Volume 10 Issue 22
Avista Partners with IFP Petro in IndiaJune 1, 2023
India 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 AprilJune 1, 2023
Japan’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 WaterJune 1, 2023
Adverse 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 ReportJune 1, 2023
North Dakota Project Would Make GTL Base Oils
U.S. Base Oil Production Fell in March
Briefly NotedJune 2, 2023
Siddharth Sachdeva, director of United Arab Emirates-based Trinity Lubes & Greases FZC, was appointed president of the National Lubricating Grease Institute India Chapter.