China

Lopal Posts Higher Revenue, Lower Volume

Lopal Posts Higher Revenue, Lower Volume

July 14, 2023

Chinese lubricant marketer Lopal Tech Co. reported a 9% increase in first quarter sales revenue for its lubes segment de ...

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China Industry Wants Domestic Viscosity Modifiers

July 14, 2023

In step with central government goals for a wide range of sectors, China’s lubricant industry is in a hurry to develop ...

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Satellite Plans Another PAO Plant in China

July 7, 2023

The march of China companies stepping into the polyalphaolefin business continues, as acrylic acid producer Satellite Ch ...

Richful Q1 Profits, Sales Rise

Richful Q1 Profits, Sales Rise

July 7, 2023

China’s Richful Lube Additives Co. reported an 88% jump in net profit for and a 58% rise in sales revenue for the firs ...

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China Gets Ahead of Wind, Solar Targets

June 30, 2023

Although China is on track to double its wind and solar capacity by 2025 – five years ahead of its government’s targ ...

Resurgent Auto Lube Sales Boost Copton Profits

Resurgent Auto Lube Sales Boost Copton Profits

June 30, 2023

Chinese lubricants blender Qingdao Copton Tech Co. reported a 12% increase in first quarter net profit, compared to the ...

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Moresco to Relocate China Lubes to New Plant

May 5, 2023

Specialty lubricant manufacturer Moresco Corp has started construction of a plant in Haining city, Zhejiang province, in ...

Profits Drop for Copton

Profits Drop for Copton

May 5, 2023

Copton Tech reported that its net profit plunged 92% and that its operating income fell 20% in the fourth quarter, while ...

Lopal Earnings Took a Dive in 2022

Lopal Earnings Took a Dive in 2022

April 28, 2023

Jiangsu Lopal Tech Co. reported a 26% decline in operating income and a 36% drop in sales volumes for its lubricants seg ...

Richful Additives Profit Nearly Triples

Richful Additives Profit Nearly Triples

April 14, 2023

China’s Richful Lube Additives reported that its lubricant additives operating income surged 188% in 2022, while its o ...

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Slowdown Squeezes Metalworking Fluid Suppliers

April 14, 2023

Chinese metalworking fluid manufacturers must make big changes in how they run businesses to survive, as they are increa ...

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China Base Oil Imports Expected to Stay Down

April 7, 2023

Base oil imports to China, which are mainly API Group III base oils and high-viscosity Group II, dropped 16% to 1.8 mill ...

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China Power Shortages Could Boost Wind Energy

March 31, 2023

High coal prices caused a number of power shortages during 2021, and this could represent a growth opportunity for the c ...

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CNOOC-Shell Select Technology for LAO Project

March 10, 2023

Shell and China National Offshore Oil Co. are moving forward with plans to begin producing linear alpha olefins at their ...

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Lopal Forms Pact with SAIC-GM-Wuling

February 24, 2023

Lopal Technology Co. announced last week that it has reached a framework agreement with electric automaker SAIC-GM-Wulin ...

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Dongfeng Castrol JV Plant Starts Production

February 24, 2023

The Dongfeng Castrol Oil Products Co. Ltd. joint venture announced early last month the first batch trial lubricants pro ...

China Charging Ahead in E-mobility Race

China Charging Ahead in E-mobility Race

February 22, 2023

China has the most extensive range of electric vehicles on offer, with an eye-popping 300 EV models available. Europe's ...

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Handi Boosts Group III Output

February 10, 2023

Handi Sunshine Petrochemical has begun commercial production of API Group III base oils at its expanded base oil plant i ...