Cambodia has announced that it is reducing tariffs on certain lubricant products effective January 1, 2021. The special tariff rate on 16 tariff lines of “lubricants used in the textile, dishwasher and bicycle sectors” will be reduced from 10% to zero, while eight tariff lines of “lubricants involved in production” will see the rate reduced…
Photo courtesy of Martin Midstream Partners Martin Midstream Partners L.P. announced the sale of certain assets used in connection with the Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor, LLC for USD22.4 million. “The announcement today reflects our continued emphasis on debt reduction through the sale of non-core assets allowing MMLP to…
Photo of Deputy Secretary Mark W. Menezes courtesy of U.S. Department of Energy The U.S. Department of Energy’s (DOE) Office of Fossil Energy has issued a report to the U.S. Congress, including recommendations for increasing the beneficial reuse of used oils and lubricants. Beneficial reuse includes turning waste lubricants like used motor oil into more…
Photo courtesy of Shell A Shell spokesperson confirmed that Shell will cease operations at its Group I base oil manufacturing plant within the Pulau Bukom manufacturing site in Singapore from July 2022. “This decision is consistent with Shell’s intent to enhance the competitiveness of its lubricants business, base oils supply demand balance and the general…
Photo courtesy of LUKOIL Russian oil company LUKOIL says it is now the main lubricant supplier for MAN’s engine plant in Nuremberg, Germany. MAN Truck & Bus has production facilities in three European countries (Germany, Austria, and Poland), Russia, South Africa and Turkey. The MAN Group, based in Munich, Germany, is one of Europe’s leading players in…
Photo courtesy of Kawasaki Motors India Idemitsu Lube India Pvt Ltd., a subsidiary of Idemitsu Kosan Co. (Japan), has announced its partnership with Kawasaki Motors to manufacture its indigenously researched and tested Kawasaki Genuine Oil for all Kawasaki motorcycles in India. “It is a great opportunity for two-renowned Japanese brands to join hands and showcase…
Photo courtesy of IOCL Indian Oil Corporation, India’s largest public sector oil company, inaugurated a new lube blending plant in Kolkata on December 19, 2020. This new plant is a significant step towards making India self-reliant in its lubricants requirement, the company said. Present at the inauguration was India’s Minister of Petroleum & Natural Gas…
Photo courtesy of Chevron Oronite Chevron Oronite said it remains on track to begin commercial production at its Ningbo, China additives manufacturing plant in 2021, as originally scheduled, despite the Covid-19 pandemic which resulted in lockdowns in China earlier this year. Australia’s WorleyParsons was awarded the engineering, procurement and construction (EPC) contract for the China Manufacturing Plant Project…
Photo courtesy of Shell Lubricants Nayara Energy, formerly known as Essar Oil, announced a strategic partnership with Shell Lubricants, which will allow it to offer Shell Lubricants’ products at Nayara and Essar fuel stations. Nayara Energy, the fastest growing pan-India private fuel retail network, operates an extensive network of more than 5,900 fuel stations across…
Photo courtesy of BASF BASF has launched a multi-purpose diesel fuel additive, KEROPUR ® D, in South Korea. The product is now available for purchase through Coupang, a South Korean e-commerce company. Keroper D, which is already sold in Europe through the online market, is scheduled to enter the offline market following its launch in…