Industry News

FUCHS Lubricants Co. has introduced RENOLIT CX SWG 0-1, a next-generation, sustainable grease engineered for use in automotive gears—particularly electric power steering (EPS) systems. The new

Singapore is rethinking its energy and chemicals sector with a future-oriented strategy focused on sustainability, innovation, and value-added production. According to Lim Wey-Len, executive vice president at the Singapore Economic Development Board, this transformation involves

In a proactive move to strengthen environmental regulation, Oleochemicals Europe—representing APAG and CESIO—has formally called on the European Commission to expand the scope of the EU Deforestation Regulation (EUDR) to include a broader range of oleochemical derivatives. The proposal seeks

Energy and commodities companies Vitol and Grindrod have jointly announced the solvent wind-down of Cockett, a global marine fuels and lubricants trading firm in which they hold equal shareholding. The decision

Global electric vehicle (EV) sales continue their upward trajectory, with more than one in four cars sold worldwide in 2025 expected to be electric, according to a new report from the International Energy Agency (IEA). The agency projects EV sales

Vietnam’s state-owned oil and gas enterprise, PetroVietnam, has officially adopted a new English name: Vietnam Oil and Gas Group. The rebranding aligns the

ProFluid, LLC, a supplier of lubricant and metalworking components based in Loveland, Ohio, U.S.A., has entered into a strategic partnership with Yasho Industries Ltd,

Nynas has published its Annual and Sustainability Report for 2024, marking a year of robust financial performance, bold strategic transformation, and continued advancement in sustainability leadership. The Swedish-based specialty chemicals company reported an adjusted EBITDA of SEK 1,333 million (USD

reNIKOLA Holdings Sdn Bhd and Sumitomo Corporation have signed a memorandum of understanding (MOU) to jointly develop a portfolio of large-scale bioenergy projects in Malaysia and Indonesia. The agreement, formalised on 12 May 2025 during a ceremony at the Malaysia

Phillips 66 has entered into a definitive agreement to divest a 65% interest in its retail marketing businesses in Germany and Austria, as the company continues to streamline operations and unlock shareholder value. The deal, involving Phillips 66 Continental Holding