Calumet and Lyondell? Not So Fast
LyondellBasell’s plan to have Calumet sell its naphthenic base oil and white oils has drawn sharp reaction from its current marketing partners. The jilted Nynas and Schumann Steier each filed objections Friday in U.S. Bankruptcy Court to prevent the proposed contract from going forward.
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Grease: Good for the Bottom Line
Adding grease to your product lines can be a profitable move for a lubricant marketer, but select your supplier carefully. Some grease manufacturers may send a salesman to call on your customers, an industry expert warned.
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Lubrizol Completes MWF Move
Lubrizol has relocated its metalworking laboratory and testing operations from Spartanburg, S.C., to the technical center at its Wickliffe, Ohio headquarters.
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Recovery's in the Forecast, with Caveats
Is the outlook for base oils and lubricants brighter? Speakers at the ICIS Middle Eastern Base Oils and Lubricants Conference said the global recession has ended and the world’s economy has begun a recovery that should begin to revive lube demand.
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Engen Ups Electric Oils
Engen Lubricants has finished a 5 million rand (U.S. $684,000) upgrade of its transformer oil blending facilities to help meet growing demand, thanks mainly to South African power utility Eskom Holdings’ continued expansion.
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WD-40 Net Income Grows
Net income for WD-40 rose 64 percent for the fourth quarter ending Aug. 31, to $7.6 million compared to the year-earlier period. For the full fiscal year, net income totaled $26.3 million, down 5 percent from the previous year’s total.
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U.S. Base Oil Price Report
As this week advances, U.S. base oil fundamentals hold steady, with supply largely balanced alongside healthy demand for a number of grades. Posted prices are unchanged, but buyers and sellers are keeping a very close eye on upstream developments.
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Europe-MidEast-Africa Base Oil Price Report
With the consensus that economic upturn is starting, this week has seen a considerable strengthening of crude and feedstock prices, increasing pressure on producers to review selling prices for base oils.
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SSY Base Oil Shipping Report
Rather more activity has been generated over the past week, with Europe and the U.S. Gulf recording an increase in demand. Asian coastal markets improved too, but palm oil shipments into the Indian Ocean have waned.
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