The Middle East has become a prominent producer and net exporter of API Group II and Group III base oil, using its glut of over 2 million tons of material to cater to demand in India, North America and Western Europe, an industry insider said at a conference in Moscow. read more
November 27, 2018
Volume 1 Issue 48
When most multinationals began moving out of Kenya, it opened the door to an influx of new lubricant market players, a Kenyan lubricants distributor official told Lube Report on the sidelines of a conference in Cape Town, South Africa last month. read more
Although internal combustion engines are expected to remain dominant in Russia – where a preference for larger cars and lack of government subsidies hinder the growth of electric vehicles and hybrids – the country’s lubricant manufacturers seek opportunities abroad as they assess the shift towards EVs and hybrids elsewhere, industry insiders said. read more
BASF will reorganize from four to six business segments beginning Jan. 1, 2019. The segments will be Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. Members of the European Parliament voted to adopt a 35 percent reduced emissions target for trucks in an effort to reduce the European Union's greenhouse gas emissions by 2030.