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December 18, 2018

Volume 1 Issue 51

Waivers Give Reprieve to Iranian Base Oils

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Iran’s place in global API Group I base oil markets is proving surprisingly resilient despite last month’s snap-back of United States sanctions targeting the Islamic Republic’s oil sector. Exports continue because of Washington’s decision to grant import waivers to eight countries, allowing them time to seek alternative supply sources. read more

Tema to Expand Blending Plant

Ghana’s Tema Lube Oil Co. is progressing on a three-phase blending plant expansion project to double its lubricant production capacity from about 22,500 metric tons per year to 45,000 t/y, a company official told Lube Report. read more

EV Impact Could Rise After 2027

Electric vehicles will make a more noticeable impact on passenger car motor oil demand from 2027 onwards when sales come to depend on market forces – including shared mobility applications – and less on government incentives, an industry observer told ACI’s European Base Oils & Lubricants Interactive Summit in Florence, Italy. read more

Briefly Noted

The European Commission approved Quaker Chemical Corp.'s acquisition of Houghton International last week. The acquisition is conditional on the sale of Houghton's European lubricants businesses.  Oxea will increase prices in Europe effective Jan. 1 for heptanoic acid by 50€ (U.S. $56.75) per metric ton and isononanoic acid by 80€/t.