Two members of the NIS team are in London this week attending the ICIS World Base Oils and Lubricants Conference. George Diloyan, our Technical Director, and Itsik Havakuk, our Business Development Director, are reporting that the Conference is well attended and very busy.
They are keeping up with a full conference schedule covering issues ranging from new Russian base oils… to… MARPOL marine fuel specifications and impact on future marine lubricants… to… possible long-term lubricant market disruptions caused by new hybrid and e-mobility technologies. Amidst the conference schedule, they are also meeting with various individuals across a diverse array of markets who are interested in our tungsten disulfide (WS2) EP additive technology for lubricants and metal working fluids.
Even with all that activity on the schedule, George and Itsik are also managing to find a little time to take in a bit of all that the wonderful city of London has to offer!
Base oils and lubricants have been markets in transition for some time, and some would argue, in a constant state of evolution. However, there are new long term challenges on the horizon – so-called ‘disruptive technologies’ – which will prospectively lead to a world of declining lubricant demand. How can the industry adapt to this changing environment?
Electric, hybrid, autonomous and connected vehicles, which seemed far into the future only a short time ago, are arriving quicker than we ever could have thought. There are other major developments in industry digitization with ‘Smart Plants’ and ‘The Internet of Things’. Are these threats – or can they be opportunities?
The ICIS Word Base Oils & Lubricants Conference is a unique forum where relevant stakeholders from across the globe and from different parts of the lube value chains can come together and discuss areas of common interest. Alongside the long view of 5, 10, 15 years from now, you will also gain valuable current market intelligence regarding the latest trends and developments impacting the industry and supply/demand balances.