Market News
Recent Developments
New product launches
- In December 2020, BASF has made its diesel fuel system cleaner, KEROPUR® D, available directly to drivers in Korea. This advanced multifunctional diesel fuel additive not only assists in maintaining engine cleanliness and ensuring peak performance but also plays a role in promoting sustainability.
- In September 2021, BASF is a multinational chemical company renowned for its diverse range of products and solutions across various industries, including chemicals, plastics, performance products, agricultural solutions, and more. has introduced IrgaCycle™, a fresh lineup of additive solutions aimed at meeting the pressing demands within the realm of plastics recycling.
- In October 2022, Royal Purple introduced a line of high-performance fuel system cleaners and stabilizers. Their products are formulated to remove deposits, improve fuel efficiency, reduce emissions, and protect against ethanol-related issues.
- In April 2022, Afton Chemical is excited to introduce Greenclean™ 3, the newest advancement in diesel fuel detergent technology, now accessible in North America. This innovative technology, an evolution from the successful first-generation Greenclean™ platform, features a stronger detergent system. Greenclean™ 3 is designed to further improve the performance of heavy-duty fleets and off-road equipment equipped with the latest engine technology and emission control devices.
Acquisition and partnerships
- In August 2023, Infineum, a leading specialty chemical company based in the U.K., forged a strategic partnership with World Fuel Services, designating the latter as the global distributor for its Marine Fuel Additives line.
- In August 2023, The Diesel Technology Forum (DTF) welcomed Innospec Inc. as its latest member. DTF, a nonprofit entity, focuses on promoting understanding and knowledge about the present and prospective contributions of diesel engines, equipment, and fuels. Innospec, a specialty chemical firm, operates with a global presence, employing individuals across 25 countries worldwide.
- In August 2023, LIQUI MOLY USA, a well-known producer of high-quality automotive additives, oils, and car care items on a global scale, is excited to declare its strategic alliance with Autotopia LA, a prominent YouTube channel focused on featuring the most extraordinary and distinctive automobiles worldwide. This partnership unites two leading entities in the industry, both driven by a mutual enthusiasm for cars, innovation, and enriching driving adventures.