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December 12, 2018

Volume 1 Issue 51

Mexico on Verge of Change

Mexico’s ongoing changes – including a new president and a revised Free Trade Agreement with the United States and Canada – will shape its economic future, with possible ramifications for its lubricant and base oil markets, an industry insider said at the ICIS Pan American Base Oils & Lubricants Conference. read more

EV Sales Growing Fast; U.S. Near Top

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Global electric vehicle sales are growing rapidly from a small base but are concentrated to date in a handful of countries, including the United States, China, several European nations and Japan, according to a new report from Lubes’n’Greases about EVs and their impact on lube markets. read more

Renewable Lubricants Enters Canada

Renewable Lubricants Inc. has entered Canada through the formation of a wholly owned subsidiary based in Ontario. The subsidiary will service the country’s emerging biobased lubricants market. read more

Briefly Noted

Oxea will increase off-list prices effective Jan. 1 by 3 cents per pound in North America and Mexico, and by $66 per metric ton in South America for heptanoic acid; and by 4 cents/lb in North America and Mexico and $88/t in South America for isononanoic acid.  Ineos Enterprises completed the acquisition of the chemical intermediates business of Flint Hills Resources on Dec. 1, including an intermediates production facility near Chicago, Illinois. The business manufactures maleic anhydride that is used in a number of industries, including lubricant additives, where it serves as a primary component in dispersants.