Southeast Asia

PSP Buys Stake in Recycle Engineering
Evening rush hour in Bangkok. © Mumemories

PSP Buys Stake in Recycle Engineering

April 16, 2025

Thai lubricant company PSP Specialties Public Co. bought 65% of chemical recycling provider Recycle Engineering, PSP ann ...

Exports Aid Thailand PSP Continued Growth

Exports Aid Thailand PSP Continued Growth

March 31, 2025

Thai lubricant blender PSP Specialties Public Co. Ltd announced a 57% jump in net profit for the financial year 2024 and ...

Singapore Firm Buys Savant Group

Singapore Firm Buys Savant Group

March 12, 2025

Singaporean investment holding company Paeonia Group has acquired Savant Group for an undisclosed sum.

Singapore Base Oil Exports Drop Again

Singapore Base Oil Exports Drop Again

February 5, 2025

Weekly base oil exports from Singapore slumped to their lowest in 11 months, while imports surged, according to data co ...

No Vietnam Eco Tax Hike on Fuels and Lubes

No Vietnam Eco Tax Hike on Fuels and Lubes

January 8, 2025

The Vietnamese National Assembly will not raise the green tax on fuels and lubricants in 2025. Maintaining the rate thro ...

Pentas Flora Upgrades Rerefinery

Pentas Flora Upgrades Rerefinery

November 20, 2024

View from Banting, Malaysia, site of Pentas Flora’s waste oil rerefinery.

Gazpromneft Singapore Unit Calls it Quits

Gazpromneft Singapore Unit Calls it Quits

October 23, 2024

Gazpromneft’s Singapore subsidiary, Gazpromneft Marine Lubricants, will close down after a final general meeting of bo ...

Chinese Adco Eyes Foreign Markets

Chinese Adco Eyes Foreign Markets

October 16, 2024

Aorun is a relative newcomer to the lubricant additives business and is one of several Chinese companies looking to supp ...

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Thailand Lube Sales Regain Covid Losses

July 17, 2024

Lubricant sales in Thailand are expected to recover to pre-Covid levels, said an official from the Department of Energy ...

Additive

Shell Expands Thai Grease Plant

June 28, 2024

Shell announced last week that it has completed an expansion of its grease manufacturing plant in Bangkok, tripling the ...

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Petronas, Iceotope Tie Up for Coolants

June 14, 2024

Malaysia’s Petronas Lubricants International has tied up with United Kingdom-based Iceotope to develop coolants for da ...

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PSP Receives Capital Infusion

June 7, 2024

PSP Specialties announced recently that it has entered a share purchase agreement with an investment fund focused on pro ...

Profit Up at PSP, Down at Lanka IOC

Profit Up at PSP, Down at Lanka IOC

May 24, 2024

Independent Thai lubricant maker P.S.P. Specialties Public Co. reported hefty increases in net profit and sales revenue ...

Shell Sells Singapore Refining Complex

Shell Sells Singapore Refining Complex

May 10, 2024

A joint venture led by Indonesian chemical company Chandra Asri has agreed to buy Shell’s fuels and petrochemical refi ...

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Indonesia Simplifies Import of Base Stocks

May 10, 2024

Indonesia has streamlined its import requirements for lubricant base stocks, which may boost the government’s call for ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

AP Oil Posts Lower Profits, Sales in 2023

AP Oil Posts Lower Profits, Sales in 2023

April 12, 2024

Singaporean lubricants blender AP Oil International Ltd. reported steep declines in net profit and sales revenue for 202 ...