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Lubricants

Azerbaijan Blender Has Ambitions

One of Azerbaijan’s few lubricant producers is a three-year-old start-up that is using just a fraction of its manufacturing capacity. But Technol officials say the company is growing and that it aims to become a major player in its home market while also developing an export business.

Khmz Reports Increased 2019 Profit

Russian lithium hydroxide producer Khimiko-Metallurgicheskiy Zavod posted more than a tenfold increase of its operating profit to 167 million rubles (U.S. $2.3 million) for 2019, according to the company’s latest earnings report.

Supply by Spanish Association Dips

The 22 associate members of the Spanish Lubricant Association sold 348,000 metric tons of lubricants in the country in 2019, down 1.3 percent from 2018, according to the group’s statistical commission.

Dutch Biolube Start-up Gets Subsidy

The Groningen province in the Netherlands provided a €50,000 (U.S. $54,000) subsidy to support Stadskanaal-based Airgroup’s efforts to develop and produce lubricants based on vegetable oils.

Spain’s Lube Demand Slightly Down

Spain’s total lubricant consumption decreased 1.5 percent last year to 455,861 metric tons, according to Sigaus, a non-profit entity that manages used lubricants in the country.

Q1 Profits Down for BP, Fuchs

BP’s lubricants business posted a steep drop in profit for the first quarter, which it attributed primarily to Covid-19 pandemic impacts, while independent lubricants blender Fuchs Petrolub SE reported moderate declines in profits and sales, compared to 2019’s first quarter.

Study Assesses Hydraulic Fluid Sustainability

German industrial giants Fuchs Petrolub and BASF carried out a joint study on the cradle-to-grave environmental impact of mineral oil hydraulic fluids, opening the door to further investigation of synthetic hydraulic fluid products.

French Lube Demand Fell in 2019

French lubricant demand dropped 5.2 percent in 2019 as the European Union’s carbon dioxide emission reduction targets put pressure on the automotive sector in France and other large Euro economies, according to a consultant.

Tatneft to Open Plant in June

Tatneft has finished building a lubricants blending plant at the site of its Taneco refinery in Nizhnekamsk, Russia, and plans to start operations in June, the company told Lube Report.

GP Global Acquires Nigerian Blender

GP Global acquired the lubricants assets of Lagos, Nigeria-based Grand Petroleum. A GP Global executive told Lube Report yesterday the acquisition is part of a bid to expand its lubricant and base oil operations.
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