Oil Additives News

Evonik to Raise Prices for VISCOPLEX® and VISCOBASE® Oil Additives and Synthetic Base Oil Products

Darmstadt, Germany - March 3rd, 2014

Evonik Industries‘ oil additives business
line, headquartered in Darmstadt, Germany, announced today that they
will increase prices for the VISCOPLEX® and VISCOBASE® product lines,
effective from March 15, 2014.

The oil additives team at Evonik has taken a leadership role in
developing lubricant additive technology designed to improve fuel
efficiency and productivity. Energy-saving results have been
demonstrated with VISCOPLEX® Viscosity Index Improvers (VIIs) in engine
oils, driveline fluids and gear oils. Industrial and off-highway equipment
field tests have also recorded up to double-digit improvements in fuel
savings with DYNAVIS® technology for hydraulic fluids, reducing
operating costs as well as CO2 emissions. Evonik’s VISCOBASE®
technology offers an ideal balance between a very shear-stable VII and a
synthetic base fluid, providing excellent solvency in automotive gear oil
formulations such as heavy duty axle oils and manual transmission
fluids. In all of its many applications, the oil additives team at Evonik
strives for Resource Efficiency.

The oil additives business line of Evonik Industries also specializes in
high-performance additives and technologies for fuels and refinery
products. Evonik’s VISCOPLEX® Cold Flow Improvers (CFIs) provide
outstanding flow properties for biofuels in any region or season.
VISCOPLEX® dewaxing aids (DWAs) are designed for refinery solvent
dewaxing processes that involve differing lube oil viscosity grades,
especially bright stocks.

Advanced regional technology centers, modern global manufacturing
centers, and a secure and reliable supply chain worldwide enable Evonik’s continuous development of customized solutions for customers
anywhere on earth.

Evonik, the creative international industrial group, is one of the world
leaders in specialty chemicals. Its activities focus on the key megatrends
resource efficiency, health, nutrition and globalization. Evonik benefits
specifically from its innovative strength and integrated technology
platforms. Evonik is active in over 100 countries around the world. In
fiscal 2012 more than 33,000 employees generated sales of around
€13.6 billion.

Contact

Dick Williams

Global Communications Manager

  • Disclaimer

    In so far as forecasts or expectations are expressed in this press release or where our
    statements concern the future, these forecasts, expectations or statements may involve
    known or unknown risks and uncertainties. Actual results or developments may vary,
    depending on changes in the operating environment. Neither Evonik Industries AG nor its
    group companies assume an obligation to update the forecasts, expectations or statements
    contained in this release.