Lubricants News

Related Lubricants and Fuel Additives Industry News

• 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: Chevron Lubricants Lanka PLC, a subsidiary of Chevron Corporation, announced a marketing deal with Rock Energy in Bangladesh for its lubricant products.

• January 2023: FUCHS launched TITAN GT1 PRO GLV-1 SAE 0W-8 engine oil with ultra-low viscosity grade for hybrid electric vehicles.
• August 2022: Gulf Oil Middle East announced the restructuring of its global lubricants product portfolio. The new product range is based on the company's breakthrough ThermoShield and Wear-Guard technologies, delivering the required performance and protection for modern cars in current driving conditions.

• January 2023: McLaren Automotive, a luxury supercar company, announced the renewal of its partnership with Gulf Oil International as its official lubricant and fuel partner for 2023.
• June 2022: Shell introduced a used oil management service as part of a new attempt to organize India's waste oil disposal infrastructure and enhance re-refining rates. In order to start collecting and re-refining used oil across India, Shell partnered with used oil refiners. These partners share the objective of advancing the lubricants industry's circular economy.

• September 2022: Indian Oil Corporation Limited (IOCL) granted an engineering, procurement, and construction contract to ThyssenKrupp Industrial Solutions India Private Ltd. for USD 75 million with a capacity of 270 kilotons per annum (KTPA) Catalytic Dewaxing Unit (CDWU) used for the production of lube base oils at its refinery located in Gujarat, India.
• April 2022: Chevron Global Energy Inc., a subsidiary of Chevron Corporation, acquired the NEXBASE brand of Neste Corporation. This acquisition will strengthen the company's position as a leading supplier of base oils worldwide.

• December 2022: Royal Dutch Shell plc acquired a 49% stake in Blue Tide Environmental LLC via its Pennzoil-Quaker State subsidiary. Blue Tide Environmental LLC is a company looking to establish a global network of lubricant recycling facilities.
• October 2021: Chevron Global Energy Inc., a wholly-owned subsidiary of the US-headed Chevron Corporation, signed an agreement with Neste Oyj to acquire its Nexbase brand. The agreement covered a combination of share and asset deals forming Neste's entire global base oils business, its premium brand, Nexbase, all the formulation coverage associated with the brand, and a worldwide marketing and distribution platform. The parties also agreed on a long-term offtake for Neste's base oil supply from Porvoo, Finland.

• July 2022: Shell Pakistan appointed Burque Corporation to expand its lubricants distribution in Quetta. With the collaboration, Shell Pakistan covers 6,000 more villages and 40,000 additional outlets across Pakistan.
• March 2022: Chevron Pakistan Lubricants (Private) Limited signed an agreement with MG JW Automobile Pakistan (Private) Limited to supply its synthetic lubricants. The company will provide its Delo and Havoline branded products for commercial, industrial, marine, and passenger vehicle applications.

• In March 2022: Axel Christiernsson International AB launched AXELLENCE 752 EPEF, an environmentally acceptable lubricant that received EU Ecolabel approval for accidental and partial loss applications. This is the first lithium complex grease to attain such certification.
• In June 2021: Fuchs Group acquired the lubricants business of Gleitmo Technik AB, Sweden. The acquisition will result in the integration of Gleitmo as the subsidiary of Fuchs, with the new name Fuchs Lubricants Sweden AB.
• In February 2021: Fuchs Group acquired a 70% stake in the lubricant business of STD & S Co. Ltd, a distributor based in Vietnam, helping Fuchs offer its customers industrial, automotive, mining, and specialty lubricants from a single source.

• April 2022: Indorama Ventures Public Company Limited (IVL) announced the completion of the acquisition of Oxiteno SA. Through the acquisition, IVL broadens its development profile into lucrative markets in Latin America and the United States, establishing itself as the continent's top producer of surfactants with additional opportunities to improve in Europe and Asia.

• January 2022: Chevron Lubricants Lanka PLC, a subsidiary of Chevron Corporation, announced a marketing deal with Rock Energy in Bangladesh for its lubricant products.
• December 2021: The joint venture agreement between Castrol, BP, and Vietnam National Petroleum Group (Petrolimex) was extended for another 20 years, from 2022 to 2042. Castrol BP Petco Co. Ltd is the name of the joint venture company.
• November 2021: Bharat Petroleum Corporation Limited, Indian Oil, and Hindustan Petroleum Corporation Limited announced the commencement of the Model Retail Outlet Scheme and the Darpan-Petrol Pump Digital Customer Feedback Program. Three oil PSUs collaborated to develop model retail outlets to improve service standards and facilities throughout their networks, which serve over six crore consumers daily.

• September 2022: Maximus Group planned to acquire a 49% stake in Kenya-based Quantum Lubricants. Earlier, in 2019, MXAL had acquired a 51 percent equity stake in QLL which paved its entry into lubricant manufacturing in the African markets. With the ongoing acquisition of 49%, MXAL will take control of QLL's entire operations.
• July 2022: Maximus International Limited (MIL) announced INR 25 crore expansion plan for East African operations in the next two to three years. This plan is designed to augment its manufacturing capacity.