Volume 2 Issue 49
JX Nippon, TonenGeneral Announce Merger
December 8, 2015JX Holdings and TonenGeneral Sekiyu KK announced Thursday that they will merge as a way of coping with Japans declining demand for fuel and oil products.
India Accelerates Emissions Schedule
December 8, 2015India announced it will implement Bharat Stage V and VI emissions standards for passenger vehicles three years earlier than previously planned, in 2019 and 2021 respectively.
Upgrade Planned for Cilacap Base Oils
December 8, 2015Base stocks produced at a Pertamina refinery in Cilacap, Indonesia, would be upgraded as part of a multi-billion retrofit agreed to by the Indonesian oil company and Saudi Aramco.
Lubcon Opens Philippines Plant
December 8, 2015German lubricant marketer Lubricant Consult GmbH opened a blending plant in Binan, the Philippines, saying the facility will serve as its springboard for growth in the surrounding region.
Briefly Noted
December 8, 2015Indian Oil Corp. Ltd. signed a licensing agreement to offer Servo hydraulic fluids formulated with Dynavis additive technology from German additive supplier Evonik. The Belarusian lubricant additive joint venture LLK-Naftan said it is increasing sales to India and other parts of South and Central Asia.