Group III base oils attempt to break into wind turbine market dominated by PAOs
The world’s focus is shifting to environmentally friendly renewable energy sources. The International Energy Agency (IEA) predicts renewable power capacity will expand by 50% between 2019 and 2024, total growth of 1,200 gigawatts (GW). Renewable energy currently accounts for 26% of the world’s energy. IEA expects this share to surpass 30% in the next five…