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.
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Katie joined LNG Publishing in December 2016 as an Editorial Assistant to Lube Report and Lube Report Asia. In May 2016, she received a B.A. in Sociology and a B.A. in Political Science from the College of William and Mary, where she wrote for the school newspaper and for a nonpartisan online publication in addition to running public relations for her a capella group and social media as an intern for the Human Performance Resource Center.
Chevron Lubricants Vietnam has completed the expansion of its Hai Phong, Vietnam, blending plant, a $5 million project that more than doubles the facility’s previous capacity. The company did not disclose the plant’s new capacity.
Demand for lubricant antioxidants in the United States is expected to grow 1.5 percent per year to 194.9 million pounds by 2022, according to a study recently published by The Freedonia Group. Last year domestic demand for antioxidants in lubricant applications was roughly 180 million pounds.
The ongoing trade war between the United States and China has left the lubricant industry in the crossfire, and some market players are shifting their practices in an effort to mitigate financial burdens caused by the increased tariffs.
Afton Chemical Co. and Milacron Holding Corp. each reported healthy increases in sales, but Afton posted a lower operating profit, for the third quarter ending Sept. 30.
Global demand for synthetic base stocks is predicted to increase at a compound annual rate of roughly 6 percent through 2022, due to increasing demand for higher quality finished lubes, an industry consultant said last week. Kline & Co. predicts the rate of growth will be fastest in the Asia-Pacific region.
Katie Kellenberger sounds the warning bell over looming sulfur regulations and economic viability at sea.
European demand for lubricants may be flat, but the region’s demand for synthetic base stocks is forecast to rise at roughly 4 percent per year through 2022, thanks to increasing demand for higher quality finished lubes, an industry consultant said last week.
U.S. lubricants demand – estimated at 2.5 billion gallons in 2017 – will remain stable through 2022 as shrinking demand for consumer lubes is offset by demand growth for industrial and commercial automotive products, according to forecasts of a market research and consulting firm.
Uncertainty looms over the future of marine lubricants as the shipping industry looks to cut costs and regulations come to fruition requiring formulation changes, said an industry insider at a conference held in early August.
Univar Inc. agreed last week to acquire Nexeo Solutions Inc. in a $2 billion deal uniting giant global chemical distributors that supply wide varieties of ingredients to the lubricants industry. The transaction is expected to close during the first half of 2019.
Tianhe Chemical Group’s lubricant additive business recorded significant drops in profit, revenue and gross profit during the six months ending June 30, due to decreased demand from major consumers.
North America’s lubricant market is expected to inch up from 2.9 billion gallons in 2017 to 3 billion gallons by 2020, with industrial oils continuing to constitute the largest share, according to consultancy Kline & Co. Government policies, including potential changes to the North American Free Trade Agreement and new environmental rules in the United States, should spur growth in some cases and tamp down demand in others.
API Group II base oils are gradually gaining popularity in India and are expected to nudge aside Group I as the dominant grade by 2030, an industry insider told attendees at a conference held last month in Mumbai.
Specialty chemicals company Lanxess is doubling its production of multifunctional dimercaptothiadiazole derivative lubricant additives by adding a production line to its Mannheim, Germany, facility, the company announced last week.