Afton Chemical First Additive Company to Receive TOP TIER TM Diesel Approval

Posted: 7/12/17

Richmond, VA, July 12, 2017– Afton Chemical announced today that its North American Diesel Performance Additive (DPA) product line is the first in the industry to receive TOP TIER™ Diesel approval. The recently launched TOP TIERTM Diesel standard seeks to increase diesel fuel quality by establishing performance requirements for diesel fuel in five key parameters: detergency / injector cleanliness, oxidative stability, lubricity, water content, and particulate count. Afton’s DPA product line, containing Greenclean Detergent TechnologyTM, has been proven to successfully deliver the required level of performance specified in the standard.
 
Fuel quality plays a vital role ensuring equipment is able to run properly, preventing unscheduled downtime for maintenance, and maximizing operational profitability for drivers and operators. Today’s basic fuel standards may not protect against some potential field issues. In 2004, TOP TIER™ Gasoline was launched by a consortium of global automakers as a voluntary program for fuel retailers to address engines’ need for higher levels of detergency to protect the vehicles’ increasingly complex fuel systems. Earlier this year, TOP TIER™ released their standard for TOP TIER™ Diesel in an effort to increase diesel fuel quality, address consumer field issues, and enable optimal vehicle performance for today’s equally complex diesel engines.
 
“In order to continue to provide best-in-class diesel additive solutions to our customers, we are committed to designing chemistries that help prevent performance issues occurring under real world operational conditions,” said Alexandra Fersner, Afton’s North American Marketing Manager for DPA. “We support all fuel quality efforts that seek to improve the operability and longevity of diesel engines in all types of equipment,” said Fersner.
 
Afton is looking forward to working alongside fuel retailers and distributors to implement DPA products into their TOP TIERTM Diesel programs in an effort to raise diesel fuel quality across North America. 
 
TOP TIERTM is a trademark of General Motors, LLC
Greenclean Detergent TechnologyTM is a trademark of Afton Chemical Corporation
 
About Afton Chemical Corporation
Afton Chemical Corporation is part of the NewMarket Corporation (NYSE: NEU) family of companies. Afton Chemical Corporation uses its formulation, engineering and marketing expertise to help their customers develop and market fuels and lubricants that reduce emissions, improve fuel economy, extend equipment life, improve operator satisfaction and lower the total cost of vehicle and equipment operation. Afton Chemical Corporation develops and sells an extensive line of unique additives for gasoline and distillate fuels, driveline fluids, engine oils and industrial lubricants. Afton Chemical Corporation supports global operations through regional headquarters located in Asia Pacific, EMEAI, Latin America and North America. Afton Chemical Corporation is headquartered in Richmond, Virginia. For more information, visit www.aftonchemical.com.   

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Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Although NewMarket’s management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations. 
 
Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at manufacturing facilities, including single-sourced facilities; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; failure to attract and retain a highly-qualified workforce; hazards common to chemical businesses; competition from other manufacturers; sudden or sharp raw material price increases; the gain or loss of significant customers;  the occurrence or threat of extraordinary events, including natural disasters and terrorist attacks; risks related to operating outside of the United States; the impact of fluctuations in foreign exchange rates; an information technology system failure; political, economic, and regulatory factors concerning our products; future governmental regulation; resolution of environmental liabilities or legal proceedings; our inability to realize expected benefits from investment in our infrastructure or future acquisitions or our inability to successfully integrate future acquisitions into our business; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Item 1A. “Risk Factors” of our 2016 Annual Report on Form 10-K, which is available to shareholders upon request. 
 
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Media Contact:

Lauren Packard, Marketing Communications
Afton Chemical Corporation
Phone: (804) 788-5800
 
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