Volume 8 Issue 15
Chinese refiners have opened several API Group III base oil plants in recent years, but for several reasons they do not meet the needs of local lubricant blenders. As a result, one analyst predicts, imports will probably continue to dominate the nation’s Group III market.
Japan’s finished lubricants consumption reached 128,987 kiloliters in February, up 7% from 120,394 kL in the same month in 2020, according to data released recently by a government agency. The country’s production of lubricants, including volumes that are exported, fell 7% to 169,813 kL in February.
Meridian Adhesives Group acquired Pacific Adhesive Systems, a Malaysia-based corporation with lubricant and grease operations, Meridian announced last week.