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
DevvStream–SER merger aims for carbon-negative SAF
DevvStream Corp. and Southern Energy Renewables (SER) have agreed to merge in a deal aimed at developing carbon-negative sustainable aviation fuel (SAF) and green methanol in the United States, despite neither company yet possessing commercial-scale production technology or an ASTM-approved
Aster invests USD71 million in Pulau Bukom base oil refinery upgrade
Aster is committing USD 155 million to expand and modernise its Bukom refinery in Singapore, aiming to boost processing capacity and enhance the value of its products. Announced on 9 December 2025, the rejuvenation drive centres on two major projects slated to be