Volume 6 Issue 5
Of the waste automotive lubricants generated in Turkey in 2021, just 11% was collected for further use, according to a report by a national oil association. Petder reported recently that 165,000 metric tons of used automotive lubes were generated that year and that it collected 18,536 tons.
Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% drop in gross profit for the full year, likely reflecting a decrease in sales for the quarter and much higher cost of sales for the full year.
The share of electric vehicles in the global vehicle parc could rise to 30-35% by 2035 and 80% by 2050 according to BP forecasts based on assumptions of falling costs and governments continuing to tighten regulations of automobile emissions. In its annual energy outlook, the energy giant said China, Europe and the United States will dominate growth in EV sales.