Southeast Asia

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Lube Report Asia - August 25, 2023

Thai Oil Group’s base oil business achieved higher net profit on lower sales revenue for the second quarter – a sale ...

Additive

Shell May Sell Singapore Refining

Lube Report Asia - August 25, 2023

Prospects for the future of Shell’s Singapore base oil plant have taken another turn as the company now is considering ...

Survey: China, India Shift from Lithium Greases

Survey: China, India Shift from Lithium Greases

Lube Report Asia - June 23, 2023

Use of lithium soap grease thickeners dropped significantly in China and South Asia in 2022, according to the latest ver ...

Petronas to Acquire, Upgrade Maleic Plant

Petronas to Acquire, Upgrade Maleic Plant

Lube Report Asia - June 16, 2023

Petronas Chemicals Group Bhd. is buying a maleic anhydride plant from its Malaysian joint venture with BASF and plans to ...

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Lube Report Asia - June 9, 2023

Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating prof ...

PSP Receives Nod for Stock Offering

PSP Receives Nod for Stock Offering

Lube Report Asia - May 26, 2023

Lubricant manufacturer P.S.P. Specialties Public Co. has obtained approval for its application for an initial public sto ...

Indonesian Market Forecast to Continue Growing

Indonesian Market Forecast to Continue Growing

Lube Report Asia - May 12, 2023

Indonesia’s lubricant demand is expected to grow to 1.32 billion liters per year by 2026, with automotive lube formula ...

Additive

ExxonMobil to Expand Indonesia Blend Plant

Lube Report Asia - April 14, 2023

As part of a strategy to grab a bigger share of Indonesia’s lubricant market, ExxonMobil plans to double the size of i ...

Shell Scratches Singapore Group II Plans

Shell Scratches Singapore Group II Plans

Lube Report Asia - March 31, 2023

Shell has decided not to build an API Group II base oil plant at its Singapore fuels and chemicals complex, according to ...

AP Oil Reports Decreased Profits

AP Oil Reports Decreased Profits

Lube Report Asia - March 24, 2023

Singaporean independent lubricant blender AP Oil International Ltd. reported declines of 60% in net profit for full-year ...

Results Mixed in Sri Lanka, Pakistan, Vietnam

Results Mixed in Sri Lanka, Pakistan, Vietnam

Lube Report Asia - March 10, 2023

Chevron Lubricants Lanka Plc reported a drop in profit for the quarter ending Dec. 31 but a huge increase in its bottom ...

Profits Down for GS Caltex, Thai Oil in 2022

Profits Down for GS Caltex, Thai Oil in 2022

Lube Report Asia - February 17, 2023

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth qua ...

Car and Truck Sales Rose in Southeast Asia

Car and Truck Sales Rose in Southeast Asia

Lube Report Asia - February 10, 2023

In Southeast Asia in 2022, sales of four-wheel automobiles rose 23%, while sales of motorcycles and scooters in four key ...

Malaysia Revises Engine Oil Standards

Malaysia Revises Engine Oil Standards

Lube Report Asia - January 27, 2023

Malaysia will be revising its engine oil standards to include American Petroleum Institute performance specifications an ...

Thailand Picked for Biobased Acids Plant

Thailand Picked for Biobased Acids Plant

Lube Report Asia - January 27, 2023

French biochemical company Afyren and Thai sugar producer Mitr Phol Group will partner to establish a biorefinery in Tha ...

Moresco Reports Increased Sales

Moresco Reports Increased Sales

Lube Report Asia - January 13, 2023

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants ...

ExxonMobil Keeps Thailand Lubes Business

ExxonMobil Keeps Thailand Lubes Business

Lube Report Asia - January 13, 2023

ExxonMobil announced yesterday that it will create a new company for its finished lubricants and chemicals business in T ...

Asean Lube Demand Projected to Grow

Asean Lube Demand Projected to Grow

Lube Report Asia - January 6, 2023

Lubricant demand in nine major Association of Southeast Asia Nations countries is projected to grow by a compound annual ...