Afton Chemical Announces Launch of BioTEC(TM) Performance Additive Solutions.RICHMOND, Va. -- Global fuel and lubricant Lubricant A gas, liquid, or solid used to prevent contact of parts in relative motion, and thereby reduce friction and wear. In many machines, cooling by the lubricant is equally important. additive supplier Afton Chemical Corporation announced today the launch of BioTEC[TM] Performance Additive Solutions, a new family of products for ethanol and biodiesel applications. The use of ethanol and biodiesel based fuels is growing at an accelerating pace around the world and is driven by desires to maximize the use of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. sources, reduce CO2 emissions, and support farming economies. This growth presents fuel producers and retailers with new technical and marketing challenges that are well understood by Afton's fuel performance experts. Afton is combining our knowledge of the biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi marketplace and the leading edge technology of BioTEC[TM] Performance Additive Solutions to deliver products that help maximize the opportunities in this emerging market segment. "We are excited by the recent growth in biofuels. Our BioTEC[TM] products are just another indication of Afton Chemical's commitment to providing unique solutions to our customers" said Rich Mendel, Afton's Global VP of Fuel Additives. Afton Chemical Corporation (www.aftonchemical.com) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NewMarket Corporation (NYSE NYSE See: New York Stock Exchange :NEU NEU Neutral NEU Northeastern University (Boston, MA, USA) NEU Near East University (North Cyprus, Turkey) NEU Northeast University (China) ). Afton Chemical develops and manufactures petroleum additives that boost the performance of lubricating oils and fuels to achieve increased efficiency, power and durability in machinery, vehicles, and other equipment. From custom-formulated chemical blends to market-general additive components, Afton Chemical technology helps fuels burn cleaner, engines run smoother, and machines last longer. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion