Shell India to Double Lube Capacity to 200,000 TPA
Shell India Pvt. Ltd plans to invest about Rs469 crore (US$100,000 million) to double its lube manufacturing capacity in India to meet the rising demand primarily due to increasing automobile sales. Shell has a 100,000 tons manufacturing facility at Taloja in Maharashtra and is planning an additional capacity of another 100,000 tons.
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Total to Acquire ExxonMobil's Vietnam Lube Business
Total announced on October 1 that it will buy ExxonMobil’s lubricants and specialties business in Vietnam.. The purchase includes a lubricant blending plant in the southern Vietnamese province of Dong Nai and Exxon’s base oil distribution network throughout the country.
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Chris Haire, President & CEO Total Lubricants USA Southwest, to Retire
Chris Haire, President & CEO Total Lubricants USA Southwest, has announced that after 34 years in the oil and gas industry, he has decided to retire effective December 1, 2009. Total Lubricants USA Southwest, previously operating under the name Lubricants USA, is part of Total’s global lubricants network.
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ELM Introduces SoyLube Brand Consumer Lubricants and Greases
Environmental Lubricants Manufacturing, Inc. (ELM) announced the introduction to the market an array of biobased consumer lubricants. The products are the first of their kind as they are packaged in an environmental friendly kit for use in and around the household.
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Prista Oil Named Valvoline Distributor in Central and Eastern Europe
Valvoline International Inc. has announced that Prista Oil Group will distribute Valvoline® products in Central Eastern Europe. Effective October 1, 2009 Prista Oil Group will distribute the complete line of Valvoline lubricants, automotive chemicals and car care products to customers in Albania, Bosnia and Herzegovina, Bulgaria, Czech Republic, Croatia, Hungary, Kosovo, Macedonia, Montenegro, Romania, Serbia, Slovak Republic and Slovenia.
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Eastern Hemisphere Lube Base Oil Price Report
Crude oil prices traded in a narrow range of US$69-72 per barrel last week, with light sweet crude oil closing at US$72.29 per barrel on the New York Mercantile Exchange last Friday. Lube base oil prices continue to remain on firm footing, with minimal change from our last report.
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