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JX Holdings to Acquire TonenGeneral
Japan's largest oil refiner, JX Holdings, announced last Thursday that it plans to take over TonenGeneral Sekiyu, Japan's third-largest oil refiner, forming a giant with combined sales of 14.3 trillion yen (US$116 billion). This follows Idemitsu Kosan's November 12 announcement that it agreed to merge with Showa Shell Sekiyu K.K., creating the second-largest Japanese crude oil refiner, after JX Holdings.
[FULL STORY]
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ExxonMobil Opens New Office and Appoints New Lubricants Distributor Centlube in South Africa
ExxonMobil has opened a new office and appointed a new lubricants distributor, Centlube, in South Africa. The new Cape Town branch is the first dedicated ExxonMobil lubricants office to open in South Africa since 2005. Centlube now distributes ExxonMobils lubrication solutions for passenger vehicles, commercial vehicles and industrial equipment.
[FULL STORY]
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Shell to Expand Alpha Olefins Production at Geismar Chemical Plant
Shell Chemical last Monday announced the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest AO producer in the world. Shell will construct a fourth AO unit, adding 425,000 tons of capacity.
[FULL STORY]
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Six Most Interesting Lubricants Markets in Africa and Middle East
Accounting for approximately 8% of the global finished lubricant demand, the Africa and the Middle East region is forecast to grow at a modest compound annual growth rate (CAGR) of 3% until 2019, according to a recent blog by research and consulting firm Kline. The countries covered include Nigeria, Egypt, South Africa, UAE, Saudi Arabia and Turkey.
[FULL STORY]
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BRB International and Tiarco Chemical Announce Lubricant Additives Partnership
Lubricant additive suppliers BRB International B.V. and Tiarco Chemical last Tuesday announced a commercial and technical partnership which will allow both companies to utilize their core technical and operational strengths to supply each others products and value-added cost effective solutions to the grease and lubricant market.
[FULL STORY]
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Canada's Groupe Filgo and Sonic Partnering
Sainte-Marie, Québec, Canada-based Groupe Filgo and Montreal, Canada-based Sonic, a division of La Coop fédérée, announced that they have signed an agreement for the purpose of merging their activities for the distribution of energy products. Filgo Lubricants is an Alliance Distributor for Shell Lubricants, Pennzoil® and Quaker State® brands in Quebec.
[FULL STORY]
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