Volume 9 Issue 29

South Korean Base Oil Exports Fall

South Korea exported 22% less base oil volume in June, compared to the same month last year, but the declared value of those exports rose 4%, according to data released last week by the Korea Customs Service. The base oil volume exported during the first half of this year decreased 5% to 2.1 million tons, compared to the same period in 2021.

Moresco’s Specialty Lube Sales Increase

Japanese specialty lubricant producer Moresco Corp. reported improved sales for its specialty lubricants for its first fiscal quarter ended in May, with strong increases in cutting oils and hydraulic oils revenue, while sales for synthetic lubricants were flat.

Blending Plant Opening in Northern China

A company in Northeastern China has finished constructing a blending plant designed to make fluid lubricants formulated with graphene. Sanrun Technology Co. is now commissioning equipment and plans soon to begin operating the plant, which has capacity to make 30,000 metric tons per year of lubricants, according to recent reports by the local government and Chinese news organizations.

From Other Editions of Lube Report

API Drafts Sustainable Practice for Lubes

Big Additive Suppliers Halt Sales in Russia

Maximus Expands in East Africa

Briefly Noted

Burque Corp. will distribute lubricants for Shell Pakistan under an agreement announced July 15. Burque has facilities for warehousing and sales across 23 cities in Pakistan.  India’s GP Petroleums announced on July 20 a five-year renewal agreement for distribution, sale and local manufacturing of products for Spain’s Repsol Lubricants and Specialties.