Home September 13, 2017

September 13, 2017

Volume 17 Issue 37

U.S. Base Oil Price Report

Base oil market participants continued to follow the repercussions of Hurricane Harvey with concern, as a large base oil producer has declared force majeure on base oil supply, and also watched Hurricane Irma as it pounded on islands in the Caribbean and the southeastern United States.Sources indicated that Motiva had declared force majeure on all of its API Group...

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and African are being pushed and pulled by a variety of factors this week, including crude oil prices that are rising in Europe but flat in the United States, North American hurricanes and Asian typhoons, and geo-political conflicts in Korea, Myanmar, Syria and Iraq.These issues affect a wide range of markets,...

SSY Base Oil Shipping Report

U.S. markets are slowly coming back up after Hurricane Harvey, but there is still a lot of uncertainty. Europe has been very slow over the past week, but Asian markets continue to strengthen.U.S. GulfThere have been many cancellations of previously-fixed voyages to Asia, but now some of these are starting to revive. Prior to Harvey, there had been minimal...

Motiva Declares Force Majeure

Motiva declared force majeure yesterday on base oils produced at its plant in Port Arthur, Texas, indicating that deliveries of all grades will be disrupted due to damage from Hurricane Harvey.In a letter to customers, a copy of which Lube Report obtained, the company advised that the 40,300 barrel per day plant and associated logistics systems were directly affected...

Mendeleev Will Rerefine in 2018

Russias historic Mendeleev fuel refinery and lubricant plant resumed operations last month after a two-year production halt, and the embattled enterprise said it has bold plans for the future, including rerefining.Oleg Krasnonos, general director of Konstantinovsky, Yaroslavl region-based Mendeleev refinery, said that the refinery is getting ready to produce rerefined base oils and to restart its finished lubricant production...

Global Lube Demand Projected as Flat

Global lubricant demand is expected to increase at a compound annual rate of less than 1 percent, to 41 million metric tons by 2021, according to consultancy Kline & Co., with the continued shift to synthetics both suppressing volumetric growth and boosting revenues in some countries.Kline estimated global finished lubricant demand at 39.6 million tons in 2016, including process...

Amalie Oil, ESL Teknologies Partner

ESL Technologies was founded in 2009 to develop lubricant technologies. Repositioned as a sales and marketing business since 2015, ESL Teknologies signed an agreement announced Thursday to distribute Spectrol-branded lubricants in the United States for blender Amalie Oil.ESLT also received a capital infusion in 2017. We recapitalized internally, as we wanted to minimize the learning curve challenges of new...

Briefly Noted

Eastman Chemical Co. completed expansion of its dimethylaminopropylamine (DMAPA) and alkyl alkanolamine capacity, including diethyaminoethanol (DEADE/DEEA), at its manufacturing facility in St. Gabriela, Louisiana. DMAPA is used primarily to make surfactants, and alkyl alkanolamines boost performance and extend fluid life for metalworking fluids, such as emulsion lubricants. Valvoline signed eight new development agreements with seven of its largest Valvoline...
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