Volume 3 Issue 52

Chinese Blender Opens Facility in Maanshan

Jin Xue Chi, an Urumqi-based lubricant producer, recently opened a 200 million (U.S. $28.7 million) blending facility in Maanshan city, Anhui province, with capacity of 150,000 metric tons per year.

TonenGeneral to Carve Out New Lubes Subsidiary

Japan's TonenGeneral Sekiyu K.K. will absorb its lubricants business, EMG Marketing Godo Kaisha, next week and launch a subsidiary to market ExxonMobil's Mobil-branded oils in April, when it merges with JX Holdings.

Industry Investment May Drive Indonesias Demand

In this years first nine months, Indonesia saw domestic and foreign investments in its industrial sector increase from the same period of 2015 by 20 percent and 50 percent, respectively. Some suppliers expect this to stoke continued growth in local demand for industrial lubricants.

Asia to Dominate Coming Decades Energy Increases

Global energy demand will climb 25 percent by 2040, with the Asia-Pacific region leading the charge and China and India collectively accounting for nearly half of that growth, according to ExxonMobils annual forecast.

Briefly Noted

Saudi Aramco signed a joint venture development agreement with Indonesias PT Pertamina last week. The two have partnered to dually own, operate and upgrade their Cilacap fuels refinery in Java, Indonesia – a project that includes modifying the API Group I base oil plant there for Group II production. South Koreas SK Lubricants made Ji Dong-seop its new CEO and Park Yong-min head of its new lubricants business headquarters, as it strives to make continued inroads in China.

编者注

由于出版物的正常翻译进度的技术延迟,本周的通讯和其中发布的所有故事的简体中文版将于12月28日星期三之前在 http://bit.ly/2hjV6LD 可供阅读。