Volume 1 Issue 54

Oronite to Make Carboxylates in Singapore

Chevron Oronite announced yesterday that it will install carboxylate capacity at its lubricant additive plant in Singapore.

Asia Gulps Metalworking Fluids

Asia accounted for 40 percent of the globe's U.S. $8.8 billion in demand for metalworking fluids in 2013, Frost & Sullivan concluded in a recent analysis.

Pertamina Buys Majority of Amaco

Indonesias state-owned Pertamina Lubricants has acquired 75 percent of Thai blender Amaco Production Co., an Amaco official told Lube Report Asia.

Mitsui Takes Stake in Oleochemicals

Japans Mitsui & Co. Ltd. will invest U.S. $44 million in Malaysian-owned oleochemical manufacturer Taiko Palm-Oleo (Zhangjiagang) Co. Ltd., located in Jiangsu Province, China.

China Raises Lubes Tax Again

Chinas central government yesterday announced another round of tax increases for lubricants and other petroleum products - the third such increase in less than two months.