The world’s growing hunger for
fuel-efficient engine oils is good news for API Group III base oils, but
the market will be oversupplied by 1 to 2 million tons per year for the
next five years or longer, predicts U.S. consultant Stephen Ames.
The chief executive of Sri
Lanka’s largest lubricant supplier complained recently that the island
country does too little to ensure fair play in the lubes market. He and
other suppliers called for closer regulation to safeguard consumers and
prevent losses to the nation’s exchequer.
Shell opened a ¥1.8 billion
(U.S. $290 million) lubricant technology center in Shanghai last week. The
world’s largest lubricant supplier hopes the facility will help it attract
more business in China and in neighboring countries.
Packaging design is as much
science as art. The process requires close interaction between the design
team and production experts – because a package that looks great is still
poorly designed if it causes hangups on the filling line or buckles during
A brief in the March 25 issue
incorrectly reported that ISU Exachem was an export agency for a Hyundai
Oilbank and Shell joint venture base oil refinery. Exachem provided the
original information but later stated that it was not true.
Conditions were mostly
stable in the Asian base oils market, with higher-viscosity stocks being
more widely offered in the spot market and availability of low-vis grades
still described as tight. –
by Gabriela Wheeler