Volume 4 Issue 26
Base Oil Map Shows Asias PowerJune 27, 2017
Global base oil manufacturing capacity now tips the scales at roughly 55 million metric tons a year (1.11 million barrels a day). And while the building frenzy of the past decade seems to be easing, Asias refiners still aim to stream nearly 2 million new tons of capacity - the equivalent of two world-class base oil refineries - by the end of 2019.
Fujian to Host New Chinese Rerefining ProcessJune 27, 2017
Fujian Jinrong Energy Technology broke ground on a base oil rerefinery that will use proprietary technology co-developed by the firm and Chinese partners.
Glut Reduces Refinery RatesJune 27, 2017
Chinas base oil capacity has expanded significantly in recent years, but at least some refiners are now producing well below capacity. In the short term, that may be due partly to reduced demand during the slack season for lubricant demand, but the market also appears to be fundamentally oversupplied.
Korean Police Bust Fake Jet Oil SuspectsJune 27, 2017
South Korean police arrested a chemical products distribution trio that allegedly sold the military fake specialty lubricants thought to have caused multiple equipment malfunctions.
Briefly NotedJune 27, 2017
Amyris Inc. will build a facility in Queensland, Australia, capable of producing 23,000 metric tons per year of farnesene, a sugarcane-based component used in cosmetic, pharmaceutical, polymers and lubricants applications. Pakistans Syros Petroleum Ltd. can now supply barge and drum deliveries of marine lubricants to Karachi, Bin Qasim, and Gwadar ports.