In the October 2026 edition, ADI examines how lubricant leaders like HF Sinclair, BP, and Saudi Aramco are shifting toward industrial, thermal-management, and specialty-fluid applications as engine-oil demand growth slows. Recent M&A includes Nippon Paint Holdings’ agreement to acquire AkzoNobel’s decorative paints business in Southeast Asia and Oceania, alongside Heidelberg Materials’ and CRH’s agreements to acquire NCC AB’s Nordic operations.
On plants and policy, Westlake, Sumitomo Bakelite, and Lawter announced plant closures in Germany, the U.S., and New Zealand, while Air Products and Gujarat State Fertilizers & Chemicals announced LNG-based air separation and green ammonia projects. India also opened anti-dumping investigations into several products from China.
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