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.
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.
Master Fluid Solutions opened a metalworking fluids production facility outside of Istanbul in Tulza, mainly serving the aerospace and defense industries, the company announced last month.
Turkish waste oil collector Tayras announced that it is building an API Group II rerefinery with enough capacity to process 20 percent of the used lubricants that the country generates. The company claims it will be the country’s first rerefinery.
An American Trucking Association study group has undertaken efforts to understand the effects of electrification on specifications and maintenance of vocational trucks, with a goal of recommending whether fleet owners should switch to electric vehicles and best practices for doing so.
Calumet Specialty Products Partners, Cosan’s Moove lubricants segment and Quaker Chemical each reported net losses, while Milacron’s Fluid Technologies segment posted a loss in operating earnings for the third quarter. Valvoline’s operating income from its three segments increased year-over-year for the quarter ending Sept. 30.
Clean Harbors’ Safety-Kleen segment posted an uptick in revenue and waste oil collection, while HollyFrontier’s lubricants and specialty products segment posted mixed results for the quarter ending Sept. 30.
Shell was the largest North American lubricants supplier in 2018, beating out ExxonMobil and Chevron, according to consultancy Kline & Co., which also predicts North American finished lube sales will stay flat in the near future.
From chainsaw blades to the elevator in the Statue of Liberty, soybean oil is on its way up as a viable alternative to mineral oil. New technology is giving it a boost.
The Fuchs Group acquired American synthetic lubricants blender Nye Lubricants Inc., the companies announced on Monday, expanding Fuchs’ specialty lubricants product portfolio.
Global finished lubricant demand isn’t keeping up with expanding base oil supply, threatening the cash margins of mineral base oil producers, officials at Kline & Co. said in a webinar last week.
The types of metals used in wide ranges of products have evolved in recent years, trending toward greater use of alloys and new kinds of alloys, and this creates challenges in the formulation of metalworking fluids.
Lubricant and grease production plants can improve efficiency and profitability by digitalizing their operations, an industry insider said at a conference in Chicago this month.
API Group II base oil has overtaken Group I in terms of global production capacity and will likely continue to distance itself in coming years, but Group I oils still offer unique properties that will keep them relevant, an industry insider said at a conference in Chicago last week.
Timken Co. reached an agreement to acquire Pegnitz, Germany-based automatic lubrication system supplier Beka Lubrication for approximately $165 million, the company announced this week.
MFG Chemical recently announced manufacturing upgrades at its facilities in Dalton, Georgia, that make surfactants, esters and derivative amines, and the company has an eye set on further growth.