Volume 9 Issue 42
CNOOC-Shell Plans PAO Plant in China
October 21, 2022A petrochemical joint venture in China between China National Offshore Oil Corp. and Shell has licensed technology from Neste for a polyalphaolefin plant to be built in Huizhou City, Neste announced on Wednesday.
South Korean Base Oil Exports Fall
October 21, 2022South Korea exported 6% less base oil September, but the declared value of the product exported rose 10%, compared to the same month last year, according to data released by the Korea Customs Service.
Merger for Caldic, Connell Specialty Units
October 21, 2022Private equity investment firm Advent International and Wilbur-Ellis announced last week they are merging their life sciences and specialty chemicals businesses, Caldic B.V., and Connell. The latter is a major player in Asia-Pacific, and its products include specialty ingredients used in products such as metalworking fluids and greases.
Briefly Noted
October 21, 2022Sales of four-wheel automobiles in Southeast Asia reached 296,498 in August, a 72% increase from the same month last year, according to Asean Automobile Federation data. Through the first eight months of this year, sales were up 31% at 2.2 million, compared to 1.7 million for the same period last year.