Volume 2 Issue 40

China Faces Group II Glut

The Asia-Pacific regions API Group II base oil production capacity increased to make up 45 percent of the regional market in 2015, largely driven by new Group II capacity in an already awash China, according to ICIS.

Petronas Builds R&D Center

Malaysias Petronas Lubricants International is building what it claims will be the largest lubricant research and development center in Europe - an 80,000 square meter facility in Turin, Italy.

New Zealand Settles Oil Collection Case

New Zealands antitrust regulator has settled on a resolution to proceedings against a waste oil collection division of EnviroWaste over alleged anti-competitive practices.

Briefly Noted

Tianhe Chemicals appointed Hong Kong-based Zhonghui Anda CPA as its auditor, replacing Deloitte Touche Tohmatsu,which resigned over concerns about Tianhes 2014 annual report. Liqui Moly extended its partnership with Anand Group, which will supply the German companys premium motorcycle and passenger car engine oils in India.