Volume 6 Issue 3

Report: Occupiers Take Over Azmol, Agrinol

Azmol and Agrinol, the largest lubricant producers in Ukraine, were taken over by forces aligned with Russia’s occupation of parts of eastern and southern Ukraine and are being used for Moscow’s war on Ukraine, a media organization reported recently.

Petromin Reportedly Prepares IPO

Saudi Arabian lubricants blender Petromin plans to raise up to $1 billion via an initial public offering, Bloomberg reported on Jan. 13. According to the report, attributed to people familiar with the IPO, the company so far engaged Saudi National bank and Moelis & Co. and may add more banks to the syndicate.

Lubes’n’Greases January Issue Available

The January issue explores trends in base stocks and finished lubricants. Discover how two new lubricant manufacturing processes can decrease energy usage as well as what the future may hold for bright stock demand. Plus, find out what NLGI and ELGI’s grease working groups have been up to recently and how their work may affect the industry.

France Lube Consumption Fell in November

Lubricant consumption in France fell 9% to 41,317 tons in November, compared to the same month last year, Paris-based Professional Lubricants Center reported in data released on Monday. Automotive lubricants consumption declined 8%, industrial lubricants demand dropped 16% and process oil consumption rose 9%.

From Other Editions of Lube Report

Sri Lanka to Allow More Lube Suppliers

Moresco Reports Increased Sales

Lubnor Sale Sent Back for Review

Briefly Noted

Citing supply and demand, OQ Chemicals announced it will raise prices effective Feb. 1 in Europe on isononanoic acid by €180 euros (U.S. $195) per metric ton. Isononanoic acids are carboxylic acids that can be used to make synthetic polyol ester-based lubricants that are used in applications such as refrigeration and aviation.