Terminal Fate for Shell Refinery
Shell on Thursday said it will convert its 130,000 barrels per day Montreal East refinery to a terminal to receive gasoline, diesel and aviation fuels, to be distributed via its nearby Montreal terminal. The refinery includes a base oil plant with 2,700 barrels per day API Group I capacity.
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Scot Expands Space, Services
Scot Lubricants plans to renovate and move into a $2.6 million, 202,000-square-foot facility in Northampton, Pa. later this year, expanding its blending, terminaling and packaging operations.
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Nigeria’s Ban Boosts Local Blenders
Nigerian officials said they plan to enforce a ban that began Jan. 1 on retail sales of lubricants from bulk tanks in all outlets across the country, aiming to outlaw sales of substandard and counterfeit products to unsuspecting end users.
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German Lube Blender Grows
Rowe Mineralölwerk GmbH is expanding its lubricants blending production capacity from 25,000 to 60,000 metric tons per year, saying it grew by 12 percent while German lube demand fell 25 percent last year.
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WD-40 Earnings Rise on Lower Sales
WD-40 on Monday reported $9.4 million net income for its first quarter ending Nov. 30, up 22 percent compared to the year-ago period, on net sales of $78 million, down 7 percent.
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Briefly Noted
Pamela R. Butcher was appointed president and chief
operating officer of Cincinnati, Ohio-based Pilot Chemical, after 29 years with Dow Chemical … Albemarle of Baton Rouge, La., last week announced start-up of a new unit with 15,000 metric tons per year capacity to produce polyalphaolefins for ExxonMobil Chemical… Dusseldorf, Germany’s specialty chemicals supplier Cognis
opened an affiliate in Selangor, Malaysia on Jan. 1.
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U.S. Base Oil Price Report
Pointing to a continued build in operating costs, a slew of U.S. paraffinic base oil producers stepped out with price hike announcements, ranging from 5 cents to 35 cents per gallon.
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Europe-MidEast-Africa Base Oil Price Report
The EMEA base oil market has been awoken by a soft bang: whilst producers are expecting to increase price levels, nothing concrete has taken place as yet.
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SSY Base Oil Shipping Report
It has been an encouraging start to the year across many routes globally, bucking the usual turgid showing. Demand is surprisingly high in most regions, perhaps as a consequence of rising crude oil prices.
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