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 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 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.
More than a quarter of Polish motorists do not know what type or brand of oil is used in their vehicle, according to a new marketing study on motor oil consumer behavior within the country.
Poland consumed more than 226,000 metric tons of lubricants in 2019, down 3.5 percent from the year before, and the slight decrease is attributed to weakening of the automotive industry and other sectors such as the metallurgy and mining, according to a Polish trade organization’s report.
The European Commission is once again considering a proposal to bring lubricants into its Excise Movement and Control System, and the Union of the European Lubricants Industry is once again working to block the bid.
The Spanish Association of Lubricant Companies assured the public that its member companies will continue supplying lubes for essential activities despite countermeasures taken by Spain’s government to combat the Covid-19 epidemic.
BPs lubricants business reported higher profits for the fourth quarter and lower profits for the full year, attributing the full-year decline mainly to adverse foreign exchange effects. German lubricant and aftermarket additive manufacturer Liqui Moly rebounded from software problems that impacted its half-year results, posting an increase in net sales for the full year.
The African Continental Free Trade Agreement that went into force in May benefits Africas lubricants blenders by reducing tariffs and other barriers to doing business with other countries within the continent, industry insiders said Nov. 6 at a conference in Cape Town, South Africa.
Independent lubricants blender Fuchs Petrolub SE reported a decrease in profits and an increase in sales, while BPs lubricants business posted an increase in profit for the third quarter compared to 2018s third quarter.