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| | Wednesday, March 13, 2002 | | VOLUME 2 ISSUE 11 |
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News Sponsored By:
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Lube Report Editor
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Shell Sells Resellers by the Seashore
The old Equilon Lubricants business may have shrunk when Shell bought out partner Texaco last month. But Shell officials are unveiling ambitious plans in meetings with distributors in New Orleans yesterday and today, calling for large-scale growth in a variety of areas.
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| Base Oil Capacity Condenses
U.S. lube oil refining capacity has slipped to 210,400 barrels per day, a decline of more than 6 percent since January 2001, and 9 percent off 1997's peak of 231,100 b/d, according to the 2002 edition of the Lubricating Oil and Wax Capacities Report from the National Petrochemical and Refiners Association.
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| Spotlight on Aviation Grease
Aircraft security and safety concerns grabbed headlines these past few months. Aviation grease, a seemingly fringe aspect of aircraft maintenance, has a crucial bearing on equipment life and health, and is drawing increasing attention worldwide.
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| Valvoline Claims 100,000-mile Drain Interval
The Valvoline Co. has introduced a heavy-duty engine oil that can extend drain intervals, it claims, as high as 100,000 miles. Valvoline officials acknowledge, however, that intervals for new low-emissions engines will probably be far shorter.
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| Hatco, Celanese to Build Plant
Hatco Corp. is partnering with Celanese Chemicals Europe GmbH to build a 7,000-metric-ton-per-year neo polyol ester plant in Germany.
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| Shareholders Approve ConocoPhillips
Shareholders of Conoco Inc. and Phillips Petroleum Co. yesterday approved their proposed merger, moving the companies closer to creating the third-largest U.S. oil company. The final hurdle is U.S. Federal Trade Commission approval; it is expected to rule later this year.
| Base Oil Price Report
U.S. prices for naphthenic base oils have seen less movement in recent months than paraffinics – thanks, in part at least, to constraints in production. Supply is expected to increase this month, however, and marketers are hoping for higher demand to take up the slack.
[Click here to view FULL STORY]
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Copyright © 2002 LNG Publishing Co., Inc. All rights reserved.
Tim Sullivan, Editor. Lube Report, Lubes'n'Greases Magazine and Lubricants Industry Sourcebook are published by LNG Publishing Co., Inc., 6105-G Arlington Blvd., Falls Church, Virginia 22044 USA. Phone: (703) 536-0800. Fax: (703) 536-0803. Website: www.LNGpublishing.com. For sponsor information contact Gloria Steinberg Briskin at (800) 474-8654 or (703) 536-7676 or gloria@LNGpublishing.com. | Forward to a colleague |
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