Valero: 'We're Not Going Away'
Valero’s API Group I base oil plant in Paulsboro, N.J., is not going out of business, a company executive said. Valero has multiyear contract commitments to continue operating the business.
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ELM Spins Off Metalworking Fluids
Environmental Lubricants Manufacturing has spun off its
metalworking fluids business to Performance BioLubes LLC, which hopes to expand
the bio-based fluids’ market nationally and internationally.
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Craft Buys One More Distributor
Pennsylvania's Craft Oil Corp. acquired New Jersey lubricants distributor Total Lubrication Services and Supply effective Jan. 2. The price was not disclosed.
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Concocting Veggy Oils in Malaysia
Solution Engineering Holdings Bhd and Universiti Putra
Malaysia are working together to design and build a 4 million Malaysia Ringgits (U.S. $1.1 million) pilot plant to produce bio-based oils in Puchong, Malaysia.
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WD-40 Earnings, Sales Strong
Worldwide sales of the lubricants WD-40 and 3-in-One climbed
14.9 percent to $65.9 million for the first quarter ending Nov. 30, compared to the year-earlier period.
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Briefly Noted
Summit Lubricants
has acquired a 50,000 square foot building on 5.5 acres in Batavia, N.Y., for
$3 million as a second facility for manufacturing and distribution... A custom
manufacturing arrangement will enable ExxonMobil
Chemical to increase availability of high viscosity SpectraSyn 40 and
SpectraSyn 100 polyalphaolefins by 30 percent before the end of 2009... North American Lubricants is decreasing
finished lube prices on all orders on or after Jan. 12, by up to 8 percent... RohMax Oil Additives appointed Richard
Van Sleet vice president for business and strategic marketing effective Jan. 1.
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U.S. Base Oil Price Report
Flint Hills Resources, Motiva and Calumet stepped out with 20
to 40 cent per gallon reductions this week for their API Group I, II and II+
paraffinic neutrals.
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Europe-MidEast-Africa Base Oil Price Report
Overall, demand is missing. Looking at the whole region from the Baltic in the north, through the Mediterranean, and down to the Middle East Gulf and Africa, the demand factors are just not there.
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SSY Base Oil Shipping Report
The mood of the market is still generally downbeat. A substantial number of tankers of all sizes have no employment, or are very close to becoming open. Most rates remain soft; U.S. Gulf to the Far East is spectacularly competitive at the moment.
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