RICHMOND, VA, November 16, 2006 – Global fuel and lubricant additive supplier Afton Chemical Corporation announced today the launch of BioTEC™ 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 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 marketplace and the leading edge technology of BioTEC™ 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™ 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 is a wholly owned subsidiary of NewMarket Corporation (NYSE:NEU). 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.
FOR MORE INFORMATION CONTACT:
David Diberto, Global Business Manager – Performance Fuels
Afton Chemical Corporation
Phone: 804-788-5800
-or-
Visit our BioTEC™ web page