Registrations for sales of new passenger cars, trucks and buses fell 29 percent in April, compared to a year earlier, according to data released on May 18 by the Japan Automobile Manufacturers Association.
As China slowly reopens its economy, domestic lube suppliers see survival at the top of the agenda and are using promotional events and new distribution channels in attempts to jump start sales.
The Chinese government announced on Wednesday a six-month postponement to nationwide implementation of its China VI emissions standard for light-duty vehicles, which had been scheduled to take effect July 1.
Southwest Dingsheng Energy plans to build a base oil rerefinery in Xi Feng County, Guizhou province. A local government environmental assessment was recently completed for the 60,000 metric tons per year API Group I plant, which will cost about ¥159.8 million (U.S. $22.6 million).
Asia accounted for more than half of 11.2 billion pounds of global wax supply in 2019, leading in petroleum waxes in large part because of China refineries’ widespread production of wax through processes not involving API Group I base oil, an industry insider said.
Two industry associations urged the Malaysian state of Sabah this week to allow oil palm plantations and mills to reopen, advising that the industry could suffer severe setbacks if they are forced to remain closed.
Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installations, boosted by regulatory reform during the past two years, according to a report by the Global Wind Energy Council.
Stated-owned Thai Oil Group’s base oil business posted a massive jump in net profit for the fourth quarter of 2019, and a slight decrease in net profit for the full year. Revenue for the base oil business was down for the fourth quarter and full year.