Volume 10 Issue 23

Indian Oil Enters Joint Venture in Nepal

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.

Profits Surge for Hyundai Shell Base Oil, Thai Oil

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.

Machine Learning to Study Molecular Dynamics

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.

From Other Editions of Lube Report

U.S. Base Oil Exports Rise, Imports Fall

Chile to Nationalize Lithium Industry

Hill Plans Rerefinery in Lithuania

Briefly Noted

Pertamina Lubricants and Berkah Industri Mesin Angkat, a maintenance and port engineering company, signed a cooperation agreement supporting the Indonesian port industry. The two companies will provide lubricants for machinery and equipment in the port environment in Indonesia, including ships entering and leaving the ports.