Volume 9 Issue 52
U.S. Base Oil Demand Slumps, Exports Soar
December 25, 2024Domestic base oil demand in the United States has steadily declined over the past two years, pushing suppliers to boost exports in order to keep the market from being oversupplied, industry analysts told delegates at the ICIS Pan American Base Oils and Lubricants Conference in early December.
HPCL Pumps Money into Base Oil Production
December 25, 2024Hindustan Petroleum Corp. Ltd is investing U.S.$551 million on expanding base stocks production at its Mumbai refinery, the company announced.
Fergana Starts New Refinery Units
December 25, 2024The Fergana refinery in Uzbekistan will start up a hydrogen generator to supply gas to a hydrocracker currently under construction. The new units are part of an ongoing refinery modernization to improve output quality and volume.
China Base Oil Imports Sagged in November
December 25, 2024Base oil imports to China fell 26% in November, compared to the same month of 2023, as this year’s incoming shipments continued running well behind last year.
Associations Roll Out Carbon Footprint Tool
December 25, 2024Europe’s two leading lubricant associations launched their product carbon footprint calculation tool this week, vital to reducing greenhouse gas emissions across the lubricants value chain.
Briefly Noted
December 25, 2024Lubrizol India is on a hiring spree. The company is looking for 600 employees to staff its growing operations in the country, where it has said it will spend U.S.$350 million on new production facilities. Lubrizol Corp. announced plans to build a $200 million factory in India to make chemical additives for lubricants and automotive and industrial fluids.
Saneg Oil Italy, a lubricants operator owned by Uzbek energy company Saneg, has started exporting lubricants to Portugal. The local distributor Portuguese Lubrifuel took consignment of 27 tons of motor oils, industrial oils and greases.
Enso Oils & Lubricants is now the official Indian distributor of Gazpromneft-Lubricants’ G-Energy brand.
Liqui Moly launch its new Special Tec T generalist motor oils for the Australian market. The range was designed and formulated in Germany and produced in Thailand. Producing the oils in Thailand reduces costs for Australian customers.