The Malaysian state of Sabah allowed palm oil plantations and mills to reopen last month after setting conditions aimed at preventing the spread of Covid-19.
Automotive sales in the Association of Southeast Asian Nations dropped 3 percent in 2019, but sales of two-wheelers increased 3 percent, according to figures released by the Asean Automotive Federation this week.
Malaysias vehicle sales are projected to grow 1 percent to almost 609,000 units this year, according to a forecast by Frost & Sullivan. The countrys economy is expected to continue recording positive growth this year, driving consumer confidence, the company said.
Energy trading company Kismat Singapore entered the Southeast Asian lubricant market through a toll-blending deal in Malaysia, the company announced this month.
Vehicle sales across Southeast Asias big three markets - Malaysia, Indonesia and Thailand - are projected to cross 3.9 million units combined by 2025, according to an analysis by Frost & Sullivan. The study cited factors such as robust economic growth, high population and low car parc.
Petronas Chemicals Group Bhd of Malaysia agreed to acquire Netherlands-based lube oil additive manufacturer BRB International B.V.s holding company for 163 million (U.S. $182 million) in cash, according to a May 16 Petronas filing with the stock exchange of Malaysia.
Malaysias Micratto Technologies Sdn. - founded by researchers at Sunway University - will produce graphene-based lubricants for automotive applications next year, the company told Lube Report. The graphene is used as an additive to help reduce friction and wear.
Malaysias Petronas Lubricants International will begin production at its lubricant blending plant in India by the end of this year, the company told Lube Report.
Malaysian demand for automotive engine oil is expected to grow at a compound annual rate of 2.9 percent between 2016 and 2021 to 202,000 metric tons, the Freedonia Group predicted in a recent report. In 2016 demand totaled 175,000 tons.
Verdezyne Inc. began constructing a commercial-scale, palm-based dodecanedioic acid manufacturing facility in Iskandar, Malaysia, following a two-year delay. The United States-based synthetic biology firm claims the facility will be the first of its kind.