Volume 3 Issue 7

Coronavirus Upends Base Oil Demand

Base oil refiners in the Middle East face a slowdown in business from China, following the outbreak of the deadly coronavirus as the crisis shreds lubricant and grease demand in key sectors.

Fuchs: China Sags, Sustainability Looms

Global lubricant demand is sagging due to a slowdown in China - the market largely responsible for a slow but steady expansion over the past decade, an official from Fuchs Petrolub SE told an industry conference here last month.

Europe Tops Offshore Wind Energy Volume Record

Europe installed a record 3,623 megawatts of new offshore wind capacity in 2019, according to statistics released Feb. 6 by WindEurope. However, the association noted, more ambitious growth will be required to meet the goals of the European Commissions Green Deal, which aims to decarbonize Europes energy system by 2050.

Tough 2019 for Rerefiner Hydrodec

United Kingdom-based transformer oil rerefiner Hydrodec Group posted a full-year loss for 2019 and said its revenues declined by more than 22 percent, according to its year-end trading update issued Feb. 14.

From Other Editions of Lube Report