Graham Closes Bottle Plant
Graham Packaging Co. plans to close its Levittown, Pa.,
plant, which manufactures HDPE containers for motor oils, on July 20. The
company will lay off 45 employees as a result of the closing.
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Tall Oil Plant Folds
Arizona Chemical will permanently close its Port St. Joe,
Fla., tall oil plant in July, citing the global economic downturn’s continued
impacts on customer orders.
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Nigeria OKs Aviation Lube Imports
Nigeria has jettisoned its plan to ban the importation of aviation lubricants into the country, realizing that the country's aviation lubricants market is too small to justify new blending plants dedicated to that sector.
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STLE Seeks Diverse Membership
David Scheetz, 2009-2010 president of the Society of
Tribologists and Lubrication Engineers, sees opportunities to
grow STLE’s membership, young and old, and broaden the association’s appeal.
[FULL STORY]
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County Sues Chemtool Over Sewage
McHenry County, Ill., officials last week filed a lawsuit against lubricant and grease manufacturer Chemtool, alleging that a failing septic system is leaking sewage and other contaminants into the soil surrounding its 58-acre headquarters in Crystal Lake, Ill.
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Emery Emerges
Emery Oleochemicals is the new brand and company name for
the fifty-fifty oleochemicals joint venture in Kuala Lumpur, Malaysia, between PTT Chemical International Private and Sime Darby Plantation.
[FULL STORY]
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U.S. Base Oil Price Report
It initially appeared that the U.S. market was entering the early stages of the summer doldrums. But on Tuesday Chevron first grabbed the market’s attention with plans to raise its API Group II postings by 20 cents per gallon, then Calumet stepped out with news that it too will lift its paraffinic and naphthenic offerings by 20 cents/gal, quickly followed by Nynas, raising its pale oil prices 20 cents/gal.
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Europe-MidEast-Africa Base Oil Price Report
New prices are filtering through to enquiries for spot business, but API Group I prices remain in a broad spread from $420 to $495 per metric ton basis FOB mainland Europe, with bright stock at $600 to $630/t. Few new deals are reported, other than contracted domestic deliveries and export cargoes.
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SSY Base Oil Shipping Report
Even with the extended holiday weekend, European and Baltic markets saw enquiries over the past week, an encouraging sign. Elsewhere, the oversupply of tonnage continues to drag rates down in Asia, India and the Middle East Gulf, while the United States is snug on space.
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