Look.
The definition of synthetic is tricky. This has gone on for almost 3 years? now!
The answers to the rediculous
over asked question that you pose have been answered and answered and answered here.
Simplified version:
Group III oils are specially refined and heavily processed oils that resemble synthetic molecules more than natural molecules. The spectrographic similarity is almost better than PAO derived oils.
The Group III oils however have significant diversity (like Group II and Group I). The limits set are just that it has greater than xxx% saturates and less than xx% sulfur.
Newer processing plants like Petro Canada have nearly zero % sulfur (actually their Group III oil is safer and less harmful than baby oil). And nearly 100% saturates.
To say that they are not synthetic is well - true but not so true.
It is a foggy area only addressed by a marketing panel that Mobil Sued Castrol in front of.
Call the Kevin guy at API and ask if he can shed some light on it for you - he has sent some information packets to a few forum members that include the 2 part article published in lubricant's world on this subject.
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As far as Diesel engines go - regardless of output (as long as they have a lower output than mickeys or better oil cooling) teh Group III oils are essentially synthetic.
the only place that they break down performance wise is in the high 240+ degree temps and the sub -40 degree area.
The Group III oils have a significantly better additive solubility than Group IV/V oils, which means that you can use slightly less additives with significantly better results. They cost about 1/2 as much to make than Group IV and much much less than Group V oils.
Troy - if you want to try some 0W-30 I am sure we can arrange for you to recieve some - there are a few forum members that probably want to unload a bit of stock.