Groupe PSA (Paris:UG) and Punch Powertrain have signed an agreement to establish a second joint venture and expand their strategic partnership in the field of electrification. Punch Powertrain holds majority control (61%) in the new joint venture, which will design, manufacture, and supply Punch Powertrain’s breakthrough DT22 dual clutch transmission for the industry’s next generation […]

Bonnie Tully has been named president of Evonik Corporation, effective June 1. As president of Evonik Corporation, Tully is responsible for the North America region, which recorded sales of EUR3 billion (USD3.3 billion) in fiscal 2019. Tully replaces John Rolando, who is retiring after 33 years with Evonik and its predecessor companies. Prior to becoming […]

BP Southern Africa has appointed Taelo Mojapelo as its new CEO, replacing Priscillah Mabelane, who is joining Sasol as executive vice president of its energy business. Mojapelo took up her position on June 1. She joined the company in April as head of commercial optimisation and supply for Southern Africa, from Mondelez. Mojapelo has previously […]

Two months after taking office as the new CEO at Audi AG, Markus Duesmann is setting up a unit for the accelerated development of additional automobile models. The head of the “Artemis” high-tech project will be Alex Hitzinger, a successful motorsport chief engineer and currently in charge of autonomous driving in the Group. He will […]

Ergon announced the latest addition to its HyVolt insulating oils portfolio — HyVolt C50A — an arctic-grade transformer oil created to withstand extreme cold weather conditions.  Designed for customers who require oxidation stability, high dielectric strength, and excellent cooling properties at ambient operating conditions below minus 25 degrees Celsius, HyVolt C50A meets the stringent requirements […]

U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, grew 26% in 2019 to more than 27,000 barrels per day (b/d), reversing three years of decline. Imports of biomass-based diesel increased in 2019 because of the increase in renewable diesel imports from Singapore, according to a recent report from the U.S. Energy Information […]

Canada’s leading integrated energy company Suncor Energy Inc. (SU) and Japan’s Mitsui & Co., (8031: JP), one of the largest global trading and investment companies, are investing USD15 million and USD10 million, respectively, to establish LanzaJet, a new company that will produce sustainable aviation fuel (SAF). Jimmy Samartzis, currently a director on the Board for […]

Phoenix Petroleum Philippines, Inc. (PNX), announced the appointment of Henry Albert (Bong) Fadullon, currently chief operating officer, as the company’s new president effective July 1, 2020.  Fadullon succeeds Phoenix Petroleum Founder and former Chief Executive Officer Dennis Uy, who will now take on the role of chairman of the Board of Directors and chief strategy […]

Russia’s PJSC Lukoil announced that its lubricants blending plant in the Republic of Kazakhstan has delivered its first shipment of industrial lubricants, as well as automotive lubricants for passenger cars and commercial vehicles, to the Chinese market. The volume of the first delivery was more than 200 tons. Kazakhstan shares borders with Russia, China, Kyrgyzstan, […]

PT Pertamina (Persero) announced that it will proceed with upgrading the Cilacap Refinery in central Java, Indonesia, but without its original joint venture partner Saudi Aramco. The refinery’s capacity of 348 thousand barrels per day (bpd) will be raised to 370 thousand bpd. In addition, gasoline production will be increased from 59 thousand bpd to […]