Volume 6 Issue 44

EU Reportedly Mulls Softer PFAS Restrictions

The European Union, according to news reports, is mulling whether to proceed with a proposed complete ban of new per- and polyfluoroalkyl substances, or PFAS, after numerous industry complaints it would hamper the manufacturing and availability of thousands of essential products, including finished lubricants.

German Lube Consumption Keeps Falling

Germany’s finished lubricants demand, including process oils, decreased 6% in August, although several categories experienced double-digit year-on-year percentage increases, including motor oil, turbine oil, transformer oil and greases for cars.

Fuchs Profit Rises Despite Dip in Sales

Fuchs SE posted an 11% increase in third quarter profits, compared to the same period of last year, despite a small drop in sales revenue. In its earnings release, the company noted sluggish economic growth even disregarding impacts of fighting in Ukraine and the Middle East.

From Other Editions of Lube Report

Eneos Shutters Wakayama Refinery

Mexico Restricts Base Oil Imports

China Extends Tax Break for Rerefined Oils

Briefly Noted

In September, new passenger car registrations in the European Union rose 9% to 861,062, compared to the same month last year, the European Automobile Manufacturers Association reported. That included double-digit percentage increases in two of the EU’s largest markets – by 23% in Italy and by 11% in France.