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Monday, March 12, 2018VOLUME 14 ISSUE 11
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ExxonMobil Outlines Aggressive Growth Plans to More Than Double Earnings

ExxonMobil last Wednesday outlined aggressive plans to more than double earnings by 2025 to $31 billion from last year’s adjusted profit of $15 billion. Its downstream business is projected to double earnings by upgrading its product slate at refineries in Baytown and Beaumont in Texas and Baton Rouge, Louisiana, Rotterdam, Antwerp, Singapore, and Fawley in the UK.

Asian Lubricant Manufacturers Union Launched

Last Tuesday, the Asian Lubricant Manufacturers Union officially launched with the inaugural meeting of its general membership in Macao, Southern China. The ALMU is an Asia-wide organization representing the combined knowledge and expertise of lubricant manufacturers throughout East Asia, South Asia, Southeast Asia and Oceania regions.


Calumet Posts Improved 4Q and FY 2017 Earnings; FUCHS PETROLUB Posts Record FY 2017 Revenues

Calumet reported adjusted EBITDA of $60.1 million for the fourth quarter 2017, a significant improvement compared to $27.7 million in the fourth quarter of 2016. FUCHS reported revenues for 2017 increased by 9% or EUR 206 million to a new record of EUR 2.5 billion. FUCHS posted EUR 269 million in earnings after tax for 2017, up 3.5 percent from 2016.


Valvoline Launches Premium Blue One Solution™ "Universal" NGEO, HDDEO and Gasoline HD Engine Oil

Valvoline last Wednesday introduced Valvoline™ Premium Blue One Solution™ 9200, a "universal" fleet engine oil approved for use in natural gas, API CK-4 diesel and API SN gas fleet engines. It meets the new Cummins CES 20092 natural gas engine spec, CES 20086, CES 20085, Mack EOS-4.5, Volvo VDS-4.5, and Detroit Diesel DFS 93K222 specs.


Round 2 of Finished Lube Price Increases Continue

Last week, Allegheny Petroleum, Chemlube, Advanced Lubrication Specialties and Sunoco announced finished lubricant price increases in the range of 4% to 9%.  The previous week, Cam2 International, Smitty's Supply and Pinnacle Oil announced finished lubricant price increases in the range of  4% and 10%.


UPS To Deploy First Electric Truck To Rival Cost Of Conventional Fuel Vehicles

UPS announced it plans to deploy 50 plug-in electric delivery trucks that will provide nearly 400% fuel efficiency improvement and be comparable in acquisition cost to conventional-fueled trucks without any subsidies – an industry first. The company is collaborating with Workhorse Group to design the vehicles from the ground up, with zero tailpipe emissions.


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