October 2026

BASF SE has raised its takeover offer for Evonik Industries AG to more than EUR 11 billion (USD 12.3 billion), Bloomberg reported on October 23, citing people familiar with the matter. The Ludwigshafen, Germany-based company has made a new bid

PetroChina Lubricant Company, China Petroleum Technology and Development Corporation (CPTDC) and Australia’s Brooks Group signed a cooperation agreement in Perth, Australia, on October 20. Under the agreement, the partners will provide integrated lubrication solutions to local companies in Australia’s mining,

Shell and ExxonMobil are exploring a sale of Infineum, their jointly owned fuel and lubricant additives business, the Financial Times (FT) reported last week, citing people familiar with the matter. Infineum declined to

PetroChina Lubricant Company has launched a Kunlun-branded hydraulic oil series that conforms to China’s national standard GB 11118-2026 for hydraulic oils. The launch took place in Xiamen on October 13 and doubled as the closing ceremony of the company’s “One

Pilot Chemical Company, a privately owned and independent global speciality chemical manufacturer, has named Jesse Jefferis vice president of

PETRONAS Lubricants International (PLI) and UM Motorcycles have entered a strategic partnership to improve motorcycle performance, reliability and the

Proponent has become an authorised distributor of ExxonMobil aviation lubricants in the Americas, the company said on October 19. It already works with

U.S. refineries ran harder this summer than in any year since 1998, with utilisation averaging more than 95% of capacity from May to September, the U.S. Energy Information Administration (EIA) said on October 22. Tight global diesel supplies are behind

Lubrication Engineers, Inc. (LE) has acquired BioBlend Renewable Resources, LLC (BioBlend), a maker of high-performance bio-based lubricants, LE announced October 19. Financial terms of the transaction were not disclosed. LE said it is the company’s fourth acquisition

IMCD has appointed Martin Wolf as managing director for China, effective October 13, the speciality chemicals and ingredients distributor said on October 20. Wolf has more