Southeast Asia

ExxonMobil Continues Group II Expansion
Reactor being installed as part of ExxonMobil’s base oil expansion in Singapore. Photo courtesy of ExxonMobil Asia Pacific

ExxonMobil Continues Group II Expansion

Lube Report Asia - July 1, 2022

ExxonMobil is evaluating the possibility of building capacity to make API Group III base oils, according to the head of ...

Vietnam to Cut Tax on Lubes, Greases

Vietnam to Cut Tax on Lubes, Greases

Lube Report Asia - June 24, 2022

Vietnam plans to slash its environmental protection tax on lubricants and greases by about one-third to help companies c ...

Petronas to Acquire Perstorp

Petronas to Acquire Perstorp

Lube Report Asia - May 20, 2022

Malaysia’s Petronas Chemicals Group Berhad announced Tuesday it will acquire Sweden-based specialty chemicals company ...

Two-wheeler Sales Dip in Indonesia

Two-wheeler Sales Dip in Indonesia

Lube Report Asia - April 29, 2022

Indonesia’s sales and exports of motorcycles fell by double digits in March, compared to the same month last year, but ...

Fuchs Plans Lube Plant in Vietnam

Fuchs Plans Lube Plant in Vietnam

Lube Report Asia - April 15, 2022

A year after forming a joint venture in Vietnam, Fuchs Petrolub SE has purchased land to build a finished lubricant fact ...

PV Oil Suffers Big Drop in Profits

PV Oil Suffers Big Drop in Profits

Lube Report Asia - March 25, 2022

Vietnam’s PV Oil Lube JSC reported a steep drop of more than 80% in profit after tax for 2021, compared to the prior y ...

Vietnam Weighs Tax Cut for Lubes

Vietnam Weighs Tax Cut for Lubes

Lube Report Asia - March 18, 2022

Vietnam plans to reduce its environmental protection tax for greases, lubricants and other oil products, effective April ...

AP Oil Cites Hurdles Despite Gains

AP Oil Cites Hurdles Despite Gains

Lube Report Asia - March 18, 2022

Singaporean independent lubricant blender AP Oil reported higher net profit but lower sales for the second half of 2021 ...

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Thailand Wants Biolubes Industry

Lube Report Asia - March 11, 2022

Thai officials working to foster agriculture-based industry have highlighted lubricants as one of two types of products ...

Profits Jump for Thai Oil Base Oils

Profits Jump for Thai Oil Base Oils

Lube Report Asia - February 25, 2022

State-owned Thai Oil Group’s base oil business reported increased net profit and sales for the fourth quarter and the ...

Shell Mulls Group II in Singapore

Shell Mulls Group II in Singapore

Lube Report Asia - February 11, 2022

British energy giant Shell is considering building an API Group II base oil unit at its refinery on Singapore’s Pulau ...

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Malaysia Updates Biodiesel Timeline

Lube Report Asia - January 14, 2022

Malaysia aims to fully switch to B20 diesel by the end of this year, according to a Reuters report, completing a transit ...

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Fuel Supplier NSH Delves into Lubes

Lube Report Asia - January 7, 2022

A leading fuel retailer in southern Vietnam is dipping its toe into the lubricants business as it searches for ways to c ...

Stockholders Aim to Privatize United Global

Stockholders Aim to Privatize United Global

Lube Report Asia - December 17, 2021

An investment firm representing the main stockholders of United Global Ltd. announced on Dec. 10 an unconditional cash o ...

UMW Reports Sales Drop

UMW Reports Sales Drop

Lube Report Asia - December 10, 2021

UMW Holdings Bhd. reported slightly lower sales of lubricants and related products for the nine months ending Sept. 30, ...

Factory Will Make Castor Derivatives

Factory Will Make Castor Derivatives

Lube Report Asia - December 10, 2021

France-based Arkema announced on Monday a 50% increase in global capacity for its Oleris castor oil derivatives, which a ...

Lopal Bets Big on Battery Materials

Lopal Bets Big on Battery Materials

Lube Report Asia - November 19, 2021

Over the past two decades, Lopal Technology Co. grew rapidly to become a major player in China’s lubricant market. Now ...