Volume 2 Issue 25
Shell Narrows Tongyi Bidders
June 23, 2015Royal Dutch Shell is narrowing the number of bidders for its majority stake in Shell Tongyi (Beijing) Petroleum, part of its lubricant business in China, and aims to settle on a buyer by August, an industry source told Lube Report Asia.
GP, Repsol Ally in India
June 23, 2015GP Petroleums Ltd. tied up with Repsol to produce and supply the Spanish oil majors lubricants in India.
Petronas Expands in East Malaysia
June 23, 2015Malaysia's Petronas Lubricants Marketing Sdn Bhd, a subsidiary of Petronas Dagangan, plans to expand in East Malaysia as part of a strategy to become the nations biggest lubricant supplier by 2018.
A Rarity for China: Overseas Lube Sales
June 23, 2015Few Chinese lubricant companies sell products overseas, but Shandong Yuangen Petroleum Chemical Co. is doing just that through a toll-blending agreement in Singapore.
Briefly Noted
June 23, 2015Japan is responsible for 53 percent of polyalphaolefin consumption in Asia, an official from Naco Synthetics said in April at the Enmore China Lubricants Market Focus in Shanghai. China and Singapore tied for the next largest share of the regions PAO consumption (12 percent each), followed by South Korea (6 percent) and Taiwan (5 percent). Tianhe Chemicals lubricant additive business is growing but currently has less than 2 percent of the global market for additive packages, an official told the ICIS Asian Base Oils and Lubricants Conference in Singapore June 10.