Waste Mishandling Costs Walmart Millions
Walmart recently reached a $27.6 million settlement with state and local authorities in California over improper handling and dumping of hazardous waste, including motor oil, at stores and facilities throughout the state.
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SK Thinks Big in China
SK Lubricants plans to begin building a lubricant blending plant with 80,000 metric tons per year capacity in Tianjin, China, this month with completion expected in December 2011.
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Will China Dump Furfural?
The European Commission may extend an anti-dumping fee on furfuraldehyde imports from China to address producer concerns that dropping the levy would swamp the EU market with lower-cost imports of the solvent, which is used in lubricant base oil production.
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1Q Bright for SK, Tough for Calumet
Calumet Specialty Products reported increased revenue but a net loss for the quarter ending March 31, while SK Lubricants posted rises in operating income and sales, compared to year-earlier results.
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Drivers Flunk Car Care
Vehicle inspections done for an aftermarket automotive group found consumers falling behind on maintaining fluids, including engine oils, coolants, transmission fluids and brake fluids.
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Briefly Noted
Plano, Texas-based Safety-Kleen named Curt Knapp, who developed its EcoPower recycled motor oil program, vice president of oil sales, succeeding Mike Sommer... Sea-Land Chemical of Westlake, Ohio, will distribute Dow Microbial Control’s Kathon biocides in the United States… Lubrizol Senior Vice President and COO Stephen F. Kirk will receive the Distinguished Eagle Scout Award from the National Eagle Scout Service May 21.
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U.S. Base Oil Price Report
Base oil producers Chevron, Holly, ConocoPhillips, Valero and SK announced they are upping their U.S. paraffinic postings by 15 cents to 30 cents per gallon this week, while Ergon will raise its naphthenic and paraffinic prices 20 cents to 30 cents/gal early next week.
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Europe-MidEast-Africa Base Oil Price Report
It’s a particularly difficult week to assemble prices for base oils in the EMEA regions. Producers have very little oil for May sales or loading, and many outlets have already fully committed their June production, leaving little base oil for sale in the short term.
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SSY Base Oil Shipping Report
There is very little happening out of the Americas just now, and space is freely available. European coastal markets are satisfactory, but exports are flat. Asian trade lanes are stable, though not as tight as before.
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