Industry News

Saudi Aramco Base Oil Co. (Luberef) has signed a memorandum of understanding with Saudi Aramco to assess the feasibility of developing a base oil production facility at the Jazan Refinery and Petrochemical Complex. The Jazan Refinery and Petrochemical Complex is

Repsol Lubricants has renewed its exclusive distribution agreement with Green B Co. Ltd. in South Korea, extending the partnership for a further three

Dumarey Group and Petronas Lubricants International have begun experimental testing of new engine oil formulations

Japan’s largest oil refiner, ENEOS, is among the leading rival bidders for Chevron’s stake in a

Caltex Lubricants has appointed Santy Trading as its official distributor in Bahrain, expanding the availability of Chevron’s lubricant products across the kingdom’s

Vietnam will mandate the nationwide sale of E10 gasoline from June 2026 as part of efforts to reduce emissions and strengthen energy

UPM has produced its first commercial product at its Leuna biorefinery in Germany, marking a key step in the company’s move to scale up industrial production of wood-based chemicals. UPM is a global materials company focused on renewable fibres,

Canada Pension Plan Investment Board (CPP Investments) has agreed to acquire an indirect, non-controlling interest in Castrol as part of a transaction valued at approximately USD

After months of speculation, bp announced on December 24 that it has agreed to sell a 65% shareholding in Castrol to infrastructure investment firm Stonepeak at an enterprise value of USD 10 billion. The transaction will generate net proceeds of

Thailand’s Bangchak Corporation Public Company Limited has launched a pilot programme to collect used cooking oil for sustainable aviation fuel (SAF) production, following a partnership