Home October 24, 2017

October 24, 2017

Volume 4 Issue 43

Group I Plant Opens in Maoming

Maoming Haihe Chemical Co., formerly known as Maoming Dazetian, is preparing to open a new API Group I base oil plant, with operations slated to begin by early November. Analysts say it will be the worlds first new Group I plant in 20 years.

Blenders Counter Counterfeiters

As fake products continue to plague Asian markets, Pertamina Lubricants has stepped up its efforts to fight back with legal and preventive measures.

Chevron Lanka Profit Plunges

Chevron Lubricants Lanka Plc reported a 34 percent drop in its third-quarter profit, hurt by lower revenue and finance income. Higher expenses also hit the companys bottom line.

Gulf Oil Sets Sights on B2B Segment

Indias focus on infrastructure development offers opportunities for a strong fiscal year 2017-2018 in both the consumer and business-to-business segments, Gulf Oil Lubricants India Ltd. noted in its annual report.

Briefly Noted

Songwon Industrial Co., a South Korean chemical company specializing in polymer stabilizers, appointed Lehmann & Voss & Co. its European distributor of antioxidants used in lubricant additives. N M Distributors Pvt. won a contract to supply Shell lubricants to Sri Lankan state-run Ceylon Electricity Board's barge-mounted power plant. The year-long deal is for 750,000 liters of cylinder oil priced at 295.40 Sri Lankan rupees (U.S. $1.92) per liter and 175,000 liters of system lubricant oil at Rs 253.83/l.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

Supply was generally balanced against product requirements in the Asian base oil market, except for a couple of pockets that were oversupplied because of seasonal shifts in demand. - by Gabriela Wheeler
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