Volume 11 Issue 5

Hongrun White Oil Project includes Group III Plant

Hongrun Petrochemical Technology Co. has commissioned a white oil project that includes an API Group III plant at its oil refinery in Weifang, Shandong province, China.

Japan Demand Rose Barely in 2023

Japan’s finished lubricant demand edged up 1% in 2023, while its lubricants production declined 6%, according to data released Jan. 31 by a government agency. In December, its lubricants consumption decreased 4%, while its lubricants production slipped 11%.

SK, Hyundai Partner on Refrigerants for EVs

SK Enmove and Hyundai Motor Group entered an agreement last week to jointly develop refrigerants for heating and cooling the passenger compartment in electric vehicles.

From Other Editions of Lube Report

Shell to Produce Group III in Germany

Novvi Exits Bankruptcy with New Structure

Lubrizol Inks Licensing Deal with BASF

Briefly Noted

Sales of motorcycles and scooters in six Southeast Asia countries fell 26% in November to 890,273, compared to 1.2 million in the same month in 2022, the Asean Automobile Federation reported, while year-to-date sales through November were up 2% at 11.4 million. The federation tracks such sales in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.