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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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”.