Volume 11 Issue 10
India, China Biggest Base Oil Importers
March 8, 2024Two big powerhouses, India and China, are the largest net base oil importers in the world, and an Argus Media analyst predicted recently that they will remain in that position in the foreseeable future.
Shell to Build Grease Plant in Indonesia
March 8, 2024Shell announced on Monday plans to build its first grease manufacturing plant in Indonesia, producing products for applications such as bearings and gears in a variety of sectors.
PSP Profits, Sales Decline in 2023
March 8, 2024P.S.P. Specialties Public Co. reported lower sales and net profit for 2023, while PV Oil Lube JSC achieved a significant increase in profit after tax.
Briefly Noted
March 8, 2024Perstorp on Tuesday said it closed a deal to buy out its minority partner in joint venture Perstorp Chemical Co. – formerly Fufeng Perstorp Chemical Co. – which has owned and operated the facility. Sweden-based Perstorp is now the sole owner of the polyol manufacturing operation in Zibo, Shandong province, about 400 kilometers south of Beijing. The plant mainly produces trimethylopropane, a polyalcohol that can be used in production of synthetic lubricants.