Valvoline Invests in India
Ashland is building a packaging and blending plant for Valvoline automotive, industrial and heavy-duty lubricants on a 10-acre site in India, with initial production capacity of 100 million liters per year.
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Russia’s Base Oil Flows East
India and China have become the most important base oil markets, with Russia growing into a crucial supplier for the region, industry observers told a World Refining Association conference in Moscow last month.
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Afton Posts Strong Results
Afton Chemical, NewMarket’s petroleum additives segment, reported $70.4 million in operating profit for the quarter ending March 31, up 41 percent from $50.1 million in 2009’s first quarter.
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Sales Rise, Profits Fall at Ashland
Sales and operating income rose at Ashland and its Valvoline business segment in the quarter ending March 31, compared to the year-ago quarter, but the company's profits dipped 54 percent.
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Nitrites + Amines = Bad News
Metalworking fluid manufacturers and marketers need to check with their steel drum suppliers, to be sure they are not using sodium nitrite as a final rinse to prevent rust. Nitrites in the rust inhibitor can react with secondary amines in metalworking fluids, forming carcinogenic nitrosamines.
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Firm Fined for Compressor Oil Leaks
Pennsylvania assessed a $22,000 penalty against a natural gas storage firm over two industrial lubricants discharges at a compressor station in August and October 2009.
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U.S. Base Oil Price Report
News of posted price increases of up to 50 cents per gallon flooded the U.S. base oil market during the past week. ConocoPhillips, ExxonMobil, Motiva, SK, Calumet,Holly and Valero stepped out with plans to push up postings.
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Europe-MidEast-Africa Base Oil Price Report
There is no excess of material being produced and hence available for sale in the EMEA base oil market. At the same time buyers are relaxed, believing that prices are not going to move much further upwards, if at all.
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SSY Base Oil Shipping Report
The general mood in the shipping market is that demand for space is shrinking and the surplus of vessels is causing rates to weaken. This is apparent in the Americas and to a lesser extent in Europe. Asia is stable so far.
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