August 10, 2020
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 (USD2.9 million). The date of […]
Innospec Inc. (NASDAQ: IOSP) said it has expanded production capacity for its proprietary Drag Reducing Agents (DRA) technology at its plant in Pleasanton, Texas, U.S.A. Drag reducing agents have multiple benefits to pipeline operators. They not only improve the pipeline throughput, but they also reduce the pumping energy required, reduce stress and even increase the […]
Hanwha Group fails to bag stake in Sasol’s Lake Charles Chemical Project South Korea’s Hanwha Group has lost its bid to acquire a 50% stake in South African chemical company Sasol’s ethane cracker project in Lake Charles, Louisiana, U.S.A., local Korean media reported. The South Korean conglomerate reportedly offered more than USD3 billion, which was […]
It is less than a year until the XXXII Olympiad is scheduled to kick off in Tokyo, Japan, following a year-long delay due to Covid-19. As is customary, the lead up to the games includes the Olympic torch relay, which formally ends when the Olympic cauldron is set alight inside the stadium. In Tokyo, the […]
Efforts to contain the spread of Covid-19 have had mixed success and the threat of a new wave of contagion will remain until a vaccine can prevent infection and transmission. Scientists are racing to produce a successful inoculation with more than 160 vaccine efforts in progress worldwide, according to the World Health Organization. Several vaccines […]
Castrol has launched a new a pre-oil change treatment product, Castrol Engine Shampoo, which helps maintain the efficient operation of gasoline and light diesel engines. It reduces harmful sludge deposits by up to 85%* in gasoline engines, as shown by tests at the Castrol Technology Centre, the company said. Engine sludge builds up over time […]
It might be a matter of when, not if, New Zealand (NZ) loses its only oil refinery as Refinery NZ, the company that operates the Marsden Point facility, contends with historically low margins. In a triple blow, the company is facing increasing pressure from mega refineries in China, South Korea, Singapore and India that offer […]
Despite a highly competitive market and relatively flat demand growth, 2019 was a good year for lubricant manufacturers in the United States. During a virtual “Town Hall” meeting organised by the Independent Lubricant Manufacturers Association (ILMA) on 3 July 2020, Greg Julian, president of Advanced Lubrication Specialties, based in Bensalem, Pennsylvania, U.S.A., described 2019 as […]
