Shell Opens Blending Plant in China
Shell Lubricants has started up a lubricants blending plant in China with 50 million gallons per year capacity to meet growing demand across the country. With potential for phased development to 100 million gallons per year, it could become one of Shell’s top three blending plants worldwide in terms of volume.
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Cross Oil Refinery Changes Hands
Martin Midstream Partners on Nov. 25 closed on its acquisition of specialty naphthenic lubricant processing assets from Cross Oil Refining and Marketing, paying $45 million in a stock transaction.
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Does Syn Oil Lead to Salvation?
A thousand trucking companies went out of business in 2008, and fuel costs were a major factor, a lubricant executive said. Replacing 15W-40 with synthetic 5W-40 diesel engine oil can help improve energy efficiency, but it can be a tough sell to fleet owners.
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ExMo Chemical Expands PAO Supply
ExxonMobil Chemical on Monday announced availability of an additional 15,000 metric tons per year of high viscosity polyalphaolefins production to help the company meet growing demands for its PAO fluids.
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Bars to Better Russian Lubes
Developing modern base oils, additives and engine lubes, along with adopting Western European oil testing standards, are major goals the Russian oil industry needs to achieve to become more competitive in the global lubricants market, a Russian official said.
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Cognis 3Q Profit Up
Cognis’ Functional Products business unit on Nov. 25 reported operating profit of €19 million (U.S. $28.7 million) in the third quarter, up almost 36 percent from €14 million in 2008’s third quarter.
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U.S. Base Oil Price Report
As December gets underway, demand is steady in the U.S. base oil market, alongside fairly balanced inventory positions, while price ideas are holding firm, buyers and sellers say.
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Europe-MidEast-Africa Base Oil Price Report
Following last week’s rumours of a downward trend on base oil prices, general weakness has been observed in many producing and loading locations within the EMEA region, but very little business has been concluded at lower levels.
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SSY Base Oil Shipping Report
An assortment of international holidays put paid to most activity this week, with just the routes into Asia from the U.S. Gulf and Northwest Europe showing any strength. Most other trade lanes were steady but uninspiring.
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