Welcome
- 18:00
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- 20:00
- Welcome drinks and registration sponsored by Shamrock - The Market Tavern, 7 Shepherd Street, W1J 7HR
Open to all registered delegates and sponsored by Shamrock. Join your peers at The Market Tavern in Mayfair for a drinks reception to celebrate the start of your Global Base Oils Conference. This is a four minute walk from the conference venue.
Address:
The Market Tavern7 Shepherd Street
Mayfair
London
W1J 7HR
Day One
- 08:00
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- 9:00
- Registration and breakfast sponsored by BRB International BV
Optional pre-conference training
- 08:30
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- 09:10
- Breakfast briefing: How does refining economics affect the base oils market? Irina Vinogradova - Senior Manager Consulting, Argus
Grab your breakfast and a coffee and settle in for an intermediate pre-conference training on refinery economics, how base oils are produced and how supply can be impacted by feedstock and competing fuel prices.
- How do refinery configurations produce and impact different groups of base oils? Does refinery production vary between regions?
- Why does crude quality impact base oil output? How do crude, vacuum gasoil and competing fuel margins impact base oil supply and prices?
- How can refinery utilisation, maintenance and rationalisation impact base oil supply?
- What is the value of by-products of base oil production; waxes, RPOs and others.
Speaker:
- Irina Vingradova, Senior Manager - Consulting, Argus
Moderator:
- Catherine Caulfield, Business Development Manager - Oil Markets, Argus
Main conference begins
- 09:10
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- 09:15
- Conference welcome Emily Harris - Conference Producer, Argus
- 09:15
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- 09:20
- Chairperson's opening remarks Catherine Caulfield - Business Development Manager - Oil Markets, Argus
- 09:20
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- 09:50
- Keynote address: Positioning for success in a challenging lubes industry environment Chris Braggs - Basestocks Sales Manager for Europe, Africa & Middle East, Exxon Mobil
This session will be a presentation, followed by audience Q&A.
- What opportunities are available to the base oils and lubricants producers and suppliers in today’s changing market, and what are the macro-trends driving the industry?
- How can the industry best move forward and plan effectively to ensure security and quality of supply across the globe?
- Increasing sustainability and decarbonisation pressures are at the forefront of everyone’s mind. How is the base oil industry positioning itself and what decarbonization strategies might we see?
Speaker:
- Chris Braggs, Basestocks Sales Manager for Europe, Africa & Middle East, ExxonMobil
Moderator:
- Catherine Caulfield, Business Development Manager - Oil Markets, Argus
- 09:50
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- 10:20
- The big picture: Macroeconomics in a changing world David Fyfe - Chief Economist, Argus
This session will feature a presentation followed by audience Q&A.
- How have global commodity markets been affected by recent economic uncertainty and the conflict in Europe?
- How is trade, supply and pricing of commodities being affected?
- What role will energy security and independence play in the commodity markets?
Speaker:
- David Fyfe - Chief Economist, Argus
Moderator:
- Catherine Caulfield, Business Development Manager - Oil Markets, Argus
- 10:20
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- 11:00
- A dive into the geopolitical shocks on base oil supply Speakers include - DYM Resources GmbH, Penthol
How are players from across the base oils and lubricants supply chain planning in today’s market? This session will feature presentations followed by a short summary discussion and audience Q&A.
- How have sanctions on Russian crude and oil products affected the availability and quality of base oils?
- Where are Russian barrels going and what is the impact on global base oil trade flows? Where are alternate sources of crude and base oils emerging from?
- How are the base oils and finished lubricant supply chains being affected? Should we be prepared for more shortages?
Speakers:
- Denis Varaksin, Managing Director, DYM Resources GmbH
- Andrey Savin, Global Business Development Manager Base Oils and Specialties, Penthol
Moderator:
- Guo Harn Hong, Lead Analyst Base Oils, Argus
- 11:00
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- 11:30
- Morning coffee break
- 11:30
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- 12:15
- Argus presents: A global market update and pricing outlook Guo Harn Hong, Gabriella Twining, John Dietrich - Argus
- Gain global perspective with presentations from Europe, US and Asia market experts
- What are the latest supply-side developments that impact base oils, such as closures, new builds and expansions, across regions, are they sufficient to balance the market in the mid to long-term?
- What can we expect in the next 12 months in terms of supply and demand fundamentals and pricing impacts?
Speakers:
- Guo Harn Hong, Lead Analyst Base Oils, Argus
- Gabriella Twining, Associate Editor Base Oils - Europe, Argus
- John Dietrich, Base Oils Market Reporter - North America, Argus
- Jane Liu, Deputy Editor Base Oils, Argus
Moderator:
- Catherine Caulfield, Business Development Manager – Oil Markets, Argus
- 12:15
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- 13:00
- Consumer focus: Managing base oil supply and shortages Jayanta Chatterjee - Global Base Oil Procurement Director. Castrol
This session will feature a presentation from a key global consumer of base oil on the challenges as a buyer in the current uncertain supply market followed by audience Q&A.
- The base oils industry has experienced supply disruptions since the pandemic. How is the market dealing with a post-COVID shortage of base oils and feedstocks?
- How is the market reacting to the rapid decoupling in base oil and crude prices and the base oil supply shortages amidst demand rebound?
- What can the market learn from this unprecedented chain of events and be more resilient to adverse events.
Speaker:
- Jayanta Chatterjee, Global Base Oil Procurement Director, Castrol
Moderator:
- Irina Vinogradova, Senior Manager Consulting, Argus
Lunch
- 13:00
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- 14:30
- Lunch
Main conference resumes
- 14:30
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- 15:00
- Sustainability - More than just a buzzword? Dr. Valentina Serra-Holm - Vice President Engineered Fluids, Perstorp AB
This session will feature a presentation followed by audience Q&A.
- Sustainability is fast becoming a commodity market buzzword and businesses are feeling the pressure to create sustainable agendas – what policies are being put in place to enforce this?
- The European 'Green Deal' policies outline the path to net-zero by 2050. Can we expect to see formal legislation like this implemented in the UK and US?
- Re-refined base oils are in line with European Green Deal initiatives. How will the new EU polices promote rather than impede increased re-refined capacity and capabilities and what will this look like?
Speaker:
- Dr. Valentina Serra-Holm, Vice President, Engineered Fluids
Moderator:
- Guo Harn Hong, Lead Analyst Base Oils, Argus
- 15:00
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- 15:45
- The changing tide for re-refined base oils Speakers include - Avista Oil, Nynas, Tayras
- What are re-refined base oils and what role can re-refined base oils play in transitioning the industry towards sustainability goals?
- How has the role of re-refined base oils changed in recent times? Is the industry changing its view of them?
- Are re-refiners prepared to take on the competing industries for waste oil sourcing?
Speakers:
- Mario Majic, Head of Strategic Business Development, AVISTA OIL AG
- Marika Rangstedt, Sustainability Manager, Nynas
- Christian Hartmann, Chief Sustainability Manager, Tayras
Moderator:
- Gabriella Twining, Associate Editor Base Oils - Europe, Argus
- 15:45
- -
- 16:15
- Afternoon coffee break
- 16:15
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- 16:45
- Lubricant formulations: What is driving the change? Joanne Jones - Global Technology Director, Lubrizol
This session will feature a presentation on lubricant formulations, followed by a discussion interview and audience Q&A.
- What are the key drivers behind formulation changes today? How does engine technology, environmental drivers and legislation weigh up?
- How have formulations changed in the past decade for the passenger car motor oil (PCMO) and heavy-duty diesel engine oil (HDDEO) businesses? What does this mean for the current global base oil supply?
- What are the challenges facing new lubricant development?
Speaker:
- Joanne Jones, Global Technology Director, Lubrizol
Moderator:
- David Wright, Director General, UKLA
- 16:45
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- Day one closing remarks Emily Harris - Conference Producer, Argus
Drinks reception
- 16:45
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- 18:45
- Drinks reception sponsored by Lubrizol
Day Two
- 08:00
- -
- 09:00
- Registration and breakfast sponsored by BRB International BV
Main conference day two
- 08:55
- -
- 09:00
- Chairperson's opening remarks Guo Harn Hong - Lead Analyst Base Oils, Argus
- 09:00
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- 10:00
- Lubrizol additive training Chris Schmid - Senior Global Instructor, Lubrizol Performance Institute
Join Lubrizol for this session to learn more about additive formulation and manufacturing.
- Learn about a general lubricant formulation
- Review the differences between additive manufacturing vs finished formulation blending
- Find out about the importance of precise formulation to delivery approved performance
Speaker:
- Chris Schmid, Senior Global Instructor, Lubrizol Performance Institute
Moderator:
- Guo Harn Hong, Lead Analyst Base Oils, Argus
- 10:00
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- 10:45
- Who's best in class - petroleum, re-refined, synthetic, or bio-based lubricants? Speakers include - Nuspec Oil, Novvi
This session will feature short presentations and a panel discussion followed by audience Q&A.
- How do different lubricants compare in terms of sustainability, affordability, availability of supply and effectiveness?
- Where are we seeing interest in bio and synthetic lubricants coming from? Who is investing in these over petroleum-based lubricants and why?
- Can bio- and re-refined lubricants ensure the same quality as petroleum lubricants? How will quality be monitored and assured for end-users?
Speakers:
- Dr Natalia Stawniak, CEO & Founder, Nuspec Oil
- William Downey, SVP Business Development, Novvi
Moderator:
- Guo Harn Hong, Lead Analyst Base Oils, Argus
- 10:45
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- 11:15
- Morning coffee break
- 11:15
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- 11:45
- Marine focus: How is the global bunkering industry's move towards decarbonisation affecting the lubricant industry? Speakers include - MAN ES, Maersk
This session will feature presentations from an engine builder and marine lubricant producer followed by audience Q&A.
- The shipping industry is decarbonising ahead of current EU and IMO regulations. How does the move to marine biodiesel, methanol, ammonia and hydrogen impact marine lubricant formulations?
- Do conventional base oils still have a role to play for marine lubricants?
- What do new lubricants for marine biodiesel and future fuels look like? Where is there growing demand and opportunity for base oil and lubricant producers?
Speakers:
- Kjeld Aabo, Director of New Technology, MAN Energy Solutions
- Charlotte Spanggaard, Category Head - Lubricants, Maersk A/S
Moderator:
- Catherine Caulfield, Business Developer Manager - Oil Markets, Argus
- 11:45
- -
- 12:15
- How to deliver sustainable growth for your business James Moorhouse - Director, ABN Resource
This session is brought to you by our sponsor ABN Resource and is designed to equip your business with the skills needed to ensure long-term growth and bridge the oil industry skill gap.
- What challenges are facing the base oils and lubricants businesses and its personnel in 2023?
- Learn how to drive business performance and the importance of the power of people
- Content suitable for leadership and senior professionals who are serious about tackling change and meeting challenges head-on to deliver growth
Speaker:
- James Moorhouse, Director, ABN Resource
Lunch
- 12:00
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- 13:30
- Lunch
- 13:30
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- 14:00
- Latin American overview: Why are producers targeting this growth market? Kauanna Navarro & John Dietrich - Latin American & North American Market Reporters Base Oils, Argus
- Latin America’s changing domestic production and reliance on imports from North America, Europe, Russia and Asia
- How have global trends and the war in Ukraine impacted the Americas?
- How will planned maintenance in North America affect supply and demand in this region?
Speakers:
- Kauanna Navarro, Base Oils Market Reporter - Latin America, Argus
- John Dietrich, Base Oils Market Reporter - North America, Argus
Moderator:
- Jane Liu, Deputy Editor Base Oils, Argus
- 14:00
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- 14:30
- Innovation feature: Amazon rethinks supply chain logistics John McFall - Head of AWS Supply Chain, Transportation and Logistics, Amazon
This is a special presentation dedicated to industry innovation and invites attendees to rethink the fundamentals of business and engage with the future.
- How can you maximise the efficiency of your supply chain management with custom logistics data sourced with specialty technology?
- What is the value in rethinking supply chain logistics and how might this innovation help prevent supply issues the base oils industry is currently facing?
- Learn about the benefits of employing data and analysis to improve efficiency, maximise output and therefore increase profits in your business.
Speaker:
- John McFall, Head of AWS Supply Chain, Transportation and Logistics, Amazon
Moderator:
- John Dietrich, Base Oils Market Reporter North America, Argus
Conference concludes
- 14:30
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- 14:35
- Chairperson's closing remarks Guo Harn Hong & Catherine Caulfield - Lead Analyst Base Oils & Business Development Manager - Oil Markets, Argus
- 14:35
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- Conference concludes
Argus post-conference workshop
- 14:35
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- 15:15
- Argus pricing and methodology training Guo Harn Hong, Catherine Caulfield - Lead Analyst Base Oils & Business Development Manager - Oil Markets
Join Argus for this session to understand how to accurately determine spot market prices and forecast prices 12-months into the future.
- How important is accurate spot pricing for risk management and decision making?
- Learn about Argus’ bespoke base oil pricing methodology – how Argus assesses weekly spot prices, especially during times of low liquidity and volatile feedstock and competing fuel prices.
- What inputs does Argus incorporate in to the 12-month price forecast and how accurate are these numbers?