Moresco to merge U.S. lubricant subsidiaries in 2026
Moresco, a Japan-based specialty lubricant and chemical manufacturer, will merge two wholly owned U.S. subsidiaries on 1 January 2026 as part of efforts to consolidate its North American operations and strengthen its global business
New guidelines approved for using ammonia cargo as marine fuel
Lloyd’s Register (LR), EXMAR, and the Belgian Federal Public Service for Mobility and Transport have completed work on new international guidelines governing the safe use of ammonia cargo as marine fuel, following more than two years of development and
API ballots clear path to PC-12 first licensing in 2027
The Lubricants Group of the American Petroleum Institute (API) has agreed to ballot three key motions for the next heavy-duty engine oil category, Proposed Category 12 (PC-12), a move that would pave the way for first licensing on
IMCD appoints Clara Fabre to lead Lubricants & Energy unit
IMCD Group has appointed Clara Fabre as its new business group director for Lubricants & Energy, effective 1 January 2026. She succeeds Marco Maddedu, who will focus on leading IMCD Italy following the company’s acquisition
MOL, Sinopec, and Marubeni to build marine biodiesel supply chain
Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding with Sinopec Zhejiang Zhoushan Petroleum and Marubeni Corporation to establish a long-term supply
ExxonMobil boosts 2030 plan with higher earnings outlook
ExxonMobil has raised its corporate plan to 2030, forecasting stronger earnings, higher cash flow and deeper cost reductions as part of its multi-year transformation. The company now expects earnings to grow by USD 25 billion and cash flow by USD
Idemitsu launches Japan’s first marine biofuel supply
Idemitsu Kosan has started supplying a biofuel blend for oceangoing vessels, becoming the first Japanese oil refiner to do so. The company announced that it has begun offering a
Lubrizol and IMCD Vietnam to open joint service centre
Lubrizol and IMCD Vietnam will establish a joint service centre in Ho Chi Minh City to strengthen technical support for industrial
Six EU nations push to relax 2035 combustion engine ban
Six European Union (EU) member-states have asked the European Commission to soften its plan to ban new petrol and diesel car sales from 2035, arguing the current rules risk undermining industrial competitiveness and should allow a broader range of technologies.
Renault and Ford partner to develop new electric vehicles
Renault Group and Ford have entered into a strategic partnership to co-develop electric and commercial vehicles for the European market, marking a significant shift in the region’s competitive electric