Photo courtesy of Adnoc The global general industrial oils (GIOs) and lubricating grease market was growing slowly at a 0.2% CAGR (compound annual growth rate) from 2014 to 2019. But with the arrival of the Covid-19 pandemic, the market has been driven from low to negative growth, with some industries not likely to fully recover…
Photo courtesy of Total Total Lubricants in the UK, which is celebrating the 50th anniversary of its lubricant blending plant this month in Ferrybridge, West Yorkshire, unveiled expansion plans for the site. The expansion, which is due to begin next year, will include developing the use of renewable energies and modernising the plant’s manufacturing process…
Photo courtesy of Total Total Adani Fuels Marketing Pvt Ltd, a joint venture between French energy company Total SA and Adani Gas Ltd., said it plans to apply for a fuel retail licence soon under India’s new liberal fuel retailing rules. The joint venture plans to build a retail network of 1,500 within 10 years, with a…
Photo courtesy of Shell Lubricants Idemitsu Kosan Co., Ltd. announced yesterday that it has entered into a share purchase agreement with Shell Overseas Holdings Limited for all shares of Shell Lubricants Japan K.K. (SLJ), a wholly-owned subsidiary of the company. Terms of the deal were not disclosed. Shell Lubricants Japan’s capitalization was stated as JPY310,000,000…
Photo courtesy of Chevron Chevron Products Company, a division of Chevron U.S.A. Inc., and Novvi LLC announced yesterday the first production of 100% renewable base oil from Novvi’s Deer Park, Houston, Texas, U.S.A., Facility. “As part of our aim to find more reliable, affordable and ever-cleaner solutions that scale, Chevron remains committed to our investment…
Photo courtesy of Ducati Shell and Ducati announced the three-year renewal of their engine oil first fill agreement for all Ducati motorcycles produced at its factories in Bologna, Italy, and Rayong, Thailand. In addition, Ducati is extending to Germany, France and UK its aftermarket agreement with Shell for the exclusive Shell Advance Ducati engine oil,…
Photo courtesy of NLGI The National Lubricating Grease Institute or NLGI is on the verge of releasing a new high-performance multiuse (HPM) grease specification that will modernise the incumbent standard and provide broader utility. The new benchmark will include an HPM core specification that delivers higher performance than the existing GC-LB specification, as well as enhanced sub-categories for…
Photo courtesy of Marathon Petroleum Marathon Petroleum Corp. (NYSE: MPC) announced yesterday that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for USD21 billion in cash. The transaction is…
Photo courtesy of Saudi Aramco The Saudi Arabian Oil Company (Aramco) said it is reorganising its downstream business to support and enhance integration across the hydrocarbon value chain. Aramco’s downstream operating model will include four commercial business units: Fuels (includes Refining, Trading, Retail and Lubes); Chemicals; Power; and Pipelines, Distribution & Terminals. These business units…
Photo courtesy of Caltex Following a successful launch in China earlier this year, Caltex Lubricants announced the launch of the VARTECH Industrial System Cleaner (ISC) in Asia Pacific for its power generation, oil & gas and manufacturing industry customers. Targeting varnish, a common pain point of industrial enterprises with detrimental effects, the unique deposit cleaning…