Volume 7 Issue 13

EV Push Will Fragment Auto Market

The shift toward electric vehicles will cause significant fragmentation in the types of powertrains used in automobiles, a Valvoline official said at a conference last week, and that will complicate the range of solutions that the lubricant industry needs to offer.

Profits Soar for Terpel

Colombian oil and gas company Terpel reported large increases in gross profit for its lubricants segment both for 2023 and the fourth quarter in Colombia and Peru, its two major geographical markets for lubricants.

Brazil Base Oil Output Jumps Again

Brazil produced 19% more base oil in February than in the same month last year, according to data released last week by a government agency, the second strong month in a row for domestic output.

From Other Editions of Lube Report

Grease Plant Construction Starts in Vietnam

Drone Attacks Target Rosneft Refinery

Germany Ends Down Year on Up Beat

Briefly Noted

Savant Group appointed Brian Miller chief operating officer. Midland-Michigan-based Savant Group is a consortium of companies providing products and services to the lubrication, transportation, energy, and manufacturing industries.

Liqui Moly USA promoted Dave Bibb to vice president of sales for the United States and Lenny Levac to vice president of sales for Canada.