Volume 4 Issue 37

Korea Tags in on U.S. Base Oil Supply

Nature abhors a vacuum, and so do South Koreas base oil producers. Seeing a gaping hole appear in the U.S. market in first-half 2017, they moved fast to plug it with API Group III barrels.

Asia Wax Demand Growth to Outpace Supply

Asia's demand for waxes will likely outpace supply, which is expected to slow slightly after strong increases in recent years, an industry official said.

China's EV-Only Future: Not If, But When

Chinas central government is working to set deadlines to prohibit the sale of cars and vans that run on fossil fuels, an official told an automobile forum Saturday.

Vietnam Increasingly Attractive to Indonesia

Indonesian lubricant blenders might be turning their sights to Vietnam due mainly to the growth potential of its automobile engine oil market, observers and suppliers said.

Briefly Noted

Fuchs China signed an agreement to supply lubes to heavy machinery manufacturer Sany Group. Lubricant and fuel formulator BASF SE has opened a lab in Navi Mumbai, India, under its BASF India Ltd. subsidiary. The labs focus will be on developing and testing packages for turbines, tractors, hydraulics and compressor applications. United States-based specialty chemicals firm Innospec Inc. registered a wholly-owned subsidiary in China,Innospec Chemical (Beijing) Co.