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Lanxess Absorbs Chemtura for $2.5B

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Lanxess AG plans to form a new performance additives segment and become a bigger player in industrial lubricant additives after the closing of its $2.5 billion all-cash acquisition of Chemtura that was announced Monday. Read More

U.S. Base Oil Output Dips

U.S. base oil refiners eased off a bit in the first six months of 2016, manufacturing 29.1 million barrels from January to June. That’s 8 percent less than the same period in 2015, the latest federal data shows. Read More

Lukoil Posted Strong January-June Results

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Russian lube maker Lukoil said its finished lubricant and grease sales rose 15 percent in this year’s January-June period, primarily driven by increased sales of high-margin products and increased number of international approvals in its product portfolio. Read More

Briefly Noted

Brenntag – which acquired mega-distributors J.A.M. Distributing in Texas and G.H. Berlin-Windward in New Hampshire in late 2015 – agreed to acquire lubricants and fuels distributor Mayes County Petroleum Products Inc. in Pryor, Oklahoma.  American Refining Group broke ground this month on a $3 million, 6,400-square-foot quality control lab that will replace the main quality control lab at its refinery’s blending plant in Bradford, Pennsylvania. The main quality control lab provides many services, including inspection of incoming raw materials used to blend branded lubes and analysis of both blended and packaged lubricants.