Volume 7 Issue 25
China’s Bohui Nixes Group II Plant
June 19, 2020Chinese fuel supplier Bohui canceled plans to build an API Group II base oil plant but has built a facility that produces paraffin wax, according to a company prospectus. The company was recently approved to go public on the ChiNext startup board of the Shenzhen Stock Exchange.
Internet-of-vehicles Looms for Oil Changes
June 19, 2020An increasing number of vehicles in China are equipped to transmit information about their operations across the internet, and this is expected to impact the supply chain of lubricants, an industry analyst told Lube Report recently.
Pandemic Cuts Profits for Gulf, Castrol India
June 19, 2020Castrol India and Gulf Oil Lubricants India Ltd. both reported steep drops in profits for the quarter ending March 31, citing the impacts of the Covid-19 pandemic and accompanying lockdowns.
From Other Editions of Lube Report
June 19, 2020Use of Base Oil Brokers Rises in Mexico
Briefly Noted
June 19, 2020Lanka IOC will supply its Servo brand lubricants to Ceylon Electricity Board’s power station plant in Sapugaskanda in the Western Province of Sri Lanka.