Monday, July 15, 2013   VOLUME 9 ISSUE 28  
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Sinopec Opens New Singapore Lubricant Plant

Sinopec, China's largest integrated energy and chemical group, opened its new S$134 (US$106) million lubricant plant in Singapore last Thursday, its first outside China. Sinopec said its Singapore plant, which has an initial production capacity of 100,000 tons of finished lubricants a year, will serve predominantly the Asia Pacific market.

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Pertamina, SK Lubricants and Patra SK Sign MOU to Produce Group II Base Oil at Cilacap

PT Pertamina, SK Lubricants Company, and PT Patra SK have signed a Memorandum of Understanding (MoU) to conduct a feasibility study in order to increase production and marketing capability of the Cilacap lube base oil refinery in Central Java, Indonesia, and also produce Group II base oils.

[FULL STORY]

Argus Launches European Group II Base Oils Price Assessments

Global energy and commodity price reporting agency Argus announced last Friday it has launched assessments for European Group II base oils prices. These are the first assessments in Europe for Group II base oils. Europe, with production still focused on Group I base oils, is a key destination for Group II base oils originating from markets such as the US and Asia-Pacific.

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Chevron Adds Third Group II Base Oil Hub in Europe

Chevron Lubricants has announced that it will be adding an additional storage facility for Group II base oil in Eastham, England. This is Chevron’s third Group II supply hub in Europe in addition to storage facilities in Antwerp, Belgium and Hamburg, Germany. A complete product line will be inventoried at the facility, including Group II grades, 100R, 220R, 600R and Group II+, 110RLV.

[FULL STORY]

Afton Chemical Launches HiTEC® 8744X HDDO Additive

Afton Chemical last Thursday announced the launch of HiTEC® 8744X Heavy Duty Diesel Oil (HDDO) Additive, developed to address the need of the modern heavy duty diesel fleets in the world’s fastest growing markets. HiTEC® 8744X HDDO Additive targets the after warranty vehicles segment with a unique profile focusing on API CH-4 only.

[FULL STORY]

Waning Petroleum Wax Supplies Creating a Greater Market for Synthetic and Vegetable Waxes

While registering modest growth of 0.7% CAGR through 2012, the global wax market continues to be transformed. Synthetic waxes are growing rapidly, supplanting petroleum waxes which enjoy a dominant, but declining market share. Hydrogenated and natural vegetable waxes are also making inroads.


[FULL STORY]

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Global Lube Base Oil Specifications

API Group I
API Group II
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API Group IV
API Group V

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