REACH List Tops 150,000
On Dec. 19, the
European Chemicals Agency published the list of all chemicals that have been
filed with the European Union's REACH program, representing nearly 150,000
substances ("lines") from 65,000 companies.
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Sunoco Mulls Tulsa Terminal
Sunoco may convert its Tulsa, Okla., refinery into a
terminal late next year if it can’t find a buyer for it, the company’s chief
executive officer said during a meeting with analysts last week. The refinery
includes a 9,500 barrels per day API Group I base oil plant.
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ExMo Restarts PAO Plant
ExxonMobil Chemical restarted its Beaumont, Texas,
polyalphaolefin plant the week of Dec. 7, good news for blenders of premium
lubricants that were already coping with a tight PAO market before the plant
shut down in preparation for Hurricane Ike in September.
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Group I Outlook: Partly Cloudy
While Latin America can expect its API Group I producers to be viable well past 2020, North America is braced for more Group I shutdowns – most likely Sunoco’s Oklahoma and Valero’s New Jersey plants – an industry expert predicted earlier this month, before Sunoco's latest announcement.
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Russia Strives to Retain Market Share
Individuals from several corners of Russia’s lubricant
industry called for government intervention to help stem the loss of market share to foreign companies, at a lubes conference in Moscow last month.
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BASF Boosts PIB Capacity
BASF on Thursday said it will increase annual capacity of
low molecular weight, highly reactive polyisobutene by 25,000 metric tons between
now and 2010 at its Ludwigshafen, Germany, site.
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U.S. Base Oil Price Report
It was another week filled with price cut announcements of 20 to 60 cents per gallon for the full range of API Group I, II, II+ and III base oils. These fresh decreases brought much joy and happiness to buyers across North America, just in time for the year-end holiday celebrations.
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Europe-MidEast-Africa Base Oil Price Report
As we approach the Christmas holidays there is a hint of stability creeping into crude and feedstock prices which may eventually reflect on base oil numbers. However, base oil prices have still to fall to come into line with buyers’ expectations. How far and how quickly are open to speculation from all sides.
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