Volume 8 Issue 28
Panel: Pandemic Taught LessonsJuly 9, 2021
The COVID-19 severely disrupted supply chains of the global base oil and lubricants industries, but it also provided operational lessons that could prove valuable in coming years as companies learned to better prepare for the unexpected and worst-case scenarios, speakers said during an industry conference last week.
GP Tables Lube Plant ConstructionJuly 9, 2021
GP Global disclosed recently that it has tabled plans to build a lubricant blending plant in Saronda, India, because of economic uncertainties stemming from the COVID-19 pandemic. In a June 10 filing with India’s National Stock Exchange, GP indicated the project does not have a revised timeline and that it will move ahead with the project when conditions are more conducive.
Japan’s Lube Demand Keeps GrowingJuly 9, 2021
Japan’s finished lubricants consumption grew 32% in May, compared to the same month last year. It marked the fourth consecutive month this year that the country’s consumption total topped the same month in 2020.
From Other Editions of Lube ReportJuly 9, 2021
Clean Harbors to Add Vertex Rerefineries
Briefly NotedJuly 9, 2021
Dubai, United Arab Emirates-based Enoc Group renewed its agreement with China-based Meisheng Investment Development Co. for five years for the supply and distribution of Enoc Lubricant products in China. Enoc said the agreement will enable it to achieve its plans of distributing more than 20 million liters of products over the contract period. Enoc said China’s demand for lubricants, greases and oils is increasing, particularly for industries such as construction, transport, general manufacturing, power generation and original equipment manufacturer segments.