Global electric vehicle sales are growing rapidly from a small base but are concentrated to date in a handful of countries, including Scandinavia, Germany, France and the United Kingdom, according to a new report from Lubes’n’Greases about EVs and their impact on lube markets.
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.
Livent, the former lithium business of chemical company FMC, raised $340 million this month in its initial public stock offering. The company’s growth plan is focused on catering to electric vehicles as the portion of lithium hydroxide destined for lubricating greases dwindles.
Crude oil prices are more likely to maintain recent gains or continue rising than they are to decrease, an analyst told a lubricants conference yesterday in Palm Desert, California, citing looming United States sanctions against Iran’s oil petroleum industry and an already tight demand-supply balance.
In a move intended to provide access to automobile maintenance providers, Yip’s Chemical Holdings announced Tuesday that it bought a minority stake in Damai, a start-up Chinese developer of maintenance shops.
The lubricant arm of Russian oil giant Lukoil amped up its entry into China last year by catering to an economic project that is extending westward out of China.
U.S. base oil refiners worked in high gear during the first half of 2018, producing nearly 34 million barrels of base stocks – the highest total in at least a quarter century, according to data released Friday by the U.S. Energy Information Administration. Observers said that output is helping to saturate the market.
Global capacities for API Group III base oils, polyalphaolefins and polysobutenes have all increased significantly in the past decade. Lubes'n'Greases’ newly published 2018 Nonconventional Base Stock Guide provides data on sources for those and four other key types of synthetic base stocks.
The coal-to-liquids base oil operations that Shanxi Lu’an Group is opening in Changzhi, China, this year includes a plant with capacity to make 3,000 metric tons per year of low-viscosity polyalphaolefins, adding to China’s blossoming supply of PAO.
The European Union is working on a revision of its Ecolabel standard for lubricants. Regulators say the proposed changes will strengthen protections for the environment while also encouraging the development of more environmentally benign products.
HollyFrontier Corp. announced yesterday a deal to buy Red Giant Oil Co., an Iowa company that claims to be one of the country’s largest suppliers of locomotive engine oils.
Fuchs Petrolub SE agreed last week to buy a majority stake in a Chilean lubricant distributorship, forming a joint venture that aims to expand its sales in the South American country.
Profits at Gulf Oil Lubricants India Ltd. have more than doubled in the past three years, thanks in part to the development of a broad, multi-tiered sales network, officials said in an investors presentation last month.
Bain Capital Private Equity announced an agreement last week to buy Italmatch Chemicals S.p.A., a lubricant additive supplier that has been on its own acquisition tear.
The EU’s Ecolabel standard for lubricants is being updated. While it has raised some concerns among those in the lubricants industry, its aim to protect the environment is on course.
Lubricating grease production in Europe increased 8 percent in 2017, according to the National Lubricating Grease Institute’s annual production survey, which was released last week. Production in Europe shifted toward products made with calcium soap thickeners and polyurea greases, while output in Africa also shifted toward calcium soaps.