Volume 4 Issue 19

Polish Market Shrank 7% in 2020

Poland consumed almost 220,000 metric tons of lubricants in 2020, down 7% from the year before due to the COVID-19 pandemic, according to an oil industry report. The report indicated that the Polish market took a significant beating but suffered less of a setback than some other markets in Europe.

Fergana Refinery Up for Sale

Uzbek authorities last week announced the government’s intention to sell the Fergana Oil Refinery LLC, the second-largest refining complex in the country. The announcement was posted on the website of the state Agency for Attracting Foreign Investments. The application process is open to all interested parties.

In Spain Demand Fell, Waste Program Spread

Spain’s lubricant consumption dropped 13% to 397,074 metric tons in 2020, according to Sigaus, a non-profit entity that manages used lubricants in the country. It also reported that 86% of that volume is subject to national waste rules assigning “extended producer responsibility” for collection and disposal – up from 82% in 2019.

From Other Editions of Lube Report

Japan Lubes Demand Up Again

U.S. Base Oil Output Retreats

Earnings Rise for Valvoline, HCC

Briefly Noted

German lubricant and aftermarket additive maker Liqui Moly reported sales of €60 million (U.S. $73 million) for the month of April, up 60% from the same month last year, when the pandemic began causing a steep decline in demand, and up 26% from April 2019.