Volume 3 Issue 22

Specs Development Criticized as Broken

Amid calls for the automotive and lubricant industries to reform their process for developing automotive engine oil standards, the president of one chemical additive company said the market cannot afford to continue establishing industry and OEM specifications in parallel.

Singapore Lube Park Opens Facilities

The Singapore Lube Park - a joint venture between Sinopec, Total and Shell - officially opened in the islands Tuas area last week. The facility includes an import and export jetty, common pipelines, infrastructure and storage facilities for the partners lubricant and grease manufacturing plants.

GP Petroleums Doubles Q4 Profit

Indias GP Petroleums Ltd., a subsidiary of the United Arab Emirates-based Gulf Petrochem Group, posted a 100 percent rise in its fourth-quarter net profit, driven by higher sales during the period.

Growth, Consolidation Forecast for Vietnam

A young and literate workforce coupled with market liberalization should help Vietnams lubricant market to continue growing at a healthy clip, but supplier consolidation is also expected, an industry insider said during a seminar ahead of the ICIS Asian Base Oils & Lubricants Conference in Singapore earlier this month.

Hi-Tech Bets on Afghanistan, Fuels

Pakistani lubricant supplier Hi-Tech Lubricants Ltd. aims to increase sales by expanding into Afghanistan and launching a chain of retail fuel outlets in the domestic market.

Briefly Noted

Norman Process Oils Malaysia Plant Bhd selected KNM Process Systems Bhdfor the engineering, procurement, and construction of a U.S. $43 million rubber process oils production plant at the Tanjung Langsat Port in Johor, Malaysia. Gazpromneft-Lubricants has partnered with Belarussian earth-moving equipment manufacturer JSC BelAZ to develop and supply lubricants for the firms operations throughout Eastern Europe, Africa, Central Asia and Southeast Asia.