Volume 7 Issue 51

Shell to Close Singapore Plant

As 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

Japan 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

Hyundai 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

Mexican Standard Modernizes Requirements

PEC Deemed Reasonable for Cutting Oils

Russian Survey Highlights Top Oils

Briefly Noted

Nayara 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.