Industry News

The Volvo Group, Daimler Truck AG and Toyota Motor Corporation have signed a binding agreement for Toyota to join fuel cell developer cellcentric as an equal partner

BYK has opened a mini-plant in Shanghai, China, giving the additives maker local capacity to supply faster, more flexible and customised solutions to its customers, the company said. The facility, officially inaugurated in mid-August, has an annual production

The U.S. Energy Information Administration (EIA) has raised its forecasts for wholesale diesel and gasoline prices for 2026, in its Short-Term Energy Outlook (STEO) released on 11 August 2026. The agency now expects the wholesale diesel price to average USD

Fuchs Group, which operates globally in the lubricants industry, has opened its new Americas Technology Center in Taunton, Massachusetts, U.S.A. The 55,000-square-foot research and development (R&D) facility, which opened on 10 August

PSP Energy Berhad has secured the rights to distribute Sinopec lubricants across Perak and the east coast of Peninsular Malaysia, strengthening its lubricants

Petronas Lubricants International China (PLI China) has signed a strategic cooperation agreement with Shanghai Qingliang Industrial Co., Ltd., a

Dear Cashmere Holding Company, which trades over-the-counter (OTC) as DRCR and does business as Matrix Fuels, has completed stage one of its strategic business plan as it builds an

A delegation from Vietnam’s Ministry of Industry and Trade has inspected ethanol production plants in central Vietnam to assess the country’s readiness for a nationwide rollout of biofuel, the ministry said. The visit, on

The Klesch Group has completed its acquisition of bp’s Gelsenkirchen Refinery Business (GSK) located in one of Germany’s and Europe’s largest integrated

NewMarket Corporation, headquartered in Richmond, Virginia, U.S.A., reported higher earnings for the second quarter and first half of 2026, led by its petroleum additives business. Net