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’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 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.