GM Pegs Engine Tests at $50M
General Motors has designed its Dexos licensing program to generate $35 million to $40 million required to develop up to seven new engine tests by 2014, plus up to $13 million per year for specification development, test maintenance and monitoring, end-user and installer education and quality monitoring in the marketplace.
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PQIA Piques Interest, Anxiety
Tom Glenn has launched an independent oil-quality testing program, the Petroleum Quality Institute of America, and independent blenders are abuzz.
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Bringing Russia’s Base Oil Up to Speed
Russia's base oil industry must embrace the latest refining technologies and increase operational performance to help turn around its general slowdown in base oil production, speakers said at a refining conference in Moscow last month.
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Turnaround at Porvoo
Neste Oil last week started a planned maintenance turnaround at its Porvoo, Finland, refinery, which includes a base oil plant with 4,670 barrels per day of API Group III capacity.
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WD-40 Earnings, Sales Rebound
WD-40 Co. recorded $10.7 million in net income for its second quarter ending Feb. 28, up 161.5 percent from the year-ago quarter.
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Corrugated: Good and Good for You
The ubiquitous paper box, properly called corrugated or fiberboard, provides a renewable and socially responsible shipping container and store display for motor oil, brake and transmission fluids and greases.
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Briefly Noted
Qatar National
Facilities Services, co-owned by Irving, Texas-based Fluor, signed a long-term maintenance and services contract with Qatar Shell Gas-to-Liquids for its
Pearl GTL project in Ras Laffan, Qatar… US-Parts
Finn-Am Oy extended its distributorship agreement with Gulf Oil International five years, covering Finland, Estonia,
Latvia and Lithuania… Pugh Lubricants of
Asheboro, N.C, now markets Safety-Kleen’s
EcoPower rerefined motor oil to automotive service centers, dealerships and
fleets in North and South Carolina and Virginia.
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U.S. Base Oil Price Report
Flint Hills Resources issued a fresh price announcement, adding 20 cents per gallon to all grades. Whether other U.S. producers follow suit remains to be seen, but a number of players anticipate a full round of hikes will materialize in coming weeks given rising, albeit somewhat unpredictable, upstream costs.
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Europe-MidEast-Africa Base Oil Price Report
Limited availabilities of almost all grades characterized the EMEA base oil market this week. Buyers are finding difficulty laying hands on prompt material, particularly at prices they deem acceptable.
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SSY Base Oil Shipping Report
Adrian Brown is away this week.
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