Volume 1 Issue 30
Thirst for Food-grade Lubes Slow to Build in China
July 29, 2014Faced with pressure to provide safe products but with little access to food-grade lubricants, some food and beverage processors in China are reportedly using cooking oil to lubricate their equipment.
Slow Growth Forecast in Japan
July 29, 2014The Petroleum Association of Japan forecasts that lubricant demand in Japan will increase 0.5 percent this year to 1,539,000 kiloliters.
Demerged Gulf Bullish on Future
July 29, 2014Newly formed Gulf Oil Lubricants India Ltd. is scheduled to be listed on the Bombay Stock Exchange Thursday, completing its demerger from Gulf Oil Corp. Ltd. Officials say the move will allow management to concentrate on the priorities of the lubes business.
Earnings Up for S-Oil, SK
July 29, 2014The base oil and lubricant businesses of S-Oil and SK both reported significant improvements in their second quarter financial performance, compared to the same period of 2013.
Base Oil Expansion Planned in Turkmenistan
July 29, 2014South Koreas Hyundai Engineering Co. and LG International Co. are in the midst of a broad project to expand capacity for base oil, fuels and other petrochemicals at Turkmenbashi refinery, the Turkmen Oil and Mineral Resources Ministry said last week.
Correction
July 29, 2014An article in the July 22 issue reported incorrectly that Singapore had resolved to adopt the Euro VI emissions standard for diesel-powered heavy-duty trucks by 2017. The government approved raising the standard for gasoline-powered trucks to Euro V or Euro VI.