Pertamina targets US$27 million in slack wax sales
Indonesia’s PT Pertamina expects to earn US$27 million in revenues from slack wax sales this year, from production amounting to 28,500 [...]
Featured Story
Valvoline Cummins opens new lube blending plant near Mumbai
Valvoline Cummins Limited, a joint venture between Ashland Inc. and Cummins India Limited, announced the opening of a grassroots lube blending and packaging plant in the Ambernath Industrial Area, near Mumbai, India. The facility will produce Valvoline-branded automotive lubricants for the consumer, industrial and heavy-duty markets. Built on 10 acres, [...]
Mergers & Acquisitions
PetroVietnam to merge two of its subsidiaries
State-run Vietnam Oil and Gas Group (PetroVietnam) will merge two of its oil products subsidiaries–PV Oil and PETEC–as part of its restructuring plan to improve operational efficiency. PetroVietnam [...]
Financial
SK Innovation soon to finalize spin-off of Incheon complex and oil trading unit
SK Innovation, South Korea’s top oil refiner, plans to finalize the spin-off of its Incheon refinery complex and the oil trading division at a shareholders’ meeting this month. Its board of directors [...]
Marketplace
Yanbu refinery brings clean-fuel project online
Saudi Aramco has restarted its Red Sea Yanbu refinery, which it owns with ExxonMobil Corp., after nearly two months of maintenance to bring a new clean-fuel project online. The cost of the project is estimated [...]
New Projects
Chevron doubles lube blending plant capacity in Tianjin
Chevron (Tianjin) Lubricants Co., Ltd., a subsidiary of Chevron Corporation, more than doubled the plant’s lube blending capacity from 70,000 tons per year to 150,000 tons per year, according to [...]
Other Headlines
India’s carmakers given till 2017 to meet new fuel efficiency standards
India plans to give carmakers till 2017 to meet the new fuel efficiency standards that are to be announced in the next few months, [...]
Japan’s Kawasaki Heavy and Mitsui Engineering in merger talks
The Nikkei reported that Japan’s Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co. are in merger [...]
South Korea toughens fuel economy rules
South Korea issued new rules on April 30 that will impose fines of more than US$900,000 on carmakers that overstate their vehicles’ [...]
Chevron Oronite announces senior leadership changes
Chevron Oronite announced the appointment of Desmond (Des) King, as president effective September 1, following the retirement of Ron [...]
Infineum continues expansion in Asia Pacific with a new business and technology centre in China
Infineum, one of the world leaders in the formulation, manufacture and marketing of petroleum additives for fuels and lubricants, is [...]
