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September 18, 2018

Volume 1 Issue 38

Group I: Resilient in Middle East?

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API Group I production will survive in the Middle East despite rising output of more highly refined base stocks, thanks to demand from within the region as well as Asia and Africa, an industry insider said at a conference in Mumbai last month. read more

Cosan’s Moove Buys European Distributors

Moove, the lubricant and base oil arm of Brazil-based energy multinational Cosan, announced the recent acquisition of two lubricant distributors in Europe – Lubrigrupo in Portugal and TTA Lubrifiants in France. read more

Local Firm Gets Nod for Chevron Sale

The South African Competition Tribunal last Thursday conditionally approved a Glencore-backed consortium’s proposed acquisition of a controlling stake of Chevron’s downstream operations in the country, which industry observers said would be a landmark deal for the domestic lubricants market. read more

Briefly Noted

Oxea will increase list and off-list prices in Europe effective Oct. 1 on carboxylic acids 2-ethylhexanoic acid by €100 (U.S. $117) per metric ton and isononanoic acid by €50/t; and on industrial polyols NPG by €110/t and TMP by €110/t.  Fuchs Petrolub purchased two properties in Mannheim, Germany last week with plans to build a new office building and logistics center with an automated warehouse for raw materials on the sites.  Klueber Lubrication and Wilhelmsen Ships Service signed a distribution partnership for Wilhelmsen to distribute Klueber’s lubricant products.