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Stock Exchange Hears Tianhe Appeal

Tianhe Chemicals Group is scheduled to appear before a Hong Kong Stock Exchange disciplinary board today to appeal its delisting after the company’s prolonged suspension for failing to meet exchange requirements.

Infineum to Expand China Additive Plant

Infineum has signed a letter of intent to add a second phase to its lubricant additive plant in Zhangjiagang, Jiangsu province, China, expanding a facility that first began production in 2016.

Additive Makers Gaining Role in China

A new Chinese national standard for diesel engine oil is expected to go into effect next year, leaving Chinese lubricant blenders relying on additive makers to comply, an official from one additive supplier said at a conference in Singapore this month.

Nicca Adds Fluorine Plant in South Korea

Nicca Chemical plans to re-enter the lubricant market with the completion of its new fluorine plant in South Korea, increasing its production capacity by 30 percent, the company told Lube Report.

Innov Oil Expands in Singapore

Viscosity modifier producer Innov Oil completed the relocation of its Singapore operations to a larger factory that provides increased production capabilities and storage capacity, the company announced last week.

Additive Volumes Forecast to Grow

Global lubricant additive demand volume will grow 0.5 percent per year from 4.6 million tons in 2018 to more than 4.8 million tons by 2023, consultancy Kline & Co. projected, slightly less than the growth projected for finished lubricants due to a sharp decline in detergents for marine lubricants.

Tianhe Reports Rough Waters

Tianhe Chemicals recently reported a 57 percent decline in gross profits from its lubricant additives segment for the first half of 2019, citing challenges ranging from declining demand for its products to difficulty meeting customer requirements.

Sasol Opens New China Alkoxylation Facility

Sasol Ltd. opened its alkoxylation plant in Nanjing, China, last week, expanding its production of surfactants, some of which are used to make lubricants and metalworking fluid additives, the company announced. It is the companys first wholly owned facility in Asia.

Evonik Boosts Global Oil Additives Capacity

Evonik announced on Monday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including plants in Singapore and China.

KH Neochem Plant to Open in 2020

KH Neochems new refrigeration lubricant additive plant, expected to open early next year in Mie prefecture, western Japan, will increase the companys production capacity by 50 percent to meet Asias growing demand, the company said.
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