Volume 8 Issue 2
The United States Customs and Border Protection agency last week announced a ban on palm oil l produced in Malaysia by Sime Darby Plantation Bhd. and any products containing it due to suspicion that it is produced using forced labor and child labor.
Japan’s Idemitsu Kosan Co. will consolidate its lubricant and grease business by buying up stock of Toa Oil Co. to make the small refiner a wholly-owned subsidiary, according to a Toa Oil statement.
The parent company of SK Lubricants is looking for partners for base oil and chemical joint ventures, according to a New Year’s address by its CEO. He added that the company aims to introduce environmentally benign finished lubricants and to further develop technology that recycles waste plastics into products such as base oils.