Volume 5 Issue 29
Big Additive Suppliers Halt Sales in Russia
July 19, 2022The world’s main suppliers of lubricant additive packages have stopped supplying Russia, two industry consultants told Lube Report. Without their products, Russian lube marketers are challenged to manufacture engine oils recommended for recent model year European passenger cars, which make up a significant portion of the country’s vehicle parc.
Maximus Expands in East Africa
July 19, 2022Indian lubricants blender Maximus International Ltd. plans to triple its production capacity in East Africa, the company announced, setting a high growth target with eyes on extending its reach across the continent. The company operates in the region through its wholly owned subsidiary, Nairobi, Kenya-based MX Africa Ltd.
Repsol Boosts Startup Nuspec
July 19, 2022Nuspec Oil, a United Kingdom-based company developing biobased base oils and advancing commercialization of novel rapeseed oils, was among five startups selected by the Repsol Foundation in the latest call of its Entrepreneurs Fund. Benefits will include a year of financial support, along with advice from and testing opportunities at Repsol.
From Other Editions of Lube Report
July 19, 2022SK Signs on to Rerefining Effort
Briefly Noted
July 19, 2022New passenger car registrations in the European Union dropped 15% in June to 886,510 units, the lowest volume for June on record since 1996, as supply chain issues continued to limit vehicle output, the European Automobile Manufacturers Association reported. Over the first half of this year, new car registrations in the EU shrank by 14%, compared to the same period last year, totaling around 4.6 million units.