Volume 4 Issue 42
EVs May Alter Chinas Lube Demand
October 17, 2017Disruptive technologies such as electric vehicles will cause Chinas demand for engine oils to decline faster than expected, said Steven Zhang of Kline & Co. at a conference in Beijing last month.
Verdezyne DDDA Plant Underway
October 17, 2017Verdezyne Inc. began constructing a commercial-scale, palm-based dodecanedioic acid manufacturing facility in Iskandar, Malaysia, following a two-year delay. The United States-based synthetic biology firm claims the facility will be the first of its kind.
Pertamina Accelerates International Push
October 17, 2017Indonesias state-owned PT Pertamina Lubricants began using Thailand as a launching point for expansion in China and Indochina. It also recently forayed into Egypt and announced plans to explore opportunities in Africa, the South Pacific, the Indian subcontinent and other regions.
HPCL Launches Lubes in Myanmar
October 17, 2017Hindustan Petroleum Corp. Ltd. began selling lubricants in Myanmar, claiming its the first Indian oil marketing company to expand into the Southeast Asian nation.
Briefly Noted
October 17, 2017Ambarnath, India-based Arabian Petroleum Ltd. launched itsProbuz and Reverto brands of lubricants, developed with Xado India Lubricants Pvt., throughout the country this week. Global Market Insights Inc. found in a recent study that the lubricants packaging market will grow by a compound annual rate of nearly 3.5 percent from 2016 to 2024 in Asia-Pacific, the largest region worldwide in terms of volume and value of packaging materials.