The FUCHS Group, which operates globally in the lubricants sector, is acquiring the business of ZIMMARK INC. The Burlington, Ontario, Canada based company is a service company offering value added services in the lubricants and Chemicals Process Management (CPM) space. With this acquisition the FUCHS Group expands its service portfolio in the industrial lubricant market…
DetailsPhoto courtesy of Brenntag Brenntag (ISIN DE000A1DAHH0), the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Oils ‘R Us Co., Ltd. headquartered in Thailand. Oils ‘R Us was established in 2006 as a trade marketing and distribution services for ExxonMobil lubricants. The company has a diversified customer base as it distributes…
DetailsPhoto courtesy of Euglena Chevron Lummus Global (CLG) and Applied Research Associates, Inc. (ARA) announced the successful startup of Euglena Co., Ltd.’s integrated Biofuels Isoconversion unit in Yokohama, Japan. CLG is a joint venture between Chevron and Lummus Technology. The 5 barrel per day (BPD), first-of-its-kind demonstration unit, employs the Biofuels Isoconversion technology, jointly developed by CLG…
DetailsCastrol India Limited, India’s leading automotive lubricants company, announced that Castrol lubricants will now be available at Jio-BP retail outlets across India. This new channel offers Castrol enhanced visibility and reach for its products and solutions. Castrol lubricants will be supplied to the joint venture’s fuel retailing network of 1,400 sites, which is expected to…
DetailsDriven by support from various governments, wind energy has grown rapidly since 2000. As a result, global lubricant demand in the wind energy industry has increased in line with the growth in total installed wind energy capacity. From 2008 to 2019, the global wind energy installed capacity grew at a CAGR of 16.6%, and lubricant…
DetailsBP and Reliance Industries Limited (RIL) announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019, BP and RIL teams have worked closely over the past few months in a challenging environment to complete the transaction as planned. BP has paid RIL USD1 billion for…
DetailsEfforts by the Trump administration to roll back the U.S. fuel economy standards set by the previous administration were confirmed with the release of the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule on 31 March 2020. The new regulation revises the standard that applies to passenger cars, pickup trucks and SUVs and will affect vehicles starting…
DetailsBrenntag , the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Oils ‘R Us Co., Ltd. headquartered in Thailand. Oils ‘R Us was established in 2006 as a trade marketing and distribution services for ExxonMobil lubricants. The company has a diversified customer base as it distributes a wide range of…
DetailsACEA, the trade group representing 16 major Europe-based car, van, truck and bus makers, has requested the European Commission for a six-month postponement of new Euro 6 standards due to significant build-up of inventory stocks resulting from the Covid-19 shutdown. European emission standards define the acceptable limits for exhaust emissions of new vehicles sold in…
DetailsChevron Products Company, a division of Chevron U.S.A. Inc., has signed a base oil distribution agreement with YPF S.A. (YPF), a vertically integrated Argentine energy company headquartered in Buenos Aires, Argentina. YPF, which has been well established in Argentina since 1922, has an intimate understanding of the challenges and opportunities in the market. YPF will…
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