Shell to re-acquire Shell Lubricants Japan from Idemitsu Kosan

Photo courtesy of Shell Lubricants 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…

Chevron announces first 100% renewable base oil production

Photo courtesy of Chevron Chevron Products Company, a division of Chevron U.S.A. Inc., and Novvi LLC announced yesterday the first production of 100% renewable base oil from Novvi’s Deer Park, Houston, Texas, U.S.A., Facility. “As part of our aim to find more reliable, affordable and ever-cleaner solutions that scale, Chevron remains committed to our investment…

NLGI targets January 2021 for new High-Performance Multiuse grease specification

Photo courtesy of NLGI The National Lubricating Grease Institute or NLGI is on the verge of releasing a new high-performance multiuse (HPM) grease specification that will modernise the incumbent standard and provide broader utility. The new benchmark will include an HPM core specification that delivers higher performance than the existing GC-LB specification, as well as enhanced sub-categories for…

Marathon Petroleum to sell Speedway for USD21 billion

Photo courtesy of Marathon Petroleum Marathon Petroleum Corp. (NYSE: MPC) announced yesterday that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for USD21 billion in cash. The transaction is…

Saudi Aramco to reorganise downstream business

Photo courtesy of Saudi Aramco The Saudi Arabian Oil Company (Aramco) said it is reorganising its downstream business to support and enhance integration across the hydrocarbon value chain. Aramco’s downstream operating model will include four commercial business units: Fuels (includes Refining, Trading, Retail and Lubes); Chemicals; Power; and Pipelines, Distribution & Terminals. These business units…

Total and IOCL form bitumen derivatives joint venture in India

Indian Oil Corporation Ltd. (IOCL), India’s largest refiner and marketer of petroleum products, and Total, a broad energy company with headquarters in Paris, France, are forming a 50-50 joint venture (JV) company that will manufacture and market high-quality bitumen derivatives and specialty products for the growing road-building industry in India. Total is the leading bitumen…

Globally Harmonized System of Classification and Labelling of Chemicals (GHS)

Chemicals, through the different steps from their production to their handling, transport and use, are a real danger for human health and the environment. People of any ages, from children to elderly, using many different languages and alphabets, belonging to various social conditions, including illiterates, are daily confronted to dangerous products (chemicals, pesticides, etc.). To…