Volume 5 Issue 30
France Demand Rose in May
July 26, 2022France’s lubricant consumption rose 9% to 45,368 tons in May, compared to the same month last year, according to data released by the Paris-based Professional Lubricants Center. The country’s gross domestic product began to rebound in April and May after a drop in the first quarter, according to the Bank of France.
Italy Recycles Close to Half of Lubricants
July 26, 2022Italy recycled 98% of used lubricating oils collected in the country in 2021 – the fifth straight year that it met or topped that level – according to data in the sustainability report of Italy’s National Consortium for the Management, Collection and Treatment of Used Mineral Oils, known as Conou. The country collected 46% of the lubes it consumed.
Naftal Opens Drum Factory in Algeria
July 26, 2022Algerian motor fuels retailer Naftal inaugurated a factory this month in the northwest of the country that manufactures metal drums used to package lubricants. Located in the city of Mascara, the factory has capacity to produce 400,000 barrels per year and was built at a price of 1.2 billion dinar, according to the company, which is a subsidiary of national energy firm Sonatrach.
From Other Editions of Lube Report
July 26, 2022South Korean Base Oil Exports Fall
Briefly Noted
July 26, 2022Sweden-based SKF entered into a collaboration that will combine Quaker Houghton’s industrial oils and application expertise with SKF RecondOil’s double separation technology to offer industrial customers a fully circular use of industrial oil. The tailored solutions will be offered under fee- or performance-based contracts, helping provide the companies’ customers with future-oriented offers and facilitate their transition into a circular economy.