Volume 17 Issue 21
SSY Base Oil Shipping Report
May 24, 2017Adrian Brown is away. His column will appear again in next week’s issue.
Clariant, Huntsman Agree to Merge
May 24, 2017Two chemical specialty giants – Clariant and Huntsman Corp. – have reached a definitive agreement to merge, the companies announced Monday. The all-stock transaction, which was unanimously approved by their boards of directors, is set to be completed by the end of this year following regulatory approvals. The combined company, HuntsmanClariant, would have a market value of roughly $20 billion, with combined sales of $13.2 billion and adjusted earnings of $2.3 billion, before interest...
Lukoils Eastern European Lube Business Grew in 2016
May 24, 2017Lukoils lubricant branch in Eastern Europe posted improved sales results, and the company continues to expand its global reach. Ploiesti, Romania-based Lukoil Lubricants East Europe is a regional subsidiary of LLK International, lube arm of Russian oil major Lukoil. LLKs Central and Western Europe production and distribution is covered by the Vienna-based subsidiary, Lukoil Lubricants Europe. Maxim Donde, LLKs general director, said in Ploiesti recently that the company has worked to secure glob...
Canton Fuels Hydrodec Rebound
May 24, 2017Transformer oil rerefiner Hydrodec posted a $7.8 million loss for 2016 – including losses associated with its United Kingdom recycling operations that the company disposed of in March 2016 – an improvement from a $31.1 million loss for 2016. Revenues for the year from the companys continuing core rerefining business reached $16.8 million for the year, up 104 percent from $8.2 million. That reflected the full recommissioning of its plant in Canton, Ohio, and ongoing refinements to ope...
Russian Coolants Maker Expands in Lubes
May 24, 2017While most of Russian manufacturer Obninskorgsintezs production consists of antifreeze and car cleaning products, its growing lubricants business is now ranked one of the top five in Russia. The 325,000 tons of fluid products that the company made in 2016 included about 220,000 tons of antifreeze and car cleaning products. However, the company is growing its lubricants business. In 2016 it produced 105,000 tons of lubricants, up from 82,000 tons produced in 2015. Created in 1999, the company is ...
Lubrizol Changes Senior Management
May 24, 2017Lubrizol Corp. will make several changes to its senior corporate management, effective June 1. Bob Graf, vice president of research and development, will assume the newly created position of vice president of data science and analytics. Julie Edgar will take over Grafs role, and will also serve as chief sustainability officer. The company also named Tesham Gor vice president for corporate strategy and consumer insights. In addition, vice president for engine oils Tom Curtis will be appointed senior vice president and president of Lubrizol Additives, effective Nov. 1. He replaces Dan Sheets, who will retire at the end of this year after 33 years with the Wickliffe, Ohio-based company.
Briefly Noted
May 24, 2017PetroChoice opened a distribution center in Lamesa, Texas, to serve western Texas and eastern New Mexico. Take 5 Oil Change acquired Burlington, Kentucky-based QuikStop Oilube, which has four locations in Ohio, five in Kentucky and one in Indiana.