Brazil to Get Group II
Chemical Engineering Partners will build an API Group II rerefinery for Brazilian used oil collector and rerefiner Lwart Group.
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Pirates Nab Lube Oil Tanker
Somali pirates hijacked a tanker carrying lubricating oil July 4 in the southern Red Sea. The Philippine government last week indicated the ship’s Filipino crew was safe and that the ship’s owner was negotiating their release.
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Indianapolis Lands Rerefinery
Heritage-Crystal Clean plans to build its new 2,000 barrels per day API Group II base oil rerefinery in Indianapolis adjacent to its existing operations. Production will begin in mid 2012.
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Blending Plant Planned in Serbia
Italy's Dytech Fluid Technologies plans to build a lubricants blending plant in Nis, a town in southern Serbia.
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WD-40 Earnings, Sales Spike
WD-40’s net income reached $9.1 million for its third quarter ending May 31, up 32.2 percent from the same quarter in 2009.
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Chrysler Issues Recall Over Fluid Leak
In August, Chrysler will recall up to 22,379 model year 2010 Jeep Liberty and Wrangler, Dodge Nitro and Ram 1500 vehicles because a brake tube issue could lead to a brake fluid leak.
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U.S. Base Oil Price Report
Paraffinic posted prices are unchanged, and yet another week has passed without an increase attempt from API Group II producers. On the naphthenic side, Ergon announced an increase of 20 cents per gallon.
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Europe-MidEast-Africa Base Oil Prices
EMEA’s base oil market continues to be driven by short supply of all types of material, in addition to demand which has suddenly enveloped the market. Producers are allocating supplies, almost no large spot sales are reported, and prices are rising.
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SSY Base Oil Shipping Report
The U.S. Gulf is fairly lifeless apart from the transatlantic trades. Europe is struggling with massive oversupply of tonnage in most directions, while Asia continues in a fairly buoyant mood.
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Editor's Note: LNG Sourcebook Is Here
LNG’s completely updated 2010-2011 Lubricants Industry Sourcebook is now posted online. See www.LNGSourcebook.com for new customers, suppliers, brands, contacts.
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