Volume 4 Issue 29
Russian oil major Rosneft sold 1.05 million tons of base oils and lubricants in 2020, 4.5% less than the year before, according to the company’s annual performance report.
Petrochem Middle East will invest $80 million to $90 million to develop its second chemical terminal within Jebel Ali Port, in the United Arab Emirates, under a 30-year lease agreement announced with DP World. Petrochem distributes chemicals used in the lubricants industry, including alcohols, glycols, esters and ethanolamines.
Fuchs Petrolub SE said Monday that it has extended the carbon neutrality of its business to cover on-site operations of joint ventures and non-manufacturing subsidiaries. The German lubricant producer said last year that it achieved net zero carbon dioxide emissions for its wholly-owned manufacturing units.