Volume 3 Issue 43
Citing volatility in the base oils market, SK Lubricants, which produces more API Group III than any other company, plans to increase emphasis on growing its finished lubricants business through partnerships and new product development.
With no domestic virgin base oil production and an abundance of recyclable used oil, Bangladesh could pose opportunities for rerefiners. But players say the sector will likely remain paltry without better technology and more government support.
The Indian government will prohibit sales and registrations of vehicles that dont meet the requirements of its current Bharat Stage IV emissions standards beyond March 31 as it moves from that set of norms to BS-VI by 2020.
Gulf Oil Lubricants India Ltd. reported that its second-quarter net profit jumped 28 percent year on year thanks to volume gains across all segments and lower finance costs. Chevron Lubricants Lanka recorded double-digit growth in net profit in the period along with gains in sales revenue.