Shell to Build $100 Million Lube Blending Plant in Russia
Shell announced last Monday that it is starting construction of a major new $100 million lubricants blending plant - the first to be built by an international oil company in Russia. The plant, which is being built near Moscow, will have a capacity of 200 million litres a year (about 180,000 tons), making it one of the largest in the Shell network worldwide. Commercial operation is expected to begin by the end of 2010.
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Mack Opens New World Headquarters In Greensboro
Mack Trucks last week officially celebrated the grand opening of the new Mack World Headquarters in Greensboro. As a Volvo Group company, many of the corporate support functions Mack relies on – such as human resources, information technology, financial services and logistics – are already based in Greensboro, where they support other Volvo Group companies in North America.
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Shell Launches New "Vital Role of Quality Motor Oils" Consumer Education Awareness Program
Shell has launched a new consumer education program to raise the awareness about the vital role of quality motor oils. This program is intended to educate consumers about the importance of quality motor oil and the role it can play in helping prolong an engine’s life and improve its overall efficiency.
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European Union Issues Guidance for New Product Classification and Labeling Regulation
The European Chemicals Agency has issued two guidance documents for the implementation of the European Union’s “CLP Regulation” for Classifying, Labeling and Packaging products. The regulation (Regulation (EC) No 1272/2008) was published on Dec. 31, 2008, and implements the Globally Harmonized System for hazard warning on labels and material safety data sheets.
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Russia’s $4 Billion Lubes Market to Shrink 15%
The Russian lubes markets, estimated at 1,805 kilotons worth $4.26 billion last year, is expected to decline this year, having been significantly negatively impacted due to the economic recession. Lube consumption is expected to be down by over 15% in 2009 versus 2008.
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