Volume 5 Issue 43

SSY Base Oil Shipping Report

There are no major changes to be seen in the United States and European markets, with both needing a fresh injection of demand. However, Asia continues to make progress, albeit painfully slowly at times.-by Adrian Brown

Growth Forecast for Synthetic Base Oil

Global demand for synthetic base stocks is predicted to increase at a compound annual rate of roughly 6 percent through 2022, due to increasing demand for higher quality finished lubes, an industry consultant said last week. Kline & Co. predicts the rate of growth will be fastest in the Asia-Pacific region.

Repsol Explores Acquiring Stake in Blender

Spains Repsol signed an agreement to explore acquiring a stake in Singaporean lubricant blender United Oil Co.

Dyson Will Make EVs in Singapore

British technology company Dyson will build a Singapore electric vehicle factory that will supply the Asia-Pacific region.

From Other Editions of Lube Report

Briefly Noted

Chevron Oronite broke ground on an additive manufacturing plant in Ningbo, China. The facility is scheduled to open in 2021 as a blending and shipping operation, and the company plans a subsequent expansion into component manufacturing. India-ownedHindustan Petroleum Corp. Ltd.named Jeddah, Saudi Arabia-basedGhassan Aboud Groupas a distributor to export markets. The company will also market HPCLs range of products, including automotive and industrial lubricants.