Volume 4 Issue 14
Two units that are key to an upgrade project reach Gazprom Neft’s base oil plant in Omsk, Russia, last week culminating a complex and multi-phase journey of more than 9,000 kilometers. The plant is now closer to producing API Group II and III base stocks.
France’s lubricant consumption fell by more than 10% in in January, compared to the same month in 2020, ending a streak of five consecutive months of lubricant sales topping year-earlier results. According to the Professional Lubricants Center’s latest statistics, lubricant sales in France declined 11% to 43,078 metric tons in January, down from 48,595 tons.
AIM, the London Stock Exchange’s market for small and medium growth companies, today issued a notice cancelling trading of United Kingdom-based transformer oil rerefiner Hydrodec’s shares because of its failure to meet a deadline for concluding a company audit. Trading of Hydrodec’s stock had been suspended since Oct. 1.
Chemical company BRB International announced last week the groundbreaking for a lubricant additive factory that it will operate Echt, Netherlands – an indication that the Petronas subsidiary is still growing.