Afton Chemical (NewMarket Corporation)(NEU)
Afton Chemical Corporation (Richmond, Virginia; subsidiary of NewMarket Corporation; NYSE: NEU; ~$3B revenue) is a major global petroleum additive company producing fuel additives, lubricant additives, and specialty chemicals. Afton produces corrosion inhibitor products for petroleum fuels. In aviation, Afton has a minor CI market presence — its primary strength is lubricant additive packages and gasoline/diesel additives. Afton also has manufacturing at Ellesmere Port, UK, in the same industrial complex as Innospec, creating geographic clustering of aviation fuel additive production.