India Lubricants News

Related Lubricants and Fuel Additives Industry News

The recent developments about the major players in the market are covered in the complete study.

• September 2022: Bozzler Energy Pvt Ltd announced that the company would be showcasing its new designs of Thermic Fluid Heaters at the Boiler India 2022 exhibition organized by Orangebeak Technologies, which was to be held at CIDCO Exhibition Centre, Navi Mumbai. The new designs are expected to be highly suitable for environmental health and eco-friendly.
• July 2022: Eastman Chemical Company announced its plans to increase its Therminol 66 heat transfer fluid manufacturing capacity in Anniston, Alabama, USA. It ensures that the company will meet customers' needs worldwide for years. The plant expansion is expected to be completed in 2024 and will increase United States-based capacity by 50%.

• September 2022: Bozzler Energy Pvt Ltd announced that the company would be showcasing its new designs of Thermic Fluid Heaters at the Boiler India 2022 exhibition organized by Orangebeak Technologies, which was to be held at CIDCO Exhibition Centre, Navi Mumbai. The new designs are expected to be highly suitable for environmental health and eco-friendly.
• August 2022: Shell lubricants announced that the company will launch Electric Vehicle battery coolants (heat transfer fluids) in India, after being attracted by the country's electric vehicle play. As stated, the company will initially import electric vehicle thermic fluids, but manufacture the product locally later in the country.

• February 2023: Univar Solutions and Milliken signed an agreement to automate the liquid dyes market in North America for lubricants and metal working fluids.
• December 2022: SKF and Castrol collaborated to provide access to industrial lubricant recycling. The collaboration entails providing 'oil as a service' by combining the SKF RecondOil solution with Castrol's metal working lubricants.

• December 2022: Shell acquired Allied Reliability, a provider of industrial products and services, to further expand its North American Lubricants Business.
• November 2022: ENEOS Motor Oil company launched a complete line-up of lubricants for cars and motorcycles to enhance its presence in the Philippines market.

• June 2022: ExxonMobil plans to upgrade its residual production into higher-value lubricant base stocks and cleaner fuels as part of its Singapore Resid Upgrade Project. The oil major is expected to add about 20,000 barrels per day of light, heavy, and extra-heavy lubricant base stocks when it completes upgrades at its Singapore integrated refining and petrochemical complex in 2025.
• March 2022: Motul expanded its presence all around the globe. The company launched a new, state-of-the-art Motul regional warehouse in Singapore, the Motul Asia Hub. The 700,000 sq ft facility support and enhances Motul's supply chain across the Asia-Pacific region by consolidating warehousing and inventory operations.

• April 2022: Fuchs Petrolub SE, a joint venture in Vietnam, purchased land to build a finished lubricant factory in the country. The company bought a 20,000-square-meter plot and planned to invest EUR 8 million (USD 8.6 million) to build the plant. The facility will make lubes for the automotive aftermarket, mining, and industrial segments. Under the industrial lubricant section, the company offers refrigeration lubricants.
• October 2021: Chevron Corporation acquired the base oil business of Neste OJ to strengthen the company's market foothold across the world.

• May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
• January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.
• November 2021: FUCHS Group has introduced innovative compact packs for the automobile industry, optimizing consumer benefits such as improved labels for better orientation, ergonomic design for easier handling, and being resource-friendly through the use of recycled material.

• January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
• October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
• March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.

• March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
• January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
• January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.