Volume 4 Issue 45

Swiss Arxada to Merge with Troy

Lubricants and biocides manufacturer Arxada and Troy, a producer of metalworking fluid biocides, will merge their businesses, expanding the manufacturing and product portfolios of the both businesses, the companies announced last week. Arxada, formerly known as Lonza Specialty Ingredients and based in Basel, Switzerland, makes biocides, corrosion inhibitors, lubricants and specialty additives for lubricants and metalworking fluids under its Microbial Control Solutions umbrella.

EVs Forecast to Cut Engine Oil Demand

With numbers still ramping up rapidly from such a small base, forecasting global electric vehicle sales far into the future is a dodgy undertaking, but a consulting firm estimates that they will comprise 35% of the total passenger vehicle fleets in 15 large or developed nations by 2040, and that annual passenger car motor oil demand in those markets will decline by approximately 700,000 metric tons over the same period.

Castrol Slipped in Third Quarter

London-based BP reported an underlying replacement cost profit of $231 million for its Castrol lubricants business before interest and taxes for the third quarter, a 29% decline from $326 million in the same period in 2020. The company cited rising base oil prices as a key factor.

From Other Editions of Lube Report

Indian Oil to Make Maleic Anhydride

Costs Nick Castrol India, Gulf Oil

August Base Oil Output Up from 2020

Briefly Noted

Epcco Lubricants, a joint venture between Enoc Group and Chevron Al Khaleej, partnered with Dynatrade, the largest multi-brand automobile service network in the region, to distribute Enoc and Caltex lubricants in the United Arab Emirates under a five-year agreement.