Volume 5 Issue 13
Mol-Lub is expanding its grease factory in Hungary in order to add calcium sulfonate complex greases to its product portfolio. Officials said demand for calcium greases is rising even as the overall lubricant market in the region shrinks. The grease plant in Almasfuzito has capacity of 15,000 metric tons per year, which is set to increase by approximately 10%.
Nigerian lubricants blender and marketer Conoil reported higher gross profit and sales for the fourth quarter of 2021 as well as for all of that year. Gross profits for the fourth quarter increased 158% to 289.8 million naira, while gross profit for the full year jumped 36% to 2.5 billion naira.
French biochemical start-up Afyren announced that its Afyren Neoxy joint venture has finished building its first commercial factory near Saint-Avold, France, and that it will begin in coming weeks to produce its carboxylic acids for lubricants and other applications.