Public-private partnerships (PPPs) are an essential tool to satisfy and advance infrastructure needs worldwide. If planned, designed and implemented properly, PPPs can contribute to national development and growth across all socioeconomic sectors, benefiting private- and public-sector players.

The global lubricants and base oil markets have had a challenging start to the new millennium. Annual growth has, on average, been well below global GDP growth due to technology improvements in transportation and industry. Furthermore, changing standards are leading to a gradual replacement of Group I-based products to Group II- and III-based products, resulting in plant closures around the world. However, the lower oil prices might lead to temporary relief for Group I producers and an additional boost for the entire industry.