Volume 10 Issue 43

Eneos Shutters Wakayama Refinery

Eneos Corp. this month permanently closed its crude oil refinery in Arida city, Wakayama prefecture, Japan, including its largest remaining base oil plant, part of a multi-year strategy to scale down operations in its home country. The company has halved its domestic base oil production capacity over the past year.

Moresco Sells Less Synthetics, More Specialties

Moresco reported a 10% increase in specialty lubricant sales and a 39% drop in synthetic lubricant sales for the six months ending Aug. 31, attributing the former to economic recovery in Japan and increased automobile production in Asia and North America.

China Extends Tax Break for Rerefined Oils

China’s government announced last month a four-year extension of a consumption tax exemption for petroleum products made from recycled waste mineral oil – including rerefined base oils.

From Other Editions of Lube Report

Mexico Restricts Base Oil Imports

Africa Demand Spurred by Economic Growth

Latvia Tightens Waste Oil Collection Regs

Briefly Noted

The first set of 16 Petromin Express Stations – where technicians use Hindustan Petroleum lubes when servicing vehicles at HPCL-Petromin cobranded garages – launched in Bengaluru and Chennai, India on Oct. 16. Saudi Arabia’s Petromin plans to set up 1,000 such express stations at HPCL retail outlets across India over a five-year period.