Volume 4 Issue 50

BP China to Add Third Plant

BP Lubricants announced that it plans to build a third blending plant in China by the end of 2021, in Tianjin. BP unveiled on Dec. 6 that the project will cost around 1.5 billion (U.S. $230 million), more than any other BP blending facility.

Korea Eases Blending Laws

South Korea recently eased restrictions on the modification of petroleum products within customs zones of its ports. Producers can now blend lubricants, for example, in areas designated for storage, temporary inspection and international trade.

CPEC Project to Propel Pakistan

The China-Pakistan Economic Corridor (CPEC) is set to overhaul Pakistans infrastructure and strengthen its economy, which could increase its annual base oil demand by 143,000 metric tons and its finished lubricants by 190,000 metric tons, according to an industry executive.

KH Neochem, Continental and Yushiro Improve

Japans KH Neochem Co. and Yushiro Chemical Industry Co. both said lubricants-related products helped spur gains in recent quarters. Indian lube supplier Continental Petroleums Ltd. logged a 67 percent annual increase in second-quarter profit.

Briefly Noted

Japans Suzuki Motor Corp. deemed Motul lubricants its officially recommended supplier of lubricants for all automotive, motorcycle and marine models marketed by its Suzuki GB Plc subsidiary starting January 1. United States-based Ingevity Corp., a supplier of specialty chemicals for lubricants and many other products, established an automotive applications testing facility in Zhuhai, China.