Mumbai-based Standard Greases & Specialities last week announced a takeover bid for Tide Water Oil Co. (India) Ltd., but Tide Waters promoter said it would oppose the initiative.

China has over 400 facilities capable of recycling used lubricants, but many are small and dont produce base oils, according to a Chinese rerefiner who said the countrys waste oil management system needs standardization.

Asia-Pacific is the largest regional market for industrial oils and greases and will experience the highest growth in demand for turbine and circulating oils over the next five years, according to a report from Kline & Co.

Taiwans Intellectual Property Court ruled in favor of Austrian energy drink manufacturer Red Bull AGs trademark infringement claim against lube supplier Ding Oil, preventing the Taiwanese company from using Red Bulls logo and packaging design.

Castrol India Ltd. has decided to permanently close its Wadala, Mumbai research and development center and move its activities to a new location.