Volume 7 Issue 7

Indonesia Disputes EU Fatty Acid Duties

Indonesia requested World Trade Organization dispute consultations with the European Union over its imposition of anti-dumping duties on imports of fatty acids from Indonesia.

Lack of Upkeep Hampers Turkmenbashi

Turkmenistan’s only base oil plant has been running at less than half of its 150,000 metric tons per year capacity due to a halted project to modernize the fuels refinery and limited access to new technologies, according to an industry insider.

Special Report: Base Stocks

Discover how extended producer responsibility in India might affect rerefining in the country, how the automotive industry is impacting base oil demand in Brazil as well as how a Dutch startup is producing fatty acids from food waste.

Castrol Profits Surged in 4th Quarter

BP reported a triple-digit increase in fourth-quarter profitability for its Castrol lubricants business and a slight improvement for the full year 2023, the former attributed to higher margins and a change from late 2022’s COVID restrictions.

From Other Editions of Lube Report

Hongrun White Oil Project includes Group III Plant

Novvi Exits Bankruptcy with New Structure

Lubrizol Inks Licensing Deal with BASF

Briefly Noted

Claus Langgartner, Munich-Germany-based Kluber Lubrication’s executive vice president of sales and marketing, and speaker of the management board (CEO), retired on Dec. 31 after 25 years. Taking over his duties Jan. 1 was Wolfgang Sammer, who was regional manager for Eastern Europe and general manager for sales and marketing at Kluber Lubrication Austria from 2020 to 2023.