RICHMOND, Virginia, April 21, 2022–(BUSINESS WIRE)–Afton Chemical is pleased to announce its latest development in diesel fuel detergent technology, Greenclean™ 3, now available in North America. This powerful and innovative technology builds on the successful and proven first generation Greenclean™ platform. With its more robust detergent system, Greenclean™ 3 will continue to improve the operation of heavy-duty fleets and off-road equipment that contain the latest engine technology and emission control devices.
Benefits of Greenclean™ 3 detergent technology include protection against traditional deposits and internal injector deposits, improved filterability, improved stability, reduced emissions and improved fuel economy. This new platform also incorporates other additive combinations to meet performance needs such as lubrication, cetane and cold flow improvers to minimize the complexity of handling multiple additives.
Roman Olini, Commercial Vehicle Marketing Manager for the Americas, acknowledged Afton’s extensive industry experience in developing this latest generation of Greenclean™ detergent technology. “We have developed this platform building on Afton’s long tradition of technical expertise and real-world experience in the diesel fuel segment. We are proud to launch an efficient new product line that maintains the strengths of our current technology while continuing to deliver peak performance across all segments of the commercial vehicle space,” he said.
Tim Brennan, Fuels Technical Services Manager, said, “This new detergent system is proven in the United States under real world conditions validating very robust fuel economy benefits.”
About Afton Chemical Corporation:
Afton Chemical Corporation is part of the NewMarket Corporation (NYSE: NEU) family of companies. Afton Chemical Corporation uses its formulation, engineering and marketing expertise to help customers develop and market fuels and lubricants that reduce emissions, improve fuel economy, extend equipment life , improve operator satisfaction and reduce the total cost of operation of vehicles and equipment. Afton Chemical Corporation develops and sells an extensive line of unique additives for gasoline and distillate fuels, transmission fluids, motor oils and industrial lubricants. Afton Chemical Corporation supports global operations through regional headquarters located in Asia Pacific, EMEAI, Latin America and North America. Afton Chemical Corporation is headquartered in Richmond, Virginia. For more information, visit www.aftonchemical.com.
Greenclean™ and Greenclean™ 3 are registered trademarks owned by Afton Chemical Corporation.
Caution Regarding Forward-Looking Statements:
Certain of the information in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements regarding the benefits of the company’s manufacturing expansion and statements regarding plans to the company’s long-term global growth. Although NewMarket’s management believes that its expectations are based on reasonable assumptions within the limits of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations.
Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions in generation facilities, including single-source facilities; risks common to chemical companies; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; sudden or sharp increases in commodity prices; competition from other manufacturers; current and future governmental regulations; the gain or loss of significant customers; inability to attract and retain a highly skilled workforce; a computer system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters; terrorist attacks and health-related epidemics such as the COVID-19 pandemic; risks associated with operating outside the United States; political, economic and regulatory factors affecting our products; our inability to realize expected benefits from investment in our infrastructure or from recent or future acquisitions, or our inability to successfully integrate recent or future acquisitions into our business; and other factors detailed from time to time in reports NewMarket files with the Securities and Exchange Commission, including the Section 1A risk factors. “Risk Factors” of our 2021 Annual Report on Form 10-K, which is available to shareholders upon request.
You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the company. We undertake no obligation and do not intend to update or revise any forward-looking statements in this discussion after the date hereof, except as required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statements made in this discussion, or elsewhere, may not occur.
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Americas: Lauren Packard at +1 804 788 6081 or Lauren.Packard@AftonChemical.com