Volume 7 Issue 30
Slump Expected for Wind Energy Lubes
July 22, 2020Global lubricant demand for wind energy is likely to hit a speed bump in the current economic climate but should rebound in subsequent years, an industry consultant said in a recent webinar. A key market remains China, which is expected to account for nearly half of all new wind turbine capacity over the next five years.
ExxonMobil Decides on India Blending Plant
July 22, 2020ExxonMobil has decided to build its first lubricant blending plant in India, a Rs 760 crore facility in Maharashtra, according to the chief minister of the state.
S-Oil Earnings Jumped
July 22, 2020South Korean refiner S-Oil reported that its base oil business posted a strong increase in operating income and a drop in sales revenue for the quarter ending June 30, compared to 2019’s second quarter.
From Other Editions of Lube Report
July 22, 2020Isla Refinery Talks Fail Again
Briefly Noted
July 22, 2020Castrol India announced it will supply its lubricants to the Jio-bp joint venture’s fuel retailing network of 1,400 sites across India, and that the number of sites is expected to grow to 5,500 in five years. Earlier this month, Reliance Industries Ltd. and BP completed formation of their new Reliance BP Mobility Ltd. pan-India fuels and mobility joint venture, and Reliance’s existing sites will be rebranded to Jio-bp.