Warren Distribution completed and commissioned its fourth blending plant, located in Houston, with initial blending capacity of 8 million gallons, which can be scaled up to 20 million gallons with additional infrastructure investment.The private label blender cited Texas' explosive growth in business and population as a key factor.
LNG Publishing Company
Senior Editor, Lube Report
Office: +1 (703) 536-0800
George Gill is Lube Report senior editor, joining LNG in 2006. He is responsible for weekly production of the firm’s popular newsletter; he reports and writes news articles and edits stories and columns. He also contributes feature articles for the firm’s monthly magazines.
Prior to LNG, Gill was business editor at the Loudoun Times-Mirror, a weekly newspaper in Leesburg, Va. He wrote business features and news articles, and oversaw production of the newspaper’s business section. Gill holds a BA in English from George Mason University.
Studies by Spain on 2-ethylhexanoic acid – a carboxylic acid used to make synthetic esters – found no adverse effects concerning reproduction at the highest dose tested, which means the chemical is no longer under consideration for additional classification by the European Chemicals Agency.
WD-40 reported net income of $14.8 million for the quarter ending Feb. 28, up 19.4 percent from the year-earlier period, with net sales up 5 percent at $101.3 million.
Calumet Specialty Product Partners L.P. reported a $64.9 million net loss for 2017’s fourth quarter, smaller than the $79.6 million net loss in 2016’s fourth quarter. For the full year the company’s net loss shrank to $85.1 million, compared to a $328.6 million net loss for 2016.
Fuchs Petrolub SE acquired Dallas, Texas-based wireless sensor technology company Fluid Vision Technologies LLC for less than €1 million (U.S. $1.2 million) so it could offer automated process fluid condition monitoring.
The European Union’s energy demand is projected to decline by 11 percent by 2040, Africa’s energy consumption is expected to jump by 128 percent, and the Middle East’s energy consumption will grow 54 percent, according to the 2018 BP Energy Outlook.
Clean Harbors’ Safety-Kleen segment and Heritage-Crystal Clean’s oil business segment each reported higher revenue for the fourth quarter and full year 2017, while lubricant supplier Quaker Chemical posted a net loss for the fourth quarter and a steep decrease in net income for the full year.
Fuchs Petrolub SE and the naphthenic business unit of Nynas reported increased profits and sales for 2017.
“Green” lubricants, though slow to take root, are sprouting faster than old-growth mineral oils in an otherwise flat global market.
Cincinnati-based Milacron Holding Corp.’s Fluid Technologies segment posted operating earnings of $5.9 million for the fourth quarter, up 40.5 percent from $4.2 million in 2016’s fourth quarter.
Although oil is expected to remain the top energy source in the Americas out to 2040, there will be gains by natural gas and renewables, some of which will about double from small bases, according to the 2018 edition of ExxonMobil’s global energy outlook.
ExxonMobil invested in a startup company offering on-demand fuel delivery and mobile vehicle car care service – including oil changes – to help carve out a new sales channel for its products.
U.S. lubricant distributor consolidation continued as Tennessee-based Parman Energy Group announced an agreement to buy the Chevron-branded lubes business of Lube-Tech & Partners, which will continue to be a lubricant distributor in the upper Midwest.
United Kingdom-based transformer oil rerefiner Hydrodec Group posted its first positive full-year profits in the group’s history for 2017, and its revenues were up 6 percent from 2016, according to its pre-close trading update issued Monday.
Europe’s top energy source is projected to remain oil through 2040, while biomass and waste will continue to lead in Africa, and natural gas will provide a larger share of energy in the Middle East, according to the 2018 edition of ExxonMobil’s global energy outlook.