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Monday, October 17, 2016   VOLUME 12 ISSUE 42  
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Germany's Bundesrat Votes to Ban Internal Combustion Engines

The German government has voted to ban the production of all internal combustion engines by 2030. Germany's top governing body, the Bundesrat, voted to allow only zero-emission vehicles on roads in 14 years. Norway proposed banning ICE production earlier this year. It is predicted the European Union will follow suit.


Idemitsu Kosan Announces Delay in Planned Merger with Showa Shell

Idemitsu Kosan announced last week that its merger with Showa Shell Sekiyu, originally planned for April 2017, has been delayed to an indefinite date. Reportedly, Idemitsu’s management has not been able to persuade the company’s founder and former president, 89-year-old Shosuke Idemitsu, to agree to the merger. Idemitsu said effective date of the merger is now "Undecided".


Russia's Rosneft Goes on Shopping Spree

Russia’s largest oil company Moscow-based Rosneft has acquired the state-owned stake, 50.08 percent, of another major Russian oil producer Bashneft for approximately US$5.3 billion. Then, this past Saturday, Rosneft announced it had acquired a 49% stake in India's second biggest private oil firm Essar Oil for approximately US$6.5 billion


Ex-SVP of Safety-Kleen Michael Sommer Appointed by Vertex as Manager of Product Sales Development

Vertex Energy last Tuesday announced the appointment of Michael Sommer as Manager of Product Sales Development, a newly created position within Vertex. Sommer, a 30-year veteran of the lubricants industry, spent 23 of those years with Safety-Kleen.


Afton Chemical Launches HiTEC® 12200 Series of HDEO Additives

Afton Chemical last week announced the launch of the HiTEC® 12200 Series of heavy duty engine oil (HDEO) additives in Asia Pacific, EMEAI and Latin America. Products within the HiTEC® 12200 Series will be launched progressively with the initial core packaging being an API CH-4/CI-4 15W-40.


EPA Acts on New Chemical Law to Fast-Track Five Chemicals

EPA is taking swift steps to carry out requirements in the Frank R. Lautenberg Chemical Safety for the 21st Century Act to reform the Toxic Substances Control Act and to reduce exposure to certain persistent, bioaccumulative, and toxic (PBT) chemicals, including those used in lubricants.


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October 10, 2016
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