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July 23, 2019

Volume 2 Issue 30

Online Oil Sales Lack Traction in Russia

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Inflation and declining consumer incomes would typically encourage online purchases of lubricants, where prices are normally cheaper. But a recent study found that online transactions still account for just 5 percent of lube sales in Russia, which is afflicted by those maladies. read more

Croda Acquires Rewitec

Croda International Plc announced last week the acquisition of Rewitec GmbH, stating it aims to help the German additive supplier to expand. The companies did not disclose the price of the transaction. read more

Briefly Noted

Perstorp announced yesterday its German site in Bruchhausen produced and sold in May for the first time its Voxtar renewable pentaerythritol, introduced in 2010 as the first renewable penta. The polyol can be used as a chemical building block in aviation turbine oils, transformer oils and refrigeration lubricants. Oil Libya Africa Energy, which markets lubricants and fuels from Morocco to Kenya, has changed its name to Ola Energy.