The European Union is working on a revision of its Ecolabel standard for lubricants. Regulators say the proposed changes will strengthen protections for the environment while also encouraging the development of more environmentally benign products.
LNG Publishing Company
Tim Sullivan is managing editor of Lube Report Asia, responsible for developing and managing the content and production of the company’s latest publication. He joined LNG in 2000 as an assistant editor and subsequently helped launch Lube Report and Lubes’n’Greases Europe-Middle East-Africa.
Before joining LNG, Sullivan was a reporter with the Northern Virginia Daily newspaper in Strasburg, Va., responsible for business and regional news coverage. He holds a BA degree from Hope College in Holland, Mich.
HollyFrontier Corp. announced yesterday a deal to buy Red Giant Oil Co., an Iowa company that claims to be one of the country’s largest suppliers of locomotive engine oils.
Fuchs Petrolub SE agreed last week to buy a majority stake in a Chilean lubricant distributorship, forming a joint venture that aims to expand its sales in the South American country.
Profits at Gulf Oil Lubricants India Ltd. have more than doubled in the past three years, thanks in part to the development of a broad, multi-tiered sales network, officials said in an investors presentation last month.
Bain Capital Private Equity announced an agreement last week to buy Italmatch Chemicals S.p.A., a lubricant additive supplier that has been on its own acquisition tear.
The EU’s Ecolabel standard for lubricants is being updated. While it has raised some concerns among those in the lubricants industry, its aim to protect the environment is on course.
Lubricating grease production in Europe increased 8 percent in 2017, according to the National Lubricating Grease Institute’s annual production survey, which was released last week. Production in Europe shifted toward products made with calcium soap thickeners and polyurea greases, while output in Africa also shifted toward calcium soaps.
In an unusually harsh attack between lube industry giants, Shell claimed last week that a sample of ExxonMobil heavy-duty diesel engine oil failed to pass a test for oxidation stability and therefore did not comply with industry standards that it was promoted as meeting.
Last month's annual meeting of the Society of Tribologists and Lubrication Engineers featured hundreds of technical sessions where presenters talked about their latest research. One session differed by offering attendees a chance to brainstorm about problems facing the industry.
Private investment firm SK Capital Partners agreed to acquire Schenectady, New York-based SI Group, a global developer and manufacturer of performance additives and intermediates, for an undisclosed amount.
The lubricant industry’s largest trade conference kicked off this week in Minneapolis at the 73rd annual meeting and exhibition of the Society of Tribologists and Lubrication Engineers. More than 1,500 representatives of lube producers and their suppliers, equipment makers, end users and researchers gathered to check in on the latest developments in the field.
In a deal that would strengthen ties between two of the world’s largest lithium suppliers, Nutrien Ltd. agreed last week to sell a 24-percent stake in Chile’s SQM to Tianqi Lithium Corp.
Shell and one of its lubricant distributors recently opened a terminal and supply hub in northern Nevada dedicated to serving mining companies in the area. Sources said such facilities help cope with the long distances and large lubricant demands that the industry faces.
Shell announced yesterday that it agreed to sell its downstream business in Argentina to Raizen, a 50-50 joint venture with Brazilian sugar producer Cosan. The business is reportedly one of the three largest lubricant suppliers in the Argentinian market.
For the past few decades, Asia-Pacific refiners have played key roles as merchant suppliers of highly refined base stocks for lubricant markets around the world, but analysts from one company say that business is coming under pressure because of new capacity in other regions.