Volume 5 Issue 44
Russia’s finished lubricant production is expected to fall 7% to 1.8 million tons for the full year 2022 due to lower demand and Shell and TotalEnergies’ exit from the country, an industry observer predicted during a conference last week.
Shell and TotalEnergies have both announced partnerships to develop electric vehicle battery immersion cooling fluids, signaling a continued positioning of e-mobility as a strategic priority by energy majors.
Independent lubricants blender Fuchs Petrolub SE reported a 13% increase in net profit and higher sales in the third quarter. The company’s sales were up in all regions, including by more than 50% in North and South America.