Volume 4 Issue 29

Rosneft Sold Less Lubes in 2020

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 to Add Second U.A.E. Terminal

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 Extends Carbon Neutrality

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.

From Other Editions of Lube Report

Australia Court: Wind Down Hydrodec

Lube Additive Sales Rebounded in May

Oils, Filters Gain Online During Pandemic

Briefly Noted

Passenger car registrations in the European Union grew 10% to almost 1.1 million units in June, compared to the same month last year, the European Automobile Manufacturers Association reported. During the first half of 2021, such registrations jumped 25% to 5.4 million, compared to the first six months of 2020. United Kingdom sales – still tracked by ACEA – were up 28% for June at 186,128 units, and were up 39% for the first half of this year at 909,973.