More than 75 percent of the world’s lubricating grease is thickened with lithium hydroxide or lithium complex soap – but over 90 percent of the grease made each year in India is. Now India’s grease manufacturers say lithium hydroxide has been priced beyond their grasp, as electric cars and consumer electronics devour every available kilogram. Read More
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New Zealand’s competition regulator has granted Z Energy Ltd. approval to acquire Caltex fuels and lubricants marketer Chevron New Zealand provided it divests some assets, including 19 retail sites. Asia-Pacific is projected to see a 5.8 percent annual increase in alpha olefin demand by 2022 due to growth in the construction and automotive sectors, according to a report by Grand View Research. Hong Kong-based Cathay Pacific Airways selected U.S.-based lubricants supplier Eastman Aviation Solutions for a conversion of the airline’s main engine oil fleet-wide.