Xinxiang Richful Lube Additive Co., a Chinese additives supplier, plans to focus more on emerging markets because of the U.S. governments recent decision to raise tariffs on a range of Chinese imports, including lubricants and lube additives.
Afton Chemical Corp. announced last week that it will expand its new lubricant additives plant in Singapore, increasing its investment there to about SG $400 million (U.S. $284 million). The company previously said that the first phase of the plant cost SG $100 million.
Tianhe Chemicals has been suspended from the Hong Kong Stock Exchange after Anonymous Analytics accused it last week of fraud.
Dutch additive supplier BRB International is partnering with a Singapore engineering firm to build a viscosity index improver factory that will open next July.
Shares of lubricant additives supplier Tianhe Chemicals Group resumed trading on the Hong Kong Stock Exchange Thursday after a month-long suspension triggered by an accusation that its June initial public offering was a fraud.
Tianhe Chemicals is in the midst of building two lubricant additive factories that it plans to open next year, in Dubai and Singapore.
Indias new fuel economy standards will demand lower viscosity automotive lubricants and more bespoke formulations, an official at a leading oil marketer says.
A draft list of substances that will require registration under South Koreas looming new chemical safety regulation includes a number of chemicals used by the lubricants industry, from various amines to metalworking fluid biocides and other lube components.
Tianhe Chemicals last week conducted a long-awaited stock offering aimed at raising funds to repay debt and invest in product development of its lubricant additive and fluorochemicals businesses.
Afton Chemical began construction last week of a lubricant additive plant on Jurong Island, Singapore, The facility is scheduled to begin operating in late 2015.