Volume 9 Issue 19

China Drafts Heavy-duty Gas Engine Oil Spec

A draft standard for lubricants for heavy-duty engines running on natural gas has cleared the project review stage and been formally accepted as a development project of the China Society of Automotive Engineering. The organization said the project is a priority because China’s government considers gas-powered trucks part of its strategy to reduce greenhouse gas emissions and because numbers of such vehicles are increasing.

GS Caltex Profits Dip, Castrol India’s Rise

GS Caltex’s base oil and lubricant business reported lower profit on higher sales, while Castrol India reported increases in net profit and revenue from operations for the quarter ending March 31. Castrol India said demand in India weathered a brief resurgence of coronavirus cases early in the year.

Nynas to Reduce Asia Presence

Nynas AB will reduce its direct sales presence in the Asia-Pacific region, the company said today in an announcement about creating a business footprint focused on customers in the naphthenic base oil and bitumen markets in Europe. The company previously said it would halt direct sales in North America because supply chain issues made it difficult to compete there.

From Other Editions of Lube Report

Teflon Recycler Copes with PFAS Spill

Brazil Base Oils Dipped in March

EU to Embargo Russian Oil, Petrochemicals

Briefly Noted

Domestic car sales in China jumped 75% to 2.5 million in March, compared to the same month last year, according to data released by the China Association of Automobile Manufacturers. Sales in the first quarter this year rose to 6.5 million, a 76% increase.