Petronas Chemicals Group Bhd. is buying a maleic anhydride plant from its Malaysian joint venture with BASF and plans to upgrade the facility to produce a refined form of the chemical – in part to meet rising demands from customers in Asia-Pacific and India.

A rebound in base oil sales helped Eastern Lubricants Blenders achieve massive improvements in profit and revenue for the quarter ended March 31, while MJL Bangladesh’s profit fell 7%, in part due to rising administrative and selling expenses.

The June issue explores the rich world of lubricant additives. Get a snapshot of global additive demand and trends, and learn about how sustainable additives can contribute to progress in the automotive lubricant space. Plus, discover how industrial lubricants and greases can help to solve costly tribological challenges in wind turbines.

Indian Oil Corp. Ltd.’s expansion of its Haldia base oil plant is on track to be completed by the end of this year – a year later than originally scheduled, the company told Lube Report this week. The company also plans to open two new base oil plants within the next three years.