Volume 9 Issue 43
Eneos Closes Group I Plant
October 28, 2022Eneos Corp. closed the API Group I base oil plant at its Negishi refinery near Tokyo this month, part of a decision to permanently close most of the refining complex, a company spokesperson told Lube Report.
Richful Plans Additives Expansion
October 28, 2022Richful Lube Additive Co. has proposed investing ¥1 billion (U.S. $138.3 million) to expand its lubricant additive factory in Xinxiang, China, installing equipment that will produce numerous types of chemical additive components for a combined capacity increase of 460,000 metric tons per year.
S-Oil’s Profits Up, Hyundai Shell’s Down
October 28, 2022Profits rose 30% for the base oil and lubricants business of S-Oil and fell 16% for base oil refiner Hyundai Shell Base Oil in the third quarter, while sales were up for both, compared to the same period last year.
From Other Editions of Lube Report
October 28, 2022U.S. Base Oil Imports, Exports Both Jump
Briefly Noted
October 28, 2022Sales of motorcycles and scooters in four Southeast Asia countries — Malaysia, the Philippines, Singapore and Thailand – surged 69% to 373,733 in August, compared to sales in the same month last year, according to Asean Automotive Federation data.