NewMarket’s Afton Chemical reported lower operating profit in the fourth quarter but stronger full-year results, while Valvoline posted increases in sales and operating income for its fiscal quarter ending Dec. 31.
LNG Publishing Company
As assistant editor for Lube Report, Will Beverina writes and edits content for Lubes’n’Greases’ three weekly newsletters, while also managing video content and the company’s social media accounts. He joined LNG as editorial assistant in July 2018.
This is Will’s first professional position after graduating from Radford University with a Bachelor’s degree in communication and minor in technical and business writing.
Nynas AB disclosed details and the next steps surrounding the company’s reorganization efforts last week, including an attempt to change its ownership structure to escape sanctions that have undermined its profitability for over two years.
Amalie Oil Co. and the plaintiffs of a class action lawsuit against the company have asked a Florida circuit court to grant final approval on a settlement agreed upon by the two sides late last year, according to the Independent Lubricant Manufacturers Association. Amalie is an ILMA member.
Calumet Specialty Products Partners will undertake a slew of initiatives to lift its lubricating oils and finished lubricants business as part of an overall strategy to bolster the company’s profitability this year, it announced on Tuesday.
Infineum has signed a letter of intent to add a second phase to its lubricant additive plant in Zhangjiagang, Jiangsu province, China, expanding a facility that first began production in 2016.
Nynas AB regained access to its bank accounts and will pay off expenses incurred during the past month, taking a step toward recovering from financial troubles that led the company to file for reorganization protection in December, it announced last week.
Specialty chemicals manufacturer Vertellus acquired Denham Springs, Louisiana-based Bercen Chemicals, a lubricant additives and alkyl succinic anhydrides manufacturer, the company announced last month.
The International Maritime Organization’s IMO 2020 regulation was implemented at the start of the year, heralding big changes in the fuels used by ship operators and the lubricants that protect their engines.
Chevron and Casablanca, Morocco-based energy company Akwa Group reached an agreement to create an African lubes hub in Morocco, the companies announced late last month.
Base stocks were the hot topic of 2019 in Europe, the Middle East and Africa, from expanded production capacity to industry-changing regulations to sanctions with global ripple effects.
Refineria di Korsou – the Curacao government entity that owns the Isla Refinery – announced an agreement last week for industrial commodities conglomerate Klesch Group to operate the facility, which includes a base oil plant.
Nynas AB, one of the world’s largest suppliers of naphthenic base stocks, filed for reorganization protection in a Swedish court today after banks refused to extend its loans.
Nynas AB, one of the world’s largest suppliers of naphthenic base stocks, filed for reorganization protection in a Swedish court Friday after banks refused to extend its loans.
The Fuchs Group acquired half the shares of three separate African lubricant distributors to strengthen its presence in the continent’s Sub-Saharan region, the company announced last week.
Petroleos de Venezuela S.A. agreed to a short-term lease extension with Refineria di Korsou – the Curacao government entity that owns the Isla Refinery – to operate the facility into 2020 as the latter negotiates with a preferred bidder to take over operations, according to a recent news report.