Home November 8, 2016

November 8, 2016

Volume 3 Issue 45

Wind Energy Propels Lube Demand

Asian countries, and China in particular, are fueling rapid growth in the wind energy industry and creating opportunity for lubricant suppliers, a consulting firm said last week.

Tianhe's Forensic Auditor Gives Thumbs Up

A forensic accountant hired to investigate questions raised about Tianhe Chemicals 2014 financial records found no fraud or accounting irregularities, the company reported last week.

Idemitsu Consolidates Chiba Management

Idemitsu Kosan Co. reported a 5.6 percent increase in lube sales in the first half of its fiscal year and announced that it will merge management offices at its oil refinery and base oil facilities in Chiba, eastern Japan.

Kyodo Yushi to Build U.S. Blend Plant

Japanese grease maker Kyodo Yushi has begun planning a U.S. $35 million manufacturing facility in the United States with American joint venture partner Lubrication Engineers Inc.

Briefly Noted

Hascol Petroleum Ltd.s board of directors informed the Karachi Stock Exchange that it has approved the Pakistani companys plans to build a PKR 1.8 billion (U.S. $17 million) blending plant with partner Fuchs Petrolub SE on a 6-acre plot in Port Qasim. Brenntag AG will buy the Indonesia and China distribution assets of Singapores EPChem Group, which makes liquid parrafins, paraffin waxes, petroleum jellies, white oils and other specialty chemicals. Indonesia's Director of Downstream Chemicals, Teddy Sian, told reporters last week that Indonesian National Standard (SNI), the lubricants standard proposed earlier this year, will be enacted in June 2017.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

Fluctuating crude oil prices and other market uncertainties are keeping Asian players on edge, dampening activity and affecting production rates. - by Gabriela Wheeler
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