Asia

Asia-Pacific’s wind power capacity reached almost 56 gigawatts in 2020, a 78% increase from 2019, according to data released last week by the Global ...

Hong Kong-based Yip’s Chemical Holdings Ltd.’s lubricants business reported higher operating profit and sales for the full year 2020, boosted by d ...

Base oil exports from South Korea dropped 9% in 2020, according to data published by the Korea Customs Service, due to the impacts of the COVID-19 pan ...

Japanese metalworking fluids and industrial oil producer Yushiro Chemical Industry Co. reported steep drops in operating profit and sales for the quar ...

DuPont said last week that it is investing $40 million to construct specialty lubricant manufacturing units at existing factories in Japan and in the ...

Japan consumed 111,525 kiloliters of finished lubricants in January, a 13% decrease from 128,237 kL in January 2020, according to data released this w ...

DuPont said last week that it is investing $40 million to construct specialty lubricant manufacturing units at existing factories in South Carolina an ...

Dow signed a memorandum of understanding Thursday to build a specialty chemicals hub in Zhanjiang, China. The $250 million project will make chemicals ...

Asia’s base oil market experienced whiplash over the past year, as the impacts of COVID-19 pandemic shutdowns caused a cascading wave of effects on ...

Chevron Lubricants Lanka Plc reported higher profits, and Japan’s KH Neochem Co. posted declines in operating profit for the fourth quarter and full ...

Zeller+Gmelin Expands in China

February 26, 2021

German lubricant Zeller+Gmelin said this week that it is expanding in China, relocating into a larger factory after agreeing to buy out its joint vent ...

China Lube Demand Keeps Rising

February 26, 2021

China’s lube demand is projected to grow about 3% to 8.2 million tons in 2021, boosted by demand stemming from new infrastructure projects, accordin ...

South Korean base oil refiners GS Caltex and Hyundai Shell Base Oil both reported sharply higher operating profit for the fourth quarter of 2020, whil ...

SK Innovation is reportedly preparing to accept final bids for a 49% stake in SK Lubricants, and news organizations are speculating that the company c ...

For the quarter ending Dec. 31, profits were up for India’s Tide Water Oil Co., GP Petroleums Ltd. and Continental Petroleums Ltd., along with MJL ...

Japan Demand Fell in 2020

February 12, 2021

Japan consumed 1.4 million kiloliters of finished lubricants in 2020, down 13% from 1.6 million kL in 2019, according to data released Feb. 9 by a gov ...

Gulf Oil Lubricants India Ltd., Apar Industries’ transformer oil and specialty oil segment, Balmer Lawrie’s grease segment, Savita Oil and Maximus ...

Lub-rref Wrapping Up IPO

February 5, 2021

Bangladesh lubricant marketer Lub-rref began the second half of its initial public stock offering last week, opening its sale of shares to the public ...

Castrol India reported a 30% decline in profits for 2020, although the company said it rebounded during the second half of the year, as demand gradual ...

Among South Korean base oil refiners, SK Lubricants posted lower operating profit and S-Oil reported much higher operating income for 2020, while both ...