Bayonne Bowing Out of Base Oils
Effective June 1, ExxonMobil will stop supplying base oil from
its Bayonne, N.J. terminal, industry sources confirmed to Lube Report.
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Calumet Expansion Starts Up
Calumet Specialty Products’ expansion at its refinery in Shreveport, La., started up May 1, with feedstock beginning to go in early last week, said Kevin Farley, director of business planning.
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ADM Dips Toe in Lubes
Agricultural processing giant Archer Daniels Midland has entered the lubricants business, gaining a minority share position with its investment in Houston-based BioBlend Renewable Resources.
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Production, Prices Rise
Chemtura announced an increase in prices for a range of petroleum additives and a boost in production of its Synton brand of PAO products at its Elmira, Ontario, facility, while Kraton Polymers is raising prices for SBS-based polymers and compounds in North and South America.
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Croda Sheds Oleo Business
Croda International last week agreed to sell its Chicago-based oleochemicals business to H.I.G. Capital for £46.7 million (U.S. $91 million).
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MWF: Safer, Cleaner, Greener
Registration has opened for the first international symposium on metalworking fluid issues in more than a decade, “The Industrial Metalworking Environment: 3rd Symposium on Assessment and Control of Metal Removal Fluids,” Oct. 5-8 in Dearborn, Mich.
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Quaker Chemical's Naples to Retire
Ronald Naples, chairman and chief executive officer of Conshohocken, Pa.-based Quaker Chemical, will retire in October and then remain chairman for a limited time. Michael Barry, senior vice president and managing director for North America, will become CEO.
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U.S. Base Oil Price Report
The hits just keep on coming as another wave of price hikes swept through the U.S. base oil market during the past week. ExxonMobil stunned the market with another fresh increase to the tune of 15 to 25 cents per gallon on its light-end grades, quickly followed by Sunoco, Citgo and Valero, while Flint Hills Resources jumped in with 20 to 25 cents/gal hikes on its API Group II base oils.
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