Volume 5 Issue 13
MOL Increases Grease Production Capacity
March 29, 2022Mol-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%.
Conoil Posts Higher Earnings
March 29, 2022Nigerian 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 JV Finishes Biobased Acids Plant
March 29, 2022French 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.
From Other Editions of Lube Report
March 29, 2022South Korea Base Oil Exports Stay Flat
Briefly Noted
March 29, 2022Malmo, Sweden-based Perstorp appointed Valentina Serra Holm vice president for engineered fluids. Previous appointments include senior global leadership positions at Nynäs AB, Calumet Specialty Products Partners and Koras AG, and since 2016 she has also served as president of UEIL, the Union of the European Lubricants Industry. Calumet Specialty Products Partners announced a long-term distribution partnership with SIP Specialty Oils and Fluids to broaden the footprint in the European market for Calumet’s naphthenic base oils and growing demand for more supply options. SIP will market, sell, warehouse and support the full Calumet naphthenic products portfolio with immediate effect.