Volume 9 Issue 27
Shell Singapore Plant Stays Open
July 8, 2022Shell has reversed a previous decision to close its API Group I base oil plant in Singapore this month, saying now that it will continue operating the facility in order to provide supply security to customers. A spokesperson who confirmed the decision to Lube Report today added that the company is also still considering building a Group II plant at the site, on Pulau Bukom island.
Custom Content in association with ExxonMobil
Mobil Serv Delivers Customized Solutions
July 8, 2022These are challenging times and, in the midst of the COVID-19 pandemic, with significant supply chain disruption throughout Asia and fluctuating demand for lubricant products and services, various sectors are facing unprecedented pressures and strains. Mobil Serv engineers understand the needs of their customers and are actively helping them enhance performance and avoid unscheduled – and potentially costly – downtime.
Battery Swapping Could Unlock E-trucks
July 8, 2022Battery swapping could make heavy-duty battery vehicles a viable alternative to diesel, but there are obstacles before this bastion of fossil-fuel transport falls. Once overcome, annual sales could reach 350,000 units by 2030, a China-based transport analyst predicts.
Profits Fall at Lopal, Richful
July 8, 2022Chinese lubricant marketer Lopal Tech Co. reported that operating income for its lubricant products segment fell nearly 30%, and Richful Lube Additives Co. posted a decline of more than 10% in net profit for the first quarter. Lopal said lubricant sales volumes fell 34%.
Briefly Noted
July 8, 2022Japan’s sales of new automobiles declined 10% to 327,896 in May, compared to 365,631 in the same month last year, according to data released by the Japan Automobile Manufacturers Association. Sales of new passenger cars fell 11% to 268,077 in May.