ExxonMobil, the world’s largest base oil supplier, has made capital investments at several plants the past few years. Apparently it plans more of the same in coming years.
LNG Publishing Company
Tim Sullivan is managing editor of Lube Report Asia, responsible for developing and managing the content and production of the company’s latest publication. He joined LNG in 2000 as an assistant editor and subsequently helped launch Lube Report and Lubes’n’Greases Europe-Middle East-Africa.
Before joining LNG, Sullivan was a reporter with the Northern Virginia Daily newspaper in Strasburg, Va., responsible for business and regional news coverage. He holds a BA degree from Hope College in Holland, Mich.
A new industry association, the Asian Lubricant Manufacturers Union, held the inaugural meeting of its general membership Tuesday.
Italmatch Chemicals completed its latest acquisition last week, announcing that it closed its purchase of Jiayou Chemical from Ecolab Inc.
The off-and-on plan for an initial public offering for SK Lubricants is on once again, and this time the company’s parent wants to get it done quickly.
The global lubricant industry’s consumption of esters is faster than the overall industry. One market that can slake this almost unquenchable thirst is one of the world’s biggest production centers – Italy.
Luberef announced last week that it has completed a long-awaited upgrade and expansion of its base oil plant in Yanbu, Saudi Arabia, and that API Group II stocks are now being shipped from the facility.
South Africa’s Competition Commission has endorsed Sinopec’s bid to acquire a controlling stake in Chevron’s downstream operations in the country, the latest step in a back-and-forth competition for the business.
Azerbaijan would not have been a place where British lubricant marketer Millers Oils thought to build its second blending plant, company managing director Jamie Ryan acknowledges. But that didn’t matter because Azerbaijan’s Academy of Sciences found Millers and convinced the company that the two were a good match.
China’s market was flat, while India’s grew at a healthy clip. Asian base oil refiners encountered competition from the Middle East. One of two big mergers planned in Japan was not completed, and Southeast Asia made uneven progress toward the elimination of trade barriers on lubricants.
German lubricant marketer Liqui Moly announced last week that it had been acquired by Adolf Wuerth GmbH & Co. in a deal intended to ensure stability for Liqui Moly’s future.
Rising performance demands will force heavy-duty engine oil formulations to shift from API Group II to Group III base stocks and eventually to Group IV and V, a Volvo official told an industry conference recently in Italy.
The Technical Association of the European Lubricants Industry is expanding its program of monitoring engine oils certified as meeting ACEA specifications to include areas outside Europe, the association’s president told a conference here two weeks ago.
The Union of the European Lubricant Industry last week presented its first of what will become annual reports on lubricant demand in the European Union. Officials said it will fill an informational void in Europe and become a valuable resource for the industry in that region.
Flint Hills Resources will cease marketing of base stocks produced at its Excel Paralubes joint venture, leaving partner Phillips 66 to market all of the output from the Westlake, Louisiana, plant, Phillips 66 told Lube Report yesterday.
China’s central government is working to set deadlines to prohibit the sale of cars and vans that run on fossil fuels, an official told an automobile forum Saturday.