Home July 13, 2018

July 13, 2018

Volume 5 Issue 28

Idemitsu and Showa Shell Merger Back On

The proposed merger of Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu KK is back on again - scheduled this time for April 1, 2019, the companies announced Tuesday. The long-delayed deal would create Japans second-largest lubricant supplier.

China 6 Standards Change Vehicle Landscape

The introduction of the China 6 emission standard in 2020 is expected to push lubricant formulations to cater to a diverse range of engines, industry experts said at a conference in Singapore recently.

Gulf India Profits Balloon

Profits at Gulf Oil Lubricants India Ltd. have more than doubled in the past three years, thanks in part to the development of a broad, multi-tiered sales network, officials said in an investors presentation last month.

Briefly Noted

Lubes manufacturer MJL Bangladesh Ltd. said in a stock exchange filing it approved purchase of 1.47 acres of land in Bangladesh at South Patenga, Chattogram - adjacent to an existing warehouse - for 1700 lakh Bangladeshi taka (Tk17 million or U.S. $202,000) for its future expansion. BASF is investigating establishment of an integrated Verbund chemical production site in the South Chinese province of Guangdong, with potential investment of up to $10 billion until around 2030, and startup of first plants in 2026 at the latest. According to a company presentation, the sites preliminary intended scope would include products such as polyols, amines, intermediates and surfactants, and a pre-feasibility study is the next step.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

Asia market participants were keeping a close eye on crude oil developments, as prices remained volatile, with political and economic tensions affecting values and exerting pressure on base oil pricing.-by Gabriela Wheeler
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