Volume 9 Issue 45
Shell Expands Indonesia Plant
November 10, 2022Shell completed an expansion that more than doubles the size of its lubricant blending plant on Indonesia’s Java island, raising capacity to 300 million liters (270,000 metric tons) per year and making it one of the company’s largest such facilities. The company said it undertook the project in response to the country’s growing demand for premium lubricants.
Profits Up for SK, Down for GS Caltex
November 10, 2022Among South Korean base oil refiners, SK Lubricants reported a slight increase in operating profit for the third quarter, noting that lower costs and higher sales prices helped support pricing margins, while GS Caltex reported a drop in operating profit.
Idemitsu Develops Ash-free Diesel Engine Oil
November 10, 2022Japanese lubricant blender Idemitsu Kosan developed an ash-free heavy-duty diesel engine oil with no metallic detergents while maintaining anti-wear performance, the company claimed recently.
From Other Editions of Lube Report
November 10, 2022Puraglobe Moves Forward on U.S. Rerefinery
Briefly Noted
November 11, 2022Sales of four-wheel automobiles in Southeast Asia rose 38% to 320,962 in September, compared to the same month last year, according to Asean Automobile Federation data. Through this year’s first nine months, sales were up 33% at 2.5 million, compared to 1.9 million for the same period in 2021.