Shell, Hyundai in Base Oil JV
Hyundai Oilbank yesterday said it and Shell Petroleum Co. Ltd. plan to form a joint venture to build a 20,000 barrels per day base oil plant in Daesan, South Korea, with production expected to begin in 2014.
[FULL STORY]
|
How NATO Makes Lube Purchases
Unlike civilians, the diverse armed forces of NATO must be prepared to operate in any environment and under severe conditions at any time. Ideally, each member's military – and its lubricants – will perform interchangeably when called on by its allies.
[FULL STORY]
|
Afton Posts Mixed Results
Afton Chemical reported increased revenue and a decline in operating profit for the quarter ending Dec. 31, 2011, compared to the year-earlier period. Full year operating profit was up from 2010.
[FULL STORY]
|
Shell Russian Lubes Plant Delayed
The opening of Shell’s 18,000 metric ton per year Russian blending plant has been delayed again, to mid-2012.
[FULL STORY]
|
Profits Up for SK, S-Oil
South Korean base oil refiners SK Lubricants and S-Oil reported strong increases in operating income and revenues for the quarter ending Dec. 31, compared to a year earlier. Each company’s full year operating income and revenues were also up from 2010.
[FULL STORY]
|
Mexican Terminal to Handle Lubes
Raloy Lubricants and railroad company Kansas City Southern de Mexico recently opened the Diamond International transload center, a storage terminal that will primarily be used for lubricants, base oil, additives, antifreeze and brake fluids.
[FULL STORY]
|
Briefly Noted
Oxea laid a
cornerstone in Oberhausen, Germany, for a plant that will increase its global
carboxylic acid production capacity by 40 percent. Houghton International
named Jeewat Bijlani vice president of global business development, marketing
and strategy. Total Lubricants awarded its British Columbia bulk lubricants distributorship
to Auto-Camping effective Feb. 1. Paul Lewis joined Hoover Container Solutions as president and chief operating
officer.
|
U.S. Base Oil Price Report
The U.S. base oil market appears to be in a holding pattern, with little change noted in buying or supply programs in the past week. Customers say they are receiving scheduled contractual volumes without a hitch, and suppliers concur that orders are on target.
[FULL STORY]
|
Europe-MidEast-Africa Base Oil Price Report
The EMEA base oil market has suddenly come to life with many suppliers unable to meet regional enquiries. As usual, a number of factors simultaneously emerged to cause market demand to surge.
[FULL STORY]
|
SSY Base Oil Shipping Report
It is a tight picture in the U.S. Gulf of Mexico for February loading. Europe is enjoying a strong performance in the local market, but not much is happening deep-sea. Asia is quiet on both coastal and long-haul routes.
[FULL STORY]
|
