P.S.P. Specialties offers its GRAND and low-PAHs GRANDIS process oils to manufacturers in the world’s second-largest natural rubber-producing country
JAKARTA, Indonesia – As Indonesia and the European Union work toward bringing their Comprehensive Economic Partnership Agreement (IEU-CEPA) into force, targeted for early 2027, P.S.P. Specialties Public Company Limited (SET: PSP), Thailand’s leading specialty oils manufacturer, is expanding supply of its GRAND and GRANDIS rubber process oil ranges to Indonesia’s tire makers and its wider rubber goods industry, from footwear to automotive parts. Low-PAHs GRANDIS, compliant with EU REACH Annex XVII, helps producers compete on performance and compliance.
Mr. Sakesan Krongphanich, Deputy Chief Executive Officer of P.S.P. Specialties, noted that Indonesia is the world’s second-largest producer of natural rubber and home to leading domestic and global tire makers. It is also a major manufacturing base for other rubber products, from automotive hoses, seals and belts to footwear, where it ranks as the world’s sixth-largest exporter by value. Once in force, the IEU-CEPA is expected to remove tariffs on around 98% of tariff lines on both sides, widening access to Europe, where REACH rules strictly limit PAHs content in tire extender oils.
“Indonesia has everything a world-class rubber industry needs, starting with its natural rubber,” said Mr. Sakesan. “Manufacturers need process oils delivering consistent performance and meeting the standards of the markets they sell to. Our GRAND and GRANDIS ranges are built to do both.”
GRAND covers all three process oil chemistries, alongside the low-PAHs GRANDIS range:
- GRANDORA, an aromatic oil with high solvency and strong compatibility with natural rubber, is a workhorse for tire and rubber compounding.
- GRANDFENIX is a paraffinic oil that offers high stability, consistent color and low volatility, suiting light-colored rubber products.
- GRANDNEX is a naphthenic oil that helps rubber stay flexible at low temperatures.
- GRANDIS was developed to significantly reduce PAHs content compared with conventional aromatic oils, in line with EU REACH Annex XVII, making it a natural choice for export-bound tires and environmentally focused manufacturers.
Both ranges are made to TIS and ASTM specifications and comply with RoHS and REACH.
Founded in 1989, P.S.P. Specialties has more than 35 years of experience in the specialty oils business and exports to more than 50 countries. It has 44 million liters of annual rubber process oil capacity and holds around 45% of Thailand’s rubber process oil market, according to Kline (2025), supplying leading global and local tire manufacturers. Its technical team supports customers with formulation advice, trial batches and in-house PAHs testing. PSP is also developing a bio-based rubber process oil.
“We want to be more than a supplier to Indonesia’s rubber industry,” Mr. Sakesan added. “Our goal is to be a technical partner in the country’s push to add value to its rubber, supporting manufacturers to meet international standards and grow with confidence in regional, European and other markets.”
For more information about P.S.P. Specialties Public Company Limited: https://specialtyoils.psp.co.th
Symbol: PSP