- In March 2023, Reliance Industries announced an upgrade to its base oil facility in Jamnagar to increase production capacity and enhance supply chain efficiency. TotalEnergies continues to innovate by developing sustainable base oil solutions, reflecting the growing regional demand for eco-friendly products.
- In October 2022, SK Lubricants expanded its product offerings to cater to the rising electric vehicle market in Asia-Pacific.
- In January 2020, Nynas AB launched NYFLEX 201B and NYFLEX 2005, highly refined process oils designed for sealant formulations.
- In December 2019, Saudi Aramco acquired a 17% stake in Hyundai Oilbank for around USD 1.2 billion from Hyundai Heavy Industries Holdings, strengthening its global footprint.
- In October 2019, Texol Lubritech FZC, a subsidiary of Gandhar Oil Refinery India Ltd., inaugurated a manufacturing plant in Sharjah’s Hamriyah Free Zone to produce white oils, LLP, HLP, transformer oils, rubber-processing oils, and various industrial and automotive lubricants.
- In June 7, 2019, Nynas AB introduced NYNAS® S 3B, a new base oil compliant with FDA guidelines, offering high refinement suitable for use in the food packaging industry.
