The world’s focus is shifting to environmentally friendly renewable energy sources. The International Energy Agency (IEA) predicts renewable power capacity will expand by 50% between 2019 and 2024, total growth of 1,200 gigawatts (GW). Renewable energy currently accounts for 26% of the world’s energy. IEA expects this share to surpass 30% in the next five…
British energy major BP announced plans to set up a major new centre for its global business services (GBS) operations in Pune, India. The BP-owned and operated centre, which will provide business processing and advanced analytics capabilities in support of BP businesses worldwide, is expected to begin operations by January 2021. When fully operational, it…
The uncertainty created by the ongoing global pandemic has unfortunately had a significant detrimental impact on the conduct of business and people exchange. InterLubric China is dedicated to providing the best possible experience to everyone participating in the show, and as such we will do everything in our power to protect and preserve exhibitors’ business interests. It is therefore with deep regret that we have…
In December 2019, the American Petroleum Institute’s (API) Lubricant Standards Group (LSG) met to evaluate the recent ballot on API 1509 Annex E. 1.2. The LSG convened in New Orleans, Louisiana, U.S.A., including members of the committee, representatives and interested visitors. API 1509 describes the voluntary API Engine Oil Licensing and Certification System (EOLCS)…
Lubricant consumption in South Korea, the eighth-largest lubricant market in the world, fell to a 10-year low of 889,600 tons in 2019, according to the Korea Lubricants Industry Association. Over the past 20 years, South Korea’s lubricants consumption has remained at nearly 1 million litres per year. Volume sales of automotive lubricants declined by 0.6%…
The global base oils landscape will become increasingly competitive with a shift to Groups II and III while supply will outpace demand, the vice president at ICIS Consulting said on Thursday. Stefano Zehnder said Groups II and III capacity expansions to 2025 will be 50% greater than demand growth, according to ICIS projections. Meanwhile, Group…
South Korea lubricant consumption fell to a 10-year low of 990,455 kiloliters (889,627 metric tons) in 2019, the Korea Lubricating Oil Industries Association said in a report last week. Last year’s total represented a 4.6 percent decrease from 1.04 million kiloliters in 2018, and the country’s lowest level of lube consumption since 2009, when the…
Shanghai, March 8, 2020 / PR Newswire / The 21st China International Lubricants and Applications Technology Exhibition (Interlubric China) will be held at Shanghai’s Hongqiao National Exhibition and Convention Center from June 10-12, 2020. The novel coronavirus (2019-nCoV) outbreak in early 2020 has seriously disrupted China’s domestic production and business activities. However, with the continuing prevention…
Infineum, a global leader of fuel and lubricant additives, held a ceremony with the Zhangjiagang Free Trade Zone on 8 January 2020 to mark the signing of the letter of intent to begin its integrated manufacturing base phase II project in Zhangjiagang, Jiangsu province. Infineum Zhangjiagang plant first began production in March 2016, as the…
Conference background With the opening up of China in recent years and the successful convening of the China International Import Expo 2018, more and more imported lubricant brands are attracted to enter the Chinese market. These imported lubricant brands have different brand awareness and market share in the domestic market due to the different time…