Volume 9 Issue 33
Prospects from Sapref Buy-out Debated
August 14, 2024The state’s acquisition of the Sapref refinery in Durban could revive local base oils production in South Africa’s import-dependent lubricant market.
The Arduous Path of Rerefining in Asia
August 14, 2024As global environmental concerns and sustainability efforts continue to grow, many governments have started to implement more stringent regulations focusing on waste reduction, segregation and recycling.
Chevron Leaving San Ramon
August 14, 2024After 145 years in California, the second-biggest U.S. oil company, Chevron, is moving to Texas, the traditional home of America’s oil industry.
Mixed Financial Results for Luberef
August 14, 2024High base oil prices and sterling volume sales didn’t translate into profitability for Saudi Aramco Base Oil Co., known as Luberef. Narrow crack spreads for base oils and by-products caused gross profit to slump by more than a third in the first half of 2024.
Police Swoop on Fake Oil Factory
August 14, 2024Law enforcement over the weekend seized drums of counterfeit Castrol engine oil and packaging during a raid in the city of Bhadohi, Uttar Predesh province, India.
From the Previous Edition
August 14, 2024Societal Shifts Shape Asia Lube Trends
Briefly Noted
August 14, 2024Lubricant Expo returns for its third year Sept. 17-19 in Dusseldorf, Germany. | TotalEnergies will sell its 50% stake in Total Parco Pakistan to a commodities trading company. Parco has a retail network of more than 800 service stations across Pakistan, as well as fuel logistics and lubricants operations. | Gulf Oil Lubricants India Ltd. appointed Sandeep Bangia as the new head of strategy, transformation and e-mobility. | Idemitsu Kosan Co. developed a new SAE 0W-20 racing engine oil that uses more than 80% plant-based raw materials.