Southeast Asia

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PV Oil Suffers Big Drop in Profits

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 ...

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Vietnam Weighs Tax Cut for Lubes

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

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

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

February 25, 2022

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

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Shell Mulls Group II in Singapore

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

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

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 ...

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Stockholders Aim to Privatize United Global

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

December 10, 2021

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

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Factory Will Make Castor Derivatives

December 10, 2021

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

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Lopal Bets Big on Battery Materials

November 19, 2021

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

Korean, Thai Firms Post Strong Results

Korean, Thai Firms Post Strong Results

November 12, 2021

South Korea’s Hyundai Shell Base Oil, the GS Caltex lube division and Thai Oil’s lube base oil business all reported ...

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Tax Change to Aid Malaysian Palm Producers

November 5, 2021

The government of Malaysia – the world’s second-largest palm oil producer – is raising the threshold of its windfa ...

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BASF-Petronas Boosts 2-EHA Output

October 15, 2021

A Malaysian joint venture between BASF and Petronas will double its capacity to make 2-ethylhexanoic acid due to growing ...

Profits Up for GS Caltex, Thai Oil

Profits Up for GS Caltex, Thai Oil

August 27, 2021

GS Caltex’s lube division, Thai Oil Group’s base oil business and KH Neochem’s performance materials segment all r ...

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Prescribing Oils for Indonesia’s B30

August 6, 2021

Since January of 2020, Indonesia has required the content of diesel sold within its borders to be 30% biodiesel by weigh ...

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Lithium Greases Rebound in China, India

June 18, 2021

Lithium greases made a small comeback in 2020 in Asia’s two largest grease markets, according to the latest survey by ...