Volume 5 Issue 3
Industrial Lube Demand to DipJanuary 19, 2018
Asia-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 SupplyJanuary 19, 2018
Indian 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 PIBsJanuary 19, 2018
BASF 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 ReportJanuary 19, 2018
Briefly NotedJanuary 19, 2018
Indias 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.