Afton Chemical Corporation, which operates as a subsidiary of NewMarket Corporation, develops, manufactures, and supplies petroleum additives. The company manufactures and sells fuel additives under the petroleum additives segment. Its fuel additives include performance fuels and refinery chemicals, such as gasoline performance, gasoline fuel additives, stabilizers, corrosion inhibitors as well as cetane, lubricity, and cold flow improvers. The company has research facilities in Richmond (Virginia) and Bracknell (England); manufacturing and blending facilities in North America, Latin America, and Europe; and an R&D laboratory in Suzhou, China. The company also has operations in Asia-Pacific, the Middle East, and Africa. Its main competitors include BASF AG (Germany), Chevron Oronite Company LLC (U.S.), and The Lubrizol Corporation (U.S.).
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In July 2012, Afton Chemical Corporation announced the construction of a new chemical additive manufacturing facility at Jurong Island, Singapore. The multi-year investment will be fully-owned and operated by Afton to enter into the expanding Asia-Pacific market. In May 2010, the company acquired Polartech (Massachusetts, U.S.). With the acquisition of Polartech, a metalworking additives company, Afton strengthened its industrial product portfolio with the company’s premier metalworking fluid additive technology. It also helped to expand its operations across India and China.
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The major participants operating in the global gasoline fuel additives market are Afton Chemical Corporation (U.S.), Albemarle Corporation (U.S.), Chevron Oronite Company LLC (U.S.), Infineum International Ltd. (U.K.), Fuel Performance Solutions, Inc. (U.S.), The Lubrizol Corporation (U.S.), and others.
