Volume 10 Issue 22
Avista Partners with IFP Petro in India
June 1, 2023India rerefiner IFP Petro Products announced last week that it has entered a partnership with Germany-based Avista Oil AG to expand its rerefining and other operations. Avista officials said the venture allows the company to expand into India, which they described as an attractive rerefining market.
Japan Lubes Output Fell in April
June 1, 2023Japan’s lubricants production volume declined 16%, and its domestic lubricants sales volume dropped 46% in April, compared to volumes in the same month last year, a Japanese government agency reported Wednesday. Lubricants exports for the month decreased 14% to 59,790 kL.
Profits Up for Balmer Lawrie, GP, Tide Water
June 1, 2023Adverse trends in supply chain and sales, including unstable base oil prices and rupee depreciation, were among market factors cited by Indian companies in earnings announcements for the quarter ending March 31, the fourth fiscal quarter of most companies in India.
From Other Editions of Lube Report
June 1, 2023North Dakota Project Would Make GTL Base Oils
Briefly Noted
June 2, 2023Sudhir Sachdeva, director of United Arab Emirates-based Trinity Lubes & Greases FZC, was appointed president of the National Lubricating Grease Institute India Chapter.