Volume 2 Issue 22
Asian Oils Generate More Phosphorus
June 2, 2015Off-the-shelf samples of SAE 0W-20 and 5W-30 engine oils in Asia have been found to generate higher levels of phosphorus emissions than their counterparts in the Americas, according to a United States-based testing company.
Profits Up for Gulf, Down for Rerun
June 2, 2015Rebounded Indian auto sales helped Gulf Oil Lubricants India Ltd. post a 13.6 percent improvement in profits, while China Rerun Chemical reported a 50 percent decline blamed on intensifying competition in China.
FKT Begins Building New Blending Plant
June 2, 2015Indonesias PT Federal Karyatama started construction last week on a 100 million liters per year blending plant in western Java that will involve an investment of approximately Rupiah 275 billion (U.S. $23 million).
Vietnam Mandates Used Oil Collection
June 2, 2015The Vietnamese government announced rules that will mandate the collection and disposal of used lubricants beginning July 1, 2016.
Briefly Noted
June 2, 2015Reporting its full-year earnings, Indian Oil Corp., Indias leading lubricant supplier, said its Servo brands market share rose 0.6 percent in 2014, with sales up 2.3 percent. Sinopec Ltd. sold 80,000 metric tons of base oils internationally in 2014 for a total of 730,000 tons, the Chinese state-owned oil company said at Enmores China Lubricants Market Focus conference in Shanghai in April.