The European Union is working on a revision of its Ecolabel standard for lubricants. Regulators say the proposed changes will strengthen protections for the environment while also encouraging the development of more environmentally benign products.
Lukoils LLK International sold 863,000 metric tons of finished lubricant products in 2017, up 13.4 percent from 761,000 tons sold in 2016, a spokesperson told Lube Report last week.
Serbian lube marketer Fam recently opened a corrosion inhibitor and degreaser production unit. The government is now seeking a foreign investor following years of scandal and financial struggles under its previous owners.
Oxea will increase its European production capacity for neopentyl glycol - a polyalcohol that can be used as a building block in lubricants - by early 2020 through a debottlenecking project now underway at its factory in Oberhausen, Germany, the company announced last week.
Infineum announced this month that it has begun constructing a research and development center at its headquarters in Milton Hill, Oxfordshire, United Kingdom.
A survey of Russian motorists indicates that a large proportion of them are not following original equipment manufacturers recommendations for viscosity grades and motor oil types when getting their passenger cars oil changed.
Aztec Oils has completed several acquisitions the past few years and now is trying to continue growing with a 1.2 million (U.S. $1.6 million) development project to increase storage capacity at its main Bolsover site in central England.
Russian industrial lubricants and grease marketer Titan built a new plant in Novocherkassk, introduced a new filling line and entered new markets, a company official said at an industry conference in Moscow last month.
Lukoil opened a new modernized loading center for lubricants and bitumen products at its refinery in Volgograd, Russia, the company announced earlier this month.
United Kingdom-based transformer oil rerefiner Hydrodec Group posted an overall loss for the year, although sales revenue from its U.S. and Australia rerefining operations were up, according to audited earnings results released May 31.