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You are here: Home1 / Oil

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Liqui Moly profits halved in 2020  

Company News

Liqui Moly’s turnover increased by 7.1 per cent to a record 611 million euro in 2020. The United Kingdom, where Liqui Moly more than doubled its sales, played a particularly important role in this. Given the devastating effects of the pandemic on the global economy and the decline in global consumption of oil and fuel, this is a great achievement. Revenue halved to 25 million euro – partly because the company invested almost 45 million euro in marketing measures during the crisis. In addition, more than 100 new employees were hired. This brings the total number of employees to 989 at the end of 2020.

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Related news:

  1. March was record month for Liqui Moly
  2. Liqui Moly sets new sales record in October
  3. Liqui Moly: record turnover, but lower growth
  4. Liqui Moly enters Formula 1 advertising deal
16th February 2021/0 Comments/by Peter Gardner

Goodyear looks to Soybeans to hit goal of replacing petroleum-derived oils by 2040

Company News, International News
Goodyear

Goodyear has set the goal of fully replacing petroleum-derived oils by 2040 by switching to “materials that deliver best-in-class quality and performance”. But how? And which materials? That’s where soybeans come in.

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Related news:

  1. Tyre Manufacturers In Global E-Commerce Initiative
  2. Goodyear a Thomson Reuters Top 100 Global Innovator
  3. Lehigh expands R&D capabilities
  4. Michelin and Pirelli lead in rubber sustainability – Context Group
25th November 2020/by Chris

BASF partners with New Energy in tyre-derived oil project

News
BASF

BASF SE has signed an uptake supply agreement with New Energy, which specializes waste tyre pyrolysis and is headquartered in Budapest, Hungary. According to the agreement, New Energy will supply BASF with up to 4,000 metric tonnes of pyrolysis oil per year derived from waste tyres. In a pilot phase, the first volumes of the pyrolysis oil have already been used in BASF’s integrated chemical production site in Ludwigshafen, Germany.

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Related news:

  1. RISE and Environ embark on tyre-derived oil research project
  2. Enviro: Improved tyre pyrolysis market will help revenues
  3. BASF invests 16 million euros into Pyrum waste tyre oil recovery
  4. China Seizes 8,500 Tonnes of US Waste Tyres
4th September 2020/by Chris

Enviro: Improved tyre pyrolysis market will help revenues

Company News, International News
Scandinavian Enviro Systems AB

Scandinavian Enviro Systems AB is reporting a “dramatic increase in interest” the pyrolysis oil the company extracts from end-of-life tyres. According to the company, the oil has a high bio content due to the natural rubber in tyres and is therefore “of great interest to many players in the market because it could replace fossil-based alternatives”. This, in turn, is likely to help Enviro’s sales revenues. “Based on the market response and our own calculations, we judge that the oil recovered from end-of-life tyres could contribute to a strong increase of revenues from recycling plants that use our technology,” Thomas Sörensson, CEO of Enviro, explained.

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Related news:

  1. RISE and Environ embark on tyre-derived oil research project
  2. Pyrolysis technology: Michelin partnering with Enviro
  3. Co-owned recycling plants: Enviro setting up USA holding company
  4. Corporate bond to finance Environ’s ownership of recycling plants
4th September 2020/by Chris

Motor oil: mineral, synthetic or fully synthetic?

Product News
Liqui Moly

Motor oil has developed from a simple lubricant to a high-tech liquid. At the same time, the number of oil grades and specifications has increased significantly. Oliver Kuhn, deputy head of the oil laboratory at Liqui Moly, provides more insight and explains what really matters.

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Related news:

  1. Motor oil variety ‘getting really dangerous’ for car drivers – Liqui Moly
  2. Why are there so many different motor oils? – Liqui Moly
  3. Liqui Moly wins oil approval for newest Mercedes engine
  4. Liqui Moly introduces motor oils for BMWs and VWs
31st July 2020/by Andrew

The Parts Alliance to run Petronas oil promotion in June

Product News, UK News
The Parts Alliance

The Parts Alliance will supply two popular Petronas Syntium oil grades in limited edition Formula One 200 litre barrels. The June promotion celebrates the six consecutive Formula One World Championships won by the Mercedes AMG Petronas F1 Team, with an eye-catching barrel design.

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Related news:

  1. The Parts Alliance continue ‘Big Drive’ to win customers
  2. The Parts Alliance promotes steering, suspension programme
  3. The Parts Alliance launches ‘biggest ever’ promotion
  4. Tech Celebrates 80 years with updated branding
1st June 2020/by Andrew

Nynas exits US sanctions

Company News, International News, Legislation
Nynas is now free from the US sanctions against VenezuelaNynas

The US Treasury Department’s Office of Foreign Asset Control (OFAC) has confirmed that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a result of a corporate restructuring of the ownership of Nynas AB, sanctions are lifted.

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Related news:

  1. Nynas exits reorganisation
  2. Bitumina becomes Nynas’ largest shareholder
  3. RISE and Environ embark on tyre-derived oil research project
  4. Trelleborg Fined US$11M for Cartel Involvement
13th May 2020/by Chris

Oil grade picture getting increasingly complicated

UK News

The headaches surrounding oil grades are set to increase for automotive professionals over the coming years, a leading lubricant expert has warned. The number of different engine oils on the market has soared in the last decade – whereas once most cars required a basic 15W-40 viscosity oil or a 10W-40, there is now a much wider range available depending on OEM and vehicle.

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  2. Lube Cube ‘saves more than 500 tonnes of plastic’
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  4. Ultratec poster aids oil selection
11th February 2020/by Andrew

Exol launches new generation motor oil

Product News

Exol Lubricants has launched a highly specialised low SAPS engine oil, one of the first on the market, specifically designed for modern Renault and Nissan diesel vehicles and covering ACEA C3 and C4 specifications.

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  1. New oil from Exol focuses on Volvos
  2. New Exol oil for JCBs
  3. Exol Golf Day is a success
  4. Exol introduces Harvest LV UTTO
30th January 2020/by Andrew

Nynas showing low rolling resistance oil benefits at Tire Technology

International News, Product News

Nynas is attending Tire Technology Expo in Hannover, Germany, 25-27 February 2020 where the company is showing how tyres made with Nynas oils provide “low rolling resistance, reducing energy losses and fuel consumption, while maintaining wet grip for improved control on snow and ice.” Performance of naphthenic oil in winter tyres will also be examined in a presentation by Technical Advisor Dr. Kamyar Alavi, entitled “Get a grip: performance of naphthenic oil in winter tyres.”

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Related news:

  1. RISE and Environ embark on tyre-derived oil research project
  2. Gert Wendroth appointed Nynas president
  3. Nynas enters restructuring process
  4. Nynas: Our oils contribute to safe & efficient winter tyres
24th January 2020/by Chris

Liqui Moly launches ‘lowest viscosity’ motor oil

Product News

Liqui Moly has launched its new Special Tec AA 0W-16 oil. Tim Keller, export area manager responsible for the UK and Irish market says it is the “lowest viscosity” product it has ever launched. It is suitable for selected models from Honda, Lexus, Suzuki and Toyota.

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Related news:

  1. Motor oil variety ‘getting really dangerous’ for car drivers – Liqui Moly
  2. Liqui Moly expands UK and Ireland distribution
  3. New UK warehouse for Liqui Moly
  4. Liqui Moly to introduce Gear Tronic automatic transmission fluid changer
21st January 2020/by Andrew

Nynas enters restructuring process

International News, UK News

Nynas AB (publ) filed for “company reorganisation” in Sweden at Södertörn’s District Court today (Monday 16 December 2019). According to a company statement, Nynas’s banks have refused to continue to extend loans to the company and therefore “Nynas cannot pay due debts forcing the company to apply for a reorganisation”.

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Related news:

  1. Nynas to Supply Lanxess Rubber Production Following DAE Ban
  2. Gert Wendroth appointed Nynas president
  3. RISE and Environ embark on tyre-derived oil research project
  4. Nynas exits reorganisation
16th December 2019/by Chris

RISE and Environ embark on tyre-derived oil research project

International News, Product News
Research Institutes of Sweden (RISE), Nynas AB

The Research Institutes of Sweden (RISE) and Swedish oil company Nynas AB are launching a joint research project aimed at developing a process for refining the oil that is recovered from end-of-life tyres using Scandinavian Enviro Systems AB’s recycling method. Through refining, the oil can be used for more than fuel, which both increases the value of the recovered oil and reduces the environmental impact.

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Related news:

  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Sri Lanka tyre manufacturer signs recycled carbon black order
  3. Nynas considering India expansion
  4. Nynas showing low rolling resistance oil benefits at Tire Technology
26th November 2019/by Chris

Liqui Moly exhibiting at Automechanika

UK News

Liqui Moly will present its full range of automotive chemicals at the Automechanika trade fair in Birmingham. “We don’t just supply oils and additives, we also have pretty much any chemical product required for anywhere in the car,” explained Ibrahim Memis, who is responsible for Liqui Moly ‘s business in Great Britain. “This makes us unique in the sector.”

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  1. Liqui Moly to introduce Gear Tronic automatic transmission fluid changer
  2. First glimpse of new Reifen in UK at Automechanika Birmingham 2017
  3. Automechanika motors into Birmingham
  4. Automechanika Birmingham 2018 appoints Impression Communications
17th April 2019/by Chris

FUCHS releases extreme fuel-economy engine oil

Product News, UK News

Lubricant manufacturer FUCHS Lubricants has released a new premium performance engine oil which can be used across a wide range of vehicles. The new TITAN GT1 FLEX 23 SAE 5W-30 benefits from both ACEA C2 and C3 specifications, as well as corresponding approvals, meaning it can be used in several European and Asian engines. Amongst the approvals is BMW LONGLIFE-04, which means it has been rubber-stamped for use in the very latest BMW engines. According to the company, the oil is proven to reduce fuel consumption up to 1.6 per cent – more than double the savings compared to conventional ACEA C3 products of the same SAE class.

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  1. Ultratec poster aids oil selection
  2. Exol Golf Day is a success
  3. Total Lubrifiants and Nissan: 12 Years of Trust, and Counting
  4. Castrol: New Fluid Titanium Technology benefits unlock engine performance
21st March 2019/by admin
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