ExxonMobil will open a new hub terminal in Valencia, Spain in the first quarter of 2019, the company announced last week in a press release, part of an effort to expand the companys supply network.
German lubricant and grease maker Zeller & Gmelin is expanding its grease production and tank storage capacity to meet growing demand. The expansion work at its Eislingen production site should be complete by the end of 2019, the company confirmed to Lube Report on Monday.
Evonik announced yesterday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including three plants in Europe.
Indias Maximus International Ltd. said its United Arab Emirates-based unit plans to acquire a controlling stake in Pacific Lubricants LLC, a producer with a plant in the UAE.
Greif partnered with industrial packager Tholu B.V. to open a new multimillion euro intermediate bulk container factory in Ede, the Netherlands, to serve the Benelux region, the company announced early last week. The facility focuses on the needs of the food industry, including food-grade lubricant packaging.
Saudi Aramco and Sabic said they have chosen Yanbu, Saudi Arabia, as the site for a large chemicals refinery that will include a base oil plant. The crude oil to chemicals facility is scheduled to open in 2025.
Nouryon announced Aug. 27 that it will double capacity at its surfactants plant in Stenungsund, Sweden, through a 12-million expansion and upgrade scheduled for completion by 2021s first quarter. The expanded plant will produce corrosion inhibitors and surfactants for the lubricants market.
Royal Dutch Shell expects that annual earnings after tax for its global commercial business - most of which is accounted for by lubricants - will grow from $1.4 billion in 2017 to close to $2.5 billion in 2025, driven by factors such as growth in sales of premium lubricants and expanded market shares in several large, developing markets.
Russian industrial lubricants and grease marketer Titan built a new plant in Novocherkassk, introduced a new filling line and entered new markets, a company official said at an industry conference in Moscow last month.
Aztec Oils has completed several acquisitions the past few years and now is trying to continue growing with a 1.2 million (U.S. $1.6 million) development project to increase storage capacity at its main Bolsover site in central England.
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