Global perspective and trends in the lubricants industry. The global lubricants market is projected to grow to 43.87 million tonnes by 2022, at an estimated CAGR of 2.4 percent. High demand from automotive, industrial machinery and construction are expected to drive industry growth over the forecast period. Increasing demand for lightweight passenger cars and heavy-duty commercial vehicles has fostered global automotive production, which in turn is conducive to the development of lubricants for application in this field. Read more.
THE HAGUE, NETHERLANDS: Shell Offshore Inc said that its affiliate, Shell E and P Offshore Services BV, will exercise a contractual right to purchase the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The vessel is contracted for the Stones deep-water development in the Gulf of Mexico, which began production last year. Read more.
BANTING, MALAYSIA: Linde Malaysia Sdn Bhd, a member of The Linde Group has launched its first modular automated industrial gases cylinder filling plant in South Asia and ASEAN, located in Banting, Malaysia. This latest key milestone reaffirms Linde’s position as a long-term investor in Malaysia and as the leading industrial air and medical gases supplier. Read more.
DES PLAINES, US: Honeywell (HON) UOP has introduced its new connected plant ARMGuard system, a remote monitoring service that helps natural gas processors manage the adsorbents that are used to remove water from natural gas. Honeywell UOP’s ARMGuard system uses existing instrumentation to help customers optimise their adsorption cycles. Read more.