Volume 10 Issue 23
Indian Oil Corp. Ltd. and Nepal’s Golchha Group signed a joint venture agreement to manufacture lubricants in the Himilayan country to cater to the domestic market. The partnership will build a lube blending plant and market products under Indian Oil’s Servo brand.
Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating profits for Hyundai Shell Base Oil and Thai Oil’s base oil business, the companies indicated in earnings statements.
A Japanese university research group proposed a method combining machine learning and molecular dynamics calculations to evaluate the frictional properties of extremely confined lubricants with low shear velocities. The researchers said it could lead to clearer understanding of friction and lubrication dynamics in a wide range of system – and therefore to more effective lubrication.