July 13, 2018
Volume 5 Issue 28
The proposed merger of Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu KK is back on again – scheduled this time for April 1, 2019, the companies announced Tuesday. The long-delayed deal would create Japan’s second-largest lubricant supplier. read more
The introduction of the China 6 emission standard in 2020 is expected to push lubricant formulations to cater to a diverse range of engines, industry experts said at a conference in Singapore recently. read more
Profits at Gulf Oil Lubricants India Ltd. have more than doubled in the past three years, thanks in part to the development of a broad, multi-tiered sales network, officials said in an investors presentation last month. read more
Mixed Outlook for Base Oil in Europe
Lubes manufacturer MJL Bangladesh Ltd. said in a stock exchange filing it approved purchase of 1.47 acres of land in Bangladesh at South Patenga, Chattogram – adjacent to an existing warehouse – for 1700 lakh Bangladeshi taka (Tk17 million or U.S. $202,000) for its future expansion. BASF is investigating establishment of an integrated Verbund chemical production site in the South Chinese province of Guangdong, with potential investment of up to $10 billion until around 2030, and startup of first plants in 2026 at the latest. According to a company presentation, the site’s preliminary intended scope would include products such as polyols, amines, intermediates and surfactants, and a pre-feasibility study is the next step.
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