News
IMO 2020 Brings Increased Base Oil Freight Costs
Compliance with the looming IMO 2020 will impact the cost of freight for African lubricant blenders, and some were advised to place orders for base oils before the International Maritime [...]
Hill Corp. Opened Base Oil Rerefinery
Hill Corp. recently finished building a used oil rerefinery and a small grease unit at its lubricant blending plant in Shymkent, in southern Kazakhstan. The company says these are the initial steps [...]
Hyundai Shell Expands Base Oil Plant
Hyundai Shell Base Oil., a joint venture between Hyundai Oil Bank and Shell announced last week that it is completing a 250,000 metric tons per day expansion at its API Group II base oil plant [...]
Russia to Raise Lube Export Duty by 2021
Russian authorities adopted a bill that will increase export tariffs for motor oils, fuels and other distillates by 4 percent in 2021. Legislators specified that the increase set for 2021 is fixed at 4 percent [...]
China’s PAO Base Expands
The coal-to-liquids base oil operations that Shanxi Lu’an Group is opening in Changzhi, China, this year include a plant with capacity to make 3,000 metric tons per year of low-viscosity [...]
IMO Changes to Impact Additives More Than Base
Group I and Group II base oils are likely to continue to be used as the main components of marine lubricants post-2020, when stricter International Maritime Organisation (IMO) rules on the sulphur [...]
SN Plus First Use Set for May 1st
The American Petroleum Institute advised yesterday that May 1 will be the first licensing date for API SN Plus, the supplemental classification for passenger car motor oils. In mid-March API staff [...]
ExxonMobil Plans More Base Oil Projects
ExxonMobil, the world’s largest base oil supplier, has made capital investments at several plants the past few years. Apparently it plans more of the same in coming years. Last week the company [...]
SK Stock Offer Back on Table
The off-and-on plan for an initial public offering for SK Lubricants is on once again, and this time the company’s parent wants to get it done quickly. In a Feb. 26 filing with the Korean Stock Exchange [...]
BASF Increases Prices on Base oil and Lubricants Globally
Ludwigshafen, Germany – November 27, 2017 – Effective December 1, 2017 or as existing contracts permit, BASF will increase prices globally across the portfolios of The price adjustments are [...]
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