Volume 5 Issue 3
Industrial Lube Demand to Dip
January 19, 2018Asia-Pacifics demand for general industrial lubricants and grease is expected to shrink roughly 0.1 percent through 2021, with declines in China and Japan offsetting increases in other countries, Kline & Co. said in an interview. The region dominates the global market, accounting for 2.6 million tons, or 41 percent of global demand in 2017.
Apar JV Eyes Government Supply
January 19, 2018Indian transformer oils and lubes manufacturer Apar Industries Ltd. formed a joint venture with a car dealer that aims to supply lubes to the government.
BASF-Petronas Streams PIBs
January 19, 2018BASF Petronas Chemicals Sdn began producing highly reactive polyisobutene in Malaysia last week. The joint venture said the 50,000 metric tons per year unit is the first of its kind in Southeast Asia.
From Other Editions of Lube Report
January 19, 2018Briefly Noted
January 19, 2018Indias state-run Numaligarh Refinery Ltd. exported paraffin wax to Europe for the first time in a 132 metric ton haul to Poland this month. It also increased exports to Myanmar and Bangladesh last week in support of the governments Act East policy. A recent MarketsandMarkets report found that increasing aircraft fleet sizes in the Asia Pacific make it the fastest-growing region for aviation lubricants through 2022.