Volume 9 Issue 28

SK Signs on to Rerefining Effort

SK Lubricants and South Korea’s Ministry of Trade, Industry and Energy signed a memorandum of understanding last week to recycle waste lubricants into base oils. The program, which would also involve other companies, aims to reduce carbon dioxide emissions by turning used oils back into a raw material for lubricants rather than burning them as a source of energy.

Copton Reports Earnings Dive

Chinese lubricants blender Qingdao Copton Tech Co. reported decreases in the 40% range for its net profit and operating income for the first quarter. Sales of lubricants fell by more than 40%, while industrial lubricant sales decreased 3%.

Thailand Develops Palm Transformer Oil

Thailand’s National Energy Technology Center is heading a consortium working to develop biobased transformer oils formulated with palm oil as part of the country's efforts to find higher value applications for its palm oil beyond its use as edible oils or biodiesel.

From Other Editions of Lube Report

Demand for EV Fluids to Rise

Solomon: Profitable Plants Optimize Output

Perstorp Boosts 2-EHA Production

Briefly Noted

Petronas Lubricants (India) became a strategic lubricants partner for Indian automotive manufacturer Tata Motors’ commercial vehicles, under a recently announced agreement.