New Lease on Life for Group I Plants?
Global supply of API Group I base oils will shrink to just half of the world’s total over the next decade, down from about two-thirds today, but thanks to the rising price of wax, existing Group I plants may enjoy a new lease on life, according to consultancy Kline & Co.
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Oxea Expands in Esters
Oxea has agreed to buy an ester plant in Amsterdam from ExxonMobil Chemical. The companies did not disclose the price of the purchase, which raises Oxea’s profile in ester production.
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Westway Ups Base Oil Storage
Westway Terminal Co. agreed this week with an unnamed oil company to store nearly 170,000 barrels of base oil at its Port Allen, La., terminal over the next 16 months.
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Lube Search Engine Launched
Chemidex LLC last week launched its Lubricant & Metalworking Fluids Cybrary industry search engine, intended to enable lubricant and metalworking fluid formulators to search participating suppliers' data sheets and other information in one location.
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Oil Spots Canon Image
Canon is offering free cleaning of two of its popular high-end digital cameras to remove excess oil applied during manufacturing to lubricate internal moving parts.
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Briefly Noted
Valvoline will be represented in western Canada by Specialty Sales & Marketing, Inc., Mississauga, Ont., beginning June 1... Safety Kleen Systems, Plano, Texas snagged a $13 million one-year contract for maintenance coverage of a closed loop rererefined oil project for U.S. military and federal agencies… Monheim, Germany’s Cognis opened an affiliate in India, Cognis India; Guido Appl is general manager… Safety-Kleen signed North Tonawanda, N.Y. based Superior Lubricants to market EcoPower recycled motor oil in portions of New York and Pennsylvania… Fuchs Petrolub, Mannheim, Germany, picked Auto-Camping Ltd., Scarborough, Ont., to distribute Fuchs-branded automotive oils in Canada… Quaker Chemical, Conshohocken, Pa., elected President and CEO Michael F. Barry chairman of the board… HallStar Co., Chicago, Ill., acquired two additive lines from Dow Hyperlast, Middlesex, U.K.: Rezilube and Dioplex.
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U.S. Base Oil Price Report
U.S. base oil fundamentals held firm during the past week, reflecting the scenario that has been apparent since early-to-mid April. Despite rising feedstock costs, postings are unchanged.
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Europe-MidEast-Africa Base Oil Price Report
It’s a time of disparity and even confusion in the Europe-Middle East-Africa base oil market. Some producers have started to increase prices, particularly for API Group I solvent neutral grades and bright stock, while others, particularly the majors, have not.
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SSY Base Oil Shipping Report
European markets have been more encouraging over the past week with more enquiries seen. Elsewhere, the oversupply of tonnage continues in Asia, India and the Middle East Gulf, while the United States is essentially snug on space.
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