Asia

South Korea Base Oil Exports Slide in November

South Korea Base Oil Exports Slide in November

Lube Report Asia - December 15, 2023

South Korea exported 10% less base oil in November than in the same month of last year, and the reported value of the ex ...

China to Ban Short-Chain Chlorinated Paraffins

China to Ban Short-Chain Chlorinated Paraffins

Lube Report Asia - December 8, 2023

China’s government will prohibit the use of short-chain chlorinated paraffins beginning Jan. 1, aligning with numerous ...

Hi-Tech Lubricants’ Profits, Sales Rebound

Hi-Tech Lubricants’ Profits, Sales Rebound

Lube Report Asia - December 8, 2023

Blender Hi-Tech Lubricants reported strong rebounds in net profit and operating profit for its lubricants segment in the ...

Profits Up at Castrol India, Gulf, GP

Profits Up at Castrol India, Gulf, GP

Lube Report Asia - December 1, 2023

Crude oil price volatility, inflation and global uncertainties were among the factors cited by India lubricant companies ...

Additive

Arteco Builds Coolants Factory in China

Lube Report Asia - December 1, 2023

Citing opportunity in the booming electric vehicle market, Belgium-based Arteco announced recently that it is building a ...

Japan Lube Production Dipped in October

Japan Lube Production Dipped in October

Lube Report Asia - December 1, 2023

Japan’s production of finished lubricants decreased 3%, while domestic lubricant sales climbed 12% in October, accordi ...

Profits up for MJL, Eastern Lubricants

Profits up for MJL, Eastern Lubricants

Lube Report Asia - November 24, 2023

MJL Bangladesh and Eastern Lubricants Blenders reported large improvements in sales and profits for the quarter ended Se ...

Additive

BASF-YPC Makes Ethanolamines in China

Lube Report Asia - November 24, 2023

Sinopec and BASF recently inaugurated the downstream expansion of their petrochemicals joint venture in Nanjing, China ...

China Base Oil Imports Decline

China Base Oil Imports Decline

Lube Report Asia - November 24, 2023

China has been a net base oil importer in the past few years, but supplies coming from abroad are decreasing as its dome ...

Earnings Climb at Yushiro, KH Neochem

Earnings Climb at Yushiro, KH Neochem

Lube Report Asia - November 17, 2023

Profits and sales for the quarter ended Sept. 30 surged for Japanese metalworking fluids and industrial fluids manufactu ...

South Korea Base Oil Exports Jumped in October

South Korea Base Oil Exports Jumped in October

Lube Report Asia - November 17, 2023

South Korea base oil exports rose 23% in volume and by 25% in declared value in October, according to data released this ...

South Korea Market Forecast to Barely Grow

South Korea Market Forecast to Barely Grow

Lube Report Asia - November 10, 2023

South Korea’s economy may be rebounding and vehicle sales within the country continuing to expand, but that will barel ...

Profits Fall for Thai Oil, Chevron Lanka

Profits Fall for Thai Oil, Chevron Lanka

Lube Report Asia - November 10, 2023

Thai Oil Group’s base oil business suffered steep declines in net profit and sales revenue for the third quarter due i ...

Additive

Researchers Use Electricity to Reduce Friction

Lube Report Asia - November 10, 2023

A research group led by two universities in Japan recently announced a new technology that uses dielectrophoresis – el ...

Profits Fall for Korean Base Oil Suppliers

Profits Fall for Korean Base Oil Suppliers

Lube Report Asia - November 3, 2023

The SK Enmove base oils and lubricants business, S-Oil’s base oils and lubricants business and joint venture Hyundai S ...

Japan Market Shrank Again in September

Japan Market Shrank Again in September

Lube Report Asia - November 3, 2023

Japan’s production of finished lubricants decreased 7%, while domestic sales were down 4% in September, a government a ...

Eneos Shutters Wakayama Refinery

Eneos Shutters Wakayama Refinery

Lube Report Asia - October 26, 2023

Eneos Corp. this month permanently closed its crude oil refinery in Arida city, Wakayama prefecture, Japan, including it ...

China Extends Tax Break for Rerefined Oils

China Extends Tax Break for Rerefined Oils

Lube Report Asia - October 26, 2023

China’s government announced last month a four-year extension of a consumption tax exemption for petroleum products ma ...