Battery-powered vehicles have fewer grease applications than internal combustion engine vehicles, but EV components and changes in driving habits could still make opportunities for grease suppliers, an official with a German market research firm told an industry conference last week. read more
June 25, 2019
Volume 2 Issue 26
Nynas’ naphthenic business segment, which primarily supplies base oils, reported 328 million Swedish krona (U.S. $35 million) in earnings before interest, taxes, depreciation, and amortization for full year 2018, down more than 59 percent from SEK 807 million for 2017. U.S. sanctions against one of its parent companies, Petroleos de Venezuela, took a heavy toll, according to the annual report that Nynas filed last week. read more
Advanced lubricants will have contributed up to 4.1 percent of the reduction in carbon dioxide emissions from transport in the European Union between 2005 and 2020, according to a new study commissioned by ATIEL, the technical association representing manufacturers and marketers in the European lubricants industry reported. read more
Industrial remote monitoring company Anova acquired Coimbra, Portugal-based ISA, a developer of remote tank monitoring solutions for lubricants, among other things. Hindustan Petroleum Corp., through its subsidiary HPCL Middle East, appointed Al Nabooda Automobiles as its lubricants distributor for the United Arab Emirates.