Engine oils in Asia tend
to lag behind oils from Europe and the Americas in their ability to
prevent deposits around piston ring belts, while Asian and European
oils lag those from the Americas in terms of fuel efficiency.
Having the world's largest
automobile market as their home creates opportunities for Chinese car
and truck makers. But they also face big challenges, according to one
observer, who says domestic independents need to reduce air emissions
and improve their global business structures.
India recently announced a
new schedule of mandates to raise the fuel efficiency of passenger cars
over the next eight years. Observers say the rules will compel
automakers to invest in new technologies and should help spur use of
higher quality lubricants.
Exachem Co. has been appointed export agency for the Hyundai Oilbank-Shell
joint venture that is building an API Group II base oil plant in
Daesan, South Korea. Exachem will be responsible for developing the 60
neutral and 150N market. Chevron
Sri Lanka is building a U.S. $15 million blending plant
in Sapugaskanda, Sri Lanka, to replace its existing facility in
International Bunkering, U.A.E., announced that Euwyn Tan
joined its Singapore office as a bunker and lubricant trader.