The government of Ecuador aims for the country to recycle 100 percent of its used lubricants and has vowed to guarantee new investments to permit installation of processing plants under a Ministry of the Environment agreement signed earlier this month.
The Federal Trade Commission rejected recycled oil rule changes suggested by rerefiner Avista Oil - to specify that base oil produced through rerefining is of equal or better quality than virgin base oil - and by the American Petroleum Institute, which sought more precise definitions for recycled oil and related manufacturing and marketing terms.
Chile enacted a law last week that aims to recycle used lubricants by giving producers and end-users responsibilities to help recover waste oils. One industry insider said it will clear up ambiguous language in previous recycling rules.
A group of American researchers claimed last month to have developed a catalyst that effectively recycles plastic grocery bags into lubricating oil and wax.
Heritage-Crystal Cleans oil business segment and Milacrons Fluid Technologies segment each reported increases in revenue, and Quaker Chemical posted increases in net sales and net income.
Clean Harbors announced on Monday that its Safety-Kleen subsidiary and all of its waste oil collection businesses will raise prices related to collection of used engine and industrial oils, citing impacts from the IMO 2020 regulations went into full effect March 1.
Tensile Capital Management LLC formed a joint venture with Vertex Energy Inc., agreeing to inject capital that will accelerate development of Vertexs Columbus, Ohio, rerefinery and help fund a pilot program at an idled site in Belle Chase, Louisiana.
Milacron reported a dip in operating earnings and sales for its Fluid Technologies segment in the second quarter, and Heritage Crystal-Cleans oil business segment experienced a decrease in revenues.
Transformer oil rerefiner Hydrodec Group posted its first positive full-year profits in the groups history for 2017, and its revenues were up 6 percent from 2016, according to its pre-close trading update issued Monday.
Clean Harbors Safety-Kleen segment posted an uptick in revenue and waste oil collection, while HollyFrontiers lubricants and specialty products segment posted mixed results for the quarter ending Sept. 30.
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