Volume 7 Issue 6

Cutting Oils in Demand for Solar Panels

Vietnams increasing number of solar plant installations is boosting overseas demand for silicon wafer cutting oil used in solar panel manufacturing, an industry insider told Lube Report.

Tough 2019 for Korean, Most Indian Companies

South Koreas major base oil refiners - SK Lubricants, S-Oil, GS Caltex, and Hyundai Shell Base Oil - each reported steep declines in operating profit for 2019. In India, Castrol India Ltd. reported increased profits for 2019, while profits for the year were down for Balmer Lawrie & Co.s greases and lubricants segment, Savita Oil and MJL Bangladesh Ltd.

Evonik Commissions Pilot Catalyst Plant

Evonik announced yesterday the commissioning of a pilot plant for scale-up of hydrogenation catalysts for oils and fats at its site in Dombivli, India. Oil and fat catalysts developed at the site can be used in the production of lubricants and other oleochemicals.

From Other Editions of Lube Report

Briefly Noted

Kolkata, India-based grease supplier Balmer Lawrie & Co. appointed Sandip Das as chief financial officer effective May 1, 2020, upon retirement of current CFO Shyam Sundar Khuntia. Das, a chartered accountant, is the companys senior vice president of finance.