Volume 7 Issue 4

Russia Sanctions Ramp-up Includes Turbine Oils

The United States last month gave regulators new authority to target domestic and international institutions involved in evading bans on exports to Russia of a range of products including turbine oils and turbine oil additives.

Solvay Spins Off Specialty Chemicals Unit

Solvay last month completed the spin-off of its specialty chemicals business, which has been named Syensqo and supplies a range of lubricant additives and lubricants, among other products. The split was finalized after owners of 99.53% of Solvay’s stock shares voted Dec. 8 in favor of the change.

EU Car Sales Jumped 14% in 2023

Passenger car registrations in the European Union rose 14% to 10.5 million units in 2023, despite December marking the first month of contraction after 16 consecutive months of growth, the European Automobile Manufacturers Association reported last week.

From Other Editions of Lube Report

Saneg Revamped its Group I Base Oils

Sinopec Lubricants Progresses on Tianjin Facility

Arguing for More Group III Production in U.S.

Briefly Noted

Sales of new vehicles in South Africa decreased 3% to 40,329 units in December, compared to the same month in 2022, according to data released by the National Association of Automobile Manufacturers of South Africa. It represented the fifth consecutive month of year-on-year decline, the association noted, as sales have yet to out-perform 2019 pre-pandemic levels.