Volume 7 Issue 36

Shanghai Group to Set Local Standards

The rapid emergence of electric vehicles in China highlights the need for standards for lubricants and other chemicals for EV motors, members of a lubricant trade association said during a meeting last week.

Profits Down for Indian, Thai Companies

India’s Tide Water Oil Co. and Balmer Lawrie & Co.’s greases and lubricants segments both reported steep declines in profit, and Thai Oil Group’s base oil business reported a net loss for the quarter ending June 30. The companies all cited as a factor the economic impacts of the COVID-19 pandemic.

Idemitsu Team Develops Wind Turbine Lubes

Idemitsu Kosan announced that it is cooperating with two Japanese universities on a grant project to develop wind turbine lubricants that would provide improved protection from wear and much longer drain intervals.

From Other Editions of Lube Report

Gulf Base Oil Plants Weather Laura

New Grease Spec Coming to Market

Rubis Acquires Tepsa

Briefly Noted

Gazpromneft Marine Lubricants carried out its first bunkering in the port of Hong Kong, supplying a vessel with oil for engines operating on low-sulfur fuel. Hong Kong became the fifth Asia-Pacific market where the company’s marine oils are available, with local production sites arranged in Singapore and South Korea.  The China Association of Automobile Manufacturers reported that from January to July this year, 3.4 million domestically branded passenger vehicles were sold, a year-on-year decrease of 25%, accounting for 36% of total passenger vehicle sales. Trailing were German cars, with 2.4 million sold and a 25% share and Japanese cars with 2.3 million sold and a 24% share.