Volume 7 Issue 51
Shell to Close Singapore Plant
December 18, 2020As part of an initiative to decarbonize its refining operations in Singapore, Royal Dutch Shell plans to permanently close its base oil plant in Pulau Bukom during 2022.
Lube Consumption Up in Japan
December 18, 2020Japan consumed 133,229 kiloliters of finished lubricants in October, up 17% from October 2019, according to data released last week by a government agency. This likely reflects a consumption tax imposed in early October 2019, which impacted Japan’s gross domestic product that month.
Hyundai Shell Base Oil Posts Profit
December 18, 2020Hyundai Shell Base Oil reported a strong operating profit for its lube base oil segment for the third quarter, improving from an operating loss in 2019’s third quarter.
From Other Editions of Lube Report
December 18, 2020Mexican Standard Modernizes Requirements
Briefly Noted
December 18, 2020Nayara Energy, an integrated downstream energy company, and Shell announced a partnership that will provide customers access to Shell Lubricants’ products at Nayara and Essar fuel stations in India. Nayara operates a network of over 5,900 fuel stations across the country.