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Business

Afton Plans Additives Facility For Singapore

by Michael McCoy
July 23, 2012 | A version of this story appeared in Volume 90, Issue 30

Afton Chemical will spend in excess of $100 million to build a fuel and lubricant additives plant on Singapore’s Jurong Island. Afton, a unit of NewMarket Corp., expects to break ground on the plant in the third quarter of 2013 and complete it by mid-2015. Earlier this year, Afton competitor Infineum said it will build a plant for the lubricant additive calcium salicylate in Singapore by the end of 2013.

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