive manufacturing plant in Jurong Island, Singapore, which became operational mid-2016.

Industries

Afton Chemical operates within the petroleum industry, primarily focusing on, and manufacturing chemical additives for: driveline, engine oil, fuel, and industrial business units.

History

2018 – Gina Harm replaces Robert Shama as president of Afton Chemical Corporation. [12]

2017 – Afton Chemical acquires Aditivos Mexicanos, S.A. de C.V. (AMSA), a petroleum additives manufacturing, sales and distribution company based in Mexico City, Mexico. [13]

2013 – Afton Chemical announces expansion in Asia-Pacific with a new manufacturing facility on Jurong Island, Singapore.

2013 – Robert Shama replaces Warren Huang as president of Afton Chemical. [14]

2010 – Afton Chemical acquires PolarTech Metalworking and adds R&D and manufacturing facilities in the U.K., and manufacturing sites in India, China and the U.S.

2009 – Afton Chemical expands investment in the Asia-Pacific region with facilities in Shanghai, China, Tsukuba, Japan and Jurong Island, Singapore.

2008 – Afton Chemical acquires the North American fuel additives business of GE Water and Processing Technologies.

2004 - Ethyl Petroleum Additives, Inc. changes its name to Afton Chemical Corporation. It begins operating as a wholly owned subsidiary of NewMarket Corporation.

1996 – Ethyl acquires Texaco Additives Company.

1992 – Ethyl acquires Amoco Petroleum Additives in the U.S. and Nippon Cooper in Japan, as global consolidation comes to the petroleum industry.

1975 – Ethyl acquires Edwin Cooper, Inc.

1962 – Albemarle Paper Co. acquires Ethyl Gasoline Corporation and adopts the Ethyl Corporation name.

1924 – General Motors Chemical Corporation, which introduced tetraethyllead as a fuel additive to reduce engine “knock,” is renamed as Ethyl Gasoline Corporation. [15]

1887 – Albemarle Paper Manufacturing is founded in Richmond, VA [16]

Related Research Articles

A lubricant is a substance that helps to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces. The property of reducing friction is known as lubricity.

Motor oil Lubricant used for lubrication of internal combustion engines

Motor oil, engine oil, or engine lubricant is any one of various substances that consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts.

Jurong Island

Jurong Island is an island located to the southwest of the main island of Singapore. It was formed from the amalgamation of seven offshore islands, the islands of Pulau Ayer Chawan, Pulau Ayer Merbau, Pulau Merlimau, Pulau Pesek, Pulau Pesek Kechil, Pulau Sakra, Pulau Seraya, Pulau Meskol, Pulau Mesemut Laut, Pulau Mesemut Darat and Anak Pulau. This was done through Singapore's land reclamation efforts. Land reclamation on Jurong Island was completed on 25 September 2009, 20 years earlier than scheduled. Pulau Buaya was joined to Jurong Island via reclamation in 2010. Jurong Island forms a land area of about 32 km2 (12 sq mi) from an initial area of less than 10 km2 (4 sq mi), and is the largest of Singapore's outlying islands.

Synthetic oil Lubricant consisting of artificially made chemical compounds

Synthetic oil is a lubricant consisting of chemical compounds that are artificially made. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials. The base material, however, is still overwhelmingly crude oil that is distilled and then modified physically and chemically. The actual synthesis process and composition of additives is generally a commercial trade secret and will vary among producers.

STP (motor oil company) American automotive products brand name

STP is an American brand of automotive aftermarket products, especially lubricants such as motor oil and motor oil additives. The name began as an abbreviation of Scientifically Treated Petroleum. The brand is owned by Energizer Holdings, which acquired STP in November 2018.

Methylcyclopentadienyl manganese tricarbonyl Chemical compound

Methylcyclopentadienyl manganese tricarbonyl (MMT or MCMT) is an organomanganese compound with the formula (C5H4CH3)Mn(CO)3. Initially marketed as a supplement for use in leaded gasoline, MMT was later used in unleaded gasoline to increase the octane rating. Following the implementation of the Clean Air Act (United States) (CAA) in 1970, MMT continued to be used alongside tetraethyl lead (TEL) in the US as leaded gasoline was phased out (prior to TEL finally being banned from US gasoline in 1995), and was also used in unleaded gasoline until 1977. Ethyl Corporation obtained a waiver from the U.S. EPA (Environmental Protection Agency) in 1995, which allows the use of MMT in US unleaded gasoline (not including reformulated gasoline) at a treat rate equivalent to 8.3 mg Mn/L (manganese per liter).

AMSOIL Inc. is an American corporation based in Superior, Wisconsin that primarily formulates and packages synthetic lubricants, fuel additives, and filters. Company founder Albert J. Amatuzio developed several synthetic motor oil formulations throughout the mid-to-late 1960s. He was commercially selling synthetic motor oil by 1968. In 1972, AMSOIL 10W-40 Synthetic Motor Oil became the world's first synthetic motor oil to meet American Petroleum Institute requirements, which prompted the company to adopt "The First in Synthetics®" as its tagline. The company introduced several other synthetic lubricants that represented industry firsts throughout the 1970s and early 1980s. It distributes products in North America via a network of independent dealers following a direct-marketing business model.

Singapore Petroleum Company Singaporean oil company

Singapore Petroleum Company Limited, in short SPC, is a subsidiary of Chinese state-owned company PetroChina. It is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.

Butyl rubber

Butyl rubber, sometimes just called "butyl", is a synthetic rubber, a copolymer of isobutylene with isoprene. The abbreviation IIR stands for isobutylene isoprene rubber. Polyisobutylene, also known as "PIB" or polyisobutene, (C4H8)n, is the homopolymer of isobutylene, or 2-methyl-1-propene, on which butyl rubber is based. Butyl rubber is produced by polymerization of about 98% of isobutylene with about 2% of isoprene. Structurally, polyisobutylene resembles polypropylene, but has two methyl groups substituted on every other carbon atom, rather than one. Polyisobutylene is a colorless to light yellow viscoelastic material. It is generally odorless and tasteless, though it may exhibit a slight characteristic odor.

Albemarle Corporation American chemical company

Albemarle Corporation is a fine chemical manufacturing company based in Charlotte, North Carolina. It operates 3 divisions: lithium, bromine specialties and catalysts.

Petron Corporation

Petron Corporation is the largest oil refining and marketing company in the Philippines, supplying more than a third of the country's oil requirements. It operates a refinery in Limay, Bataan with a rated capacity of 180,000 barrels per day (29,000 m3/d). From the refinery, Petron moves its products mainly by sea to 32 depots and terminals throughout the country.

Chemtura Former global corporation headquartered in Philadelphia, Pennsylvania

Chemtura Corporation was a global corporation headquartered in Philadelphia, Pennsylvania, with its other principal executive office in Middlebury, Connecticut. Merged into Lanxess in 2017, the company focused on specialty chemicals for various industrial sectors, and these were transportation, energy, and electronics. Chemtura operated manufacturing plants in 11 countries. Its primary markets were industrial manufacturing customers. The corporation employed approximately 2500 people for research, manufacturing, logistics, sales and administration. Operations were located in North America, Latin America, Europe and Asia. In addition, the company had significant joint ventures primarily in the United States. For the year ended December 31, 2015, the company's global core segment revenue was $1.61 billion. Chief executive officer was Craig A. Rogerson, who was also the president and chairman of the board of Chemtura Corporation. On April 21, 2017, Chemtura was acquired by the German chemical company Lanxess.

Oil additives are chemical compounds that improve the lubricant performance of base oil. The manufacturer of many different oils can utilize the same base stock for each formulation and can choose different additives for each specific application. Additives comprise up to 5% by weight of some oils.

The Lubrizol Corporation is a provider of specialty chemicals for the transportation, industrial and consumer markets. These products include additives for engine oils and other transportation-related fluids, additives for industrial lubricants, and additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products, pharmaceuticals and medical devices, specialty materials, including plastics technology, and coatings in the form of specialty resins and additives.

Marvel Mystery Oil

Marvel Mystery Oil is an automotive product of the American Marvel Oil Company, founded by Burt Pierce in 1923. It is used as a fuel additive, oil additive, corrosion inhibitor, penetrating oil, and transmission leak stopper and seal relubricator.

Behran Oil Company is an oil refining company with headquarters in Tehran. Its products are exported to more than 40 countries.

Phoenix Petroleum

Phoenix Petroleum Philippines, Inc. is the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. It is the first company from Davao City to be listed in the Philippine Stock Exchange.

NewMarket Corporation American chemical company

NewMarket Corporation is a publicly traded, company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company was founded in 1887.

Infineum International Limited is a joint venture between the additive product lines of ExxonMobil Chemical Company and Royal Dutch Shell Chemicals. Its headquarters are located in Abingdon, England and it has operating centers throughout the United Kingdom, United States, France, Italy, China, and Singapore.

Paul Waterman

Lynn Paul Waterman, usually known as Paul Waterman, is an American businessman and the chief executive officer of Elementis Plc. Paul was Global CEO of BP Lubricants, a part of the BP Group. Paul joined Castrol in 1994 eventually becoming CEO of BP Lubricants Americas in 2007 and later moving to CEO of BP Global Aviation, Industrial Marine & Energy Lubricant businesses. From there Paul took on the role of Chief Executive of BP Australasia & Country President, BP Australia and from 2012 spent his final years in BP as CEO of BP Lubricants. Paul has a BSc Degree in Packaging Engineering from Michigan State University and an MBA from Stern School of Business.

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