KKR backs Chandra Asri with USD 750M financing for Esso deal
KKR has arranged a USD 750 million bespoke financing package for Chandra Asri Group to support the company’s acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore. The deal, announced last month, was
FTC orders Valvoline’s quick‑lube deal to divest 45 outlets
The U.S. Federal Trade Commission has required Valvoline Inc. to divest 45 quick‑lube oil‑change shops as a condition for approving its proposed USD 625 million acquisition of approximately
PLI–Lubrizol partnership targets next-generation fluid technologies
PETRONAS Lubricants International (PLI) has established a strategic partnership with U.S.-based additive manufacturer Lubrizol Corporation to advance fluid
Toyota invests USD 912 million to expand U.S. hybrid production
Toyota will invest USD 912 million to expand hybrid-vehicle and hybrid powertrain production across five U.S. manufacturing plants, adding 252 jobs as the company accelerates its multipathway approach to electrification. The move forms part of Toyota’s previously announced plan to
BASF and ExxonMobil advance methane pyrolysis hydrogen
BASF and ExxonMobil have entered a strategic collaboration to advance methane pyrolysis, a low-emission hydrogen production technology that generates hydrogen and solid carbon without process-related CO₂ emissions
Repsol Lubricants unveils new brand identity for global growth
Repsol has introduced a new brand identity for its lubricants division as part of a strategy to expand its global presence and double the business’s size by 2030. The launch took place on 17 November at the
Clariant backs Repsol’s renewable methanol project in Spain
Clariant has confirmed it will supply key catalyst technologies for Repsol’s planned Ecoplanta facility in El Morell, near Tarragona, Spain — a project described as Europe’s first
Infineum brand refresh signals shift toward sustainable growth
Infineum has unveiled a refreshed global brand identity, introducing a new logo and the tagline “Formulating tomorrow together,” as the UK-based specialty chemicals company signals its
Petron rolls out new scooter engine oil for Philippine riders
Petron Corporation has introduced a new engine oil formulated specifically for scooters, responding to the rapidly expanding scooter segment within the Philippine motorcycle industry. Scooters—classified as motorcycles with a step-through frame, a flat floorboard,
Indonesia targets 2027 for nationwide ethanol-blended petrol mandate
Indonesia will introduce a mandatory 10% ethanol blend in petrol, known as E10, starting in 2027, as part of renewed efforts to enhance energy security and reduce fuel imports amid volatile global oil prices. The ambitious programme, confirmed by Energy