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January 19, 2018

Volume 5 Issue 3

Industrial Lube Demand to Dip

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Asia-Pacific’s demand for general industrial lubricants and grease is expected to shrink roughly 0.1 percent through 2021, with declines in China and Japan offsetting increases in other countries, Kline & Co. said in an interview. The region dominates the global market, accounting for 2.6 million tons, or 41 percent of global demand in 2017. read more

Apar JV Eyes Government Supply

Indian transformer oils and lubes manufacturer Apar Industries Ltd. formed a joint venture with a car dealer that aims to supply lubes to the government. read more

BASF-Petronas Stream PIBs

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BASF Petronas Chemicals Sdn began producing highly reactive polyisobutene in Malaysia last week. The joint venture said the 50,000 metric tons per year unit is the first of its kind in Southeast Asia. read more

Briefly Noted

India’s state-run Numaligarh Refinery Ltd. exported paraffin wax to Europe for the first time in a 132 metric ton haul to Poland this month. It also increased exports to Myanmar and Bangladesh last week in support of the government’s Act East policy.  A recent MarketsandMarkets report found that increasing aircraft fleet sizes in the Asia Pacific make it the fastest-growing region for aviation lubricants through 2022.