Volume 5 Issue 23
Several foreign lubricant brands – including BP’s Castrol – are disappearing from the Russian market, but others are continuing to be sold there. Meanwhile the Russian government is trying to mitigate the effects of sanctions and international boycotts by introducing some exotic import measures that allow third parties to import brands of companies that have exited the market.
Chevron Phillips Chemical said today it will build a new polyalphaolefins unit in Beringen, Belgium, in response to growing global demand for the fluids. The company is targeting a 2024 startup for the unit, which will double its PAO production capacity in Belgium to 120,000 metric tons per year.
The Torzhok, Russia, lubricant factory that Lukoil bought recently from Shell will produce products to be marketed under the Teboil brand that Lukoil owns in Finland, Lukoil announced today. Lukoil also announced that the 411 Shell gasoline stations that were part of the same deal will bear the name of the Finnish company.