Volume 6 Issue 9
ExxonMobil Sees Growth Despite Disruptions
February 28, 2023Global base oil markets face a number of challenges – from supply chain disruptions to inflation and geopolitical events – but the factor making the greatest impact will be the rapid post-pandemic recovery in demand and prospects for moderate future growth, an ExxonMobil official said at an industry event in London.
Luberef Expansion Will Add 230,000 T/y
February 28, 2023Luberef said Sunday that a previously announced expansion of its base oil plant in Yanbu’ al Bahr, Saudi Arabia, will increase capacity by 230,000 metric tons per year. The company again said the project will also enable the facility to make an undisclosed amount of API Group III base stocks, stating that this will improve the plant’s profitability.
Oleon to Double Size of Belgium Unit
February 28, 2023Belgian oleochemical producer Oleon will double the capacity of its isostearic acid and dimer production unit in Ertvelde, Belgium, by 2024 to support its growth and competitiveness in industrial markets, including in the lubricants sector. The unit’s capacity will be 14,125 metric tons per year after the project, the company said in a press release last month.
From Other Editions of Lube Report
February 28, 2023Lopal Forms Pact with SAIC-GM-Wuling
Briefly Noted
February 28, 2023Infineum announced Feb. 22 that Trevor Russell will retire from his position as CEO on June 30 and be succeeded by Aldo Govi, currently executive EVP commercial. Infineum – a joint venture between Shell and ExxonMobil – is one of the world’s largest formulators, manufacturers and marketers of petroleum additives for lubricants and fuels. Dubai-based flydubai renewed a multi-year exclusive agreement for the supply of France-based Nyco’s Turbonycoil 600 synthetic turbine oil to cover flydubai’s full fleet of Boeing 737 NG, powered by CFM56-7B engines, and Boeing 737 Max, powered by Leap-1B engines.