Glencore said last Friday it had reached a deal to buy Chevron’s 75 percent stake in its South African and Botswana interests for a combined $973 million, replacing China’s Sinopec as the buyer of these Chevron assets. These assets include a lubricants plant in Durban.

LANXESS said last Tuesday it intends to cease production at its Ankerweg site in Amsterdam, Netherlands, where it produces base oils for industrial lubricants. Operations shall be terminated latest in November 2018.

Energy conservation, GHG regulations, and modernization of vehicle fleets and heavy equipment drive the lubricants market towards higher performance oils which in turn leads to an increase in additive consumption, particularly for dispersants, antioxidants, and viscosity modifiers.

Lubrizol announced the opening of a state-of-the art drumming facility and warehouse at its Painesville Township, Ohio manufacturing facility, both of which are part of the company's previously announced phased investment at the site.

GP Petroleums’ parent company, the United Arab Emirates-based GP Global Group, announced that the Company plans to set up a new 100,000 kl green field lubricant plant in Valsad district of Gujarat and discontinue production and sales from its Daman plant.

Chevron Oronite announced last Tuesday that Desmond “Des” King, currently the president of Chevron Oronite Company LLC, will retire on February 1, 2018. He will be replaced by Bruce Chinn, general manager, Chevron Pascagoula Refinery, effective January 1, 2018.

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• Cross Oil Increases Naphthenic Base Oil Prices by 15 CPG, Effective October 9
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