Volume 2 Issue 26
A German testing company found that oil change intervals in China are shorter than in other markets and significantly shorter than they need to be.
Shell opened a new blending plant Tianjin, China, Thursday, the latest in a series of investments by the company in the nations large and growing lubricant market.
Laugfs Lubricants Ltd. will launch a 17,000 metric tons per year blending plant near Colombo, Sri Lanka, in July.
Global palm oil production is booming, but the basic oleochemicals market is saturated, according to Frost & Sullivan.
Japan is Asias third-largest producer of base oils, and its supply base includes three facilities that make approximately 180,000 metric tons per year of naphthenic stocks.
Tianhe Chemicals saw its combined profit for lubricant additives and fluorochemicals jump 30 percent in 2014 to CNY 3.4 billion (U.S. $549 million), according to a filing on the Hong Kong Stock Exchange.