Volume 2 Issue 46

JX, Tonen Consider Tie-up

JX Holdings and TonenGeneral Sekiyu KK said yesterday that they are discussing possible forms of cooperation as they seek to remain competitive in Japans shrinking oil products markets.

FKT and GP Petroleums Profits Up, Sales Down

PT Federal Karyatamas profit for the first nine months of 2015 jumped 36 percent this year while its revenue dipped 3 percent. GP Petroleums Ltd.s profit rocketed nearly 186 percent for the quarter compared to a year earlier, although its sales were down 26 percent.

Reducing Lube Use in Trailer Couplings

V.Orlandi, an Italian towing systems supplier for original equipment manufacturers in Australia, is developing products that use less lubricant to help its customers reduce pollution.

API: Use Certified Diesel Emission Fluid

Roads in China and other parts of Asia are expected in coming years to see an increasing number of trucks that are equipped with selective catalytic reduction and which therefore require the use of diesel exhaust fluid.

Briefly Noted

Chinese firms Hangzhou Derunbao Co. and Anhui Zhongtian Petrochemical Ltd. have applied to list on the National Equities Exchange and Quotations. Japanese refiner TonenGenerals subsidiary, EMG Marketing Godo Kaisha, began toll blending lubricants forCosmo Oil Lubricants Co. following the recent expansion of its Tsurumi blending plant.