Albemarle Corporation, a leading developer and manufacturer of antioxidants for lubricants, petroleum and biodiesel fuels, announced last Monday that it will increase the price of ETHANOX® 4703 on all shipments globally by $0.95/kg effective immediately, or as contracts allow.
According to its website, ETHANOX 4703 is a hindered phenol, aliphatic amine type anti-oxidant used in Industrial lubricants, steam turbine oils, R&O oils, hydraulic fluids, transformer oils, industrial gear oils and grease. ETHANOX antioxidants enhance the stability, improve the performance and extend the storage life of lubricants and fuels used worldwide.
Albemarle's antioxidants business is part of the Polymer Solutions business segment.