Legal & Regulatory
Vietnams implementation of a mandatory national lubricant standard last December may reduce the availability of low quality recycled lubricants, but overall lubricant quality in the market is expected to remain unchanged, industry insiders told Lube Report.
Indonesia, the largest automotive market in Southeast Asia, is considering new fiscal policies and regulations to encourage production and purchases of electric vehicles. It would probably be years before EVs affect the lubricants market, though, because the penetration rate is currently low.
Registration requirements for two lubricant and grease components, dicyclohexylamine and morpholine, took effect in Japan Jan. 1, due to an amendment to the list of Poisonous and Deleterious Substances, according to a statement by the Ministry of Health, Labor and Welfare.
The Philippines Bureau of Customs implemented a second tranche of its Tax Reform for Acceleration and Inclusion Law, taxing a number of products, including lubricating oils and greases, along with base stocks and lubricant additives.
South Korea's new Act on Safety Control of Consumer Chemical Products and Biocides regulation took effect Jan. 1. Industry sources disagree about whether it sets requirements for lubricants containing biocidal ingredients.
The China 6 vehicular emissions standard - the strictest in the world, according to the countrys central government - gets an 18-month head start next month in several of the nations most populous jurisdictions.
State-owned PTT Oil and Retail Business Co. is preparing for listing on The Stock Exchange of Thailand next year and expects to grow its lubricant business.
Indonesias mandatory use of B20 biodiesel fuel may lead to an increase in biodiesel fuel vehicles in Southeast Asia, encouraging lubricant blenders to gradually expand their product ranges.
Vietnam will double its environmental tax for lubricants beginning Jan. 1, according to a resolution passed by the countrys National Assembly Standing Committee last month.
Lubricants sold in Indonesia will be required to comply with a new national standard beginning Sept. 11, 2019, according to a regulation published last month by the countrys Ministry of Industry.