Volume 9 Issue 10

Thailand Wants Biolubes Industry

Thai officials working to foster agriculture-based industry have highlighted lubricants as one of two types of products offering the best opportunity for profitability and economic development. An agency published a report last month concluding that the government should encourage development of businesses that produce lubricants from palm oil and amino acids from sugarcane and cassava for human and animal foods.

Profits Up for Chevron Lanka, Hi-Tech

Chevron Lubricants Lanka Plc reported much higher profits and sales for the fourth quarter and the full year of 2021, and Pakistan-based blender Hi-Tech Lubricants Ltd. saw increased net profits and sales in its lubricants segment for the quarter ending Dec. 31.

India Auto Sales Remain Behind

Domestic automobile sales in India increased 6% to 18.5 million units in 2021, compared to 2020, but remained 20% below the 23.1 million mark of 2019 before the COVID-19 pandemic, according to data from the Society of Indian Automobile Manufacturers.

From Other Editions of Lube Report

U.S. to Tighten Heavy-duty Emissions

Brazil Base Oils Declined in January

Shell to Close Russia Lubes

Briefly Noted

Sales of motorcycles and scooters in four Southeast Asia countries – Malaysia, the Philippines, Singapore and Thailand – declined 4% to 303,611 in January, compared to the same month last year, according to Asean Automotive Federation data. A 7% sales increase in Thailand was offset by decreases of 20% in Malaysia, 8% in the Philippines and 2% in Singapore.