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August 24, 2018

Volume 5 Issue 34

Hyundai Shell Expands Base Oil Plant

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Hyundai Shell Base Oil, a joint venture between Hyundai Oilbank and Shell, announced last week that it is completing a 250,000 metric tons per year expansion at its API Group II base oil plant in Daesan, South Korea. read more

Australians Upbeat About Growth

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Australian lubricant suppliers are unusually buoyant these days, talking about a pick-up in sales and demand in a market that’s been in the doldrums for several years. read more

Solutions, Rather Than Products, Pushed for China

As the quality of lubricants in China continues to rise, competition among suppliers – especially of industrial lubes – is intensifying and pushing companies to offer value-added products or services, industry insiders said at an event last week in Xi’an, Shaanxi province. read more

Briefly Noted

The Myanmar government will begin quality checks on fuel and lubricating oils imported into the country before they are allowed to be sold starting in September, according to news group Eleven Myanmar. The Myanma Petroleum Products Enterprise will be in charge of the inspections. SK Lubricants and Spanish soccer team FC Barcelona agreed to a three-year regional partnership deal on Monday. The South Korean company becomes the team’s official lubricants partner and may use the team’s logo and images of players in promotional material across South Korea, China, Russia, Thailand and Vietnam.