Waste Oil Site Gets $12M Cleanup
Thirty-six companies charged with hazardous contamination of
soil and groundwater at the Breslube-Penn Superfund Site in Coraopolis, Pa.,
have agreed to clean up the former waste-oil transfer station, the U.S.
Environmental Protection Agency and U.S. Department of Justice announced last
week.
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Lanxess Expands in Polyols
Lanxess AG will acquire the business and production assets
of Chinese-based Jiangsu Polyols Chemical Co. Ltd., which produces polyalcohols
that can be used in lubricants. Terms of the transaction were not disclosed.
[FULL STORY]
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Chevron Picks Multisol
Chevron has selected U.K.-based Multisol Ltd. to distribute its API Group II/II+ base oils in Europe.
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Oxea, Dow Raise Prices
Oxea recently announced price increases on polyols, olefins
and carboxylic acids used in lubricants, while Dow said it would raise prices
on a number of oxygenated solvents.
[FULL STORY]
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Briefly Noted
Suncor Energy shareholders on Thursday approved its merger with Petro Canada during a special shareholder meeting in Calgary, Alberta… Safety-Kleen has signed East Hartford, Conn.-based G.H. Berlin Co. to market EcoPower rerefined motor oil in Connecticut, Vermont, New Hampshire and western Massachusetts… Eco Global Solutions, which develops and distributes environmentally friendly lubricants and fuel supplements, has opened its headquarters in Santa Ana, Calif.
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U.S. Base Oil Price Report
ConocoPhillips, ExxonMobil and Valero stepped out with plans to alter base oil postings, adding to the mix of recently issued price hikes. There was an unexpected twist to these announced changes: most prices rose, but others dropped.
[FULL STORY]
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Europe-MidEast-Africa Base Oil Price Report
Base oil markets throughout Europe, the Middle East and Africa are in a state of flux right now, with upward swings and movement on prices occurring every day.
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SSY Base Oil Shipping Report
European trade has improved slightly, lifting freights by a dollar or so on some routes. The American market has been steady, but space looks set to remain tight. Asia is a disaster for many ship owners unable to find any cargo with which to send their ships back to Europe or the United States.
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Publisher's Note: '09 Base Oil Guide Is Here
LNG’s completely updated 2009 Guide to Global Base Oil Refining, a colorful wall chart listing the world’s key mineral base oil plants, has been mailed to all subscribers to the print edition of Lubes’n’Greases magazine. Click here for information on ordering copies.
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