Volume 1 Issue 32
Cosmo Contracts Blending to EMG
August 12, 2014Facing up to Japans shrinking lube market, Cosmo Oil Co. announced last week a supply agreement to have its lubricants manufactured by TonenGenerals EMG Marketing Godo Kaisha. The new arrangement takes effect in November 2015, and Cosmo intends to close its blending plant in Chiba, Japan, the following month.
Tianhe Builds Group II/III Facility
August 12, 2014The worlds fifth-largest additives supplier, Tianhe Chemicals, is building a facility that will output API Group II and III base oil.
Shipping Industry Treads Water
August 12, 2014Despite strong demand, the shipping industry faces challenges that could impact availability of chemical tankers used to ship base stocks, an industry insider said at a recent lubricant industry conference in Singapore.
Idemitsu Kosan Expands in Thailand
August 12, 2014Idemitsu Kosan Co. is nearing completion of an expansion that will increase capacity of its lubricant plant in Thailand by 20 percent by November.
Profits Up at Chevron Lanka, Gulf
August 12, 2014Chevron Lubricants Lanka and Gulf Oil Lubricants India Ltd. both reported higher profits for the quarter ended June 30, while Castrol India posted a decline due to cost increases.
Briefly Noted
August 12, 2014KH Neochemopened a new research lab at its plant in Chiba, Japan, to focus on its core oxo reaction technology, used to produce alcohols and acids that help formulate synthetic ester base oils and lubricant additives. Gulf Oil International opened a sales office in Beijing after opening another in Shanghai earlier this year. The parent of Gulf Oil Lubricants India Ltd. now has three locations in China, including an office and factory near Yantai.