Volume 7 Issue 34

SK Explores Sale of SK Lubricants

South Korean conglomerate SK Innovation announced last week that it hired Citigroup Global Markets to help it explore the possibility of selling subsidiary SK Lubricants, the world’s largest producer of API Group III base stocks.

Vietnam Struggles to Enforce Lube Standard

As its dependence on imported lubricants increases, Vietnam’s government is grappling with enforcement of its national lubes standard, analysts with a market research firm told Lube Report.

Idemitsu Starts China Blending Plant

Idemitsu Kosan Co. opened its second wholly owned lubricant blending plant in China last week, a facility in the southern coastal city of Huizhou with capacity to produce 108,000 metric tons per year.

Mixed First-half 2020 for AP Oil

Singaporean independent lubricant blender AP Oil posted a strong increase in net profit and lower revenue for the first half of 2020, compared to the first six months of last year.

From Other Editions of Lube Report

Aftermarket Motor Oil Sales Fall

Poland Proposal Would Encourage Rerefining

New Denmark Rerefinery Starts Up