LNG Publishing Company

Will Beverina

Recent Articles

Huntsman Sells Surfactants Business

Indorama Ventures acquired Huntsman Corp.’s chemical intermediates and surfactants businesses for $2 billion, the companies announced last week. A number of products included in the acquisition can be used to make lubricants and metalworking fluid additives.

Earnings Improve at Cosan, Calumet

Calumet Specialty Products Partners LP reported a smaller net loss and decreased sales for the second quarter, while Cosan’s Moove lubricants segment enjoyed higher revenues and increased sales volume.

Profits Up for Afton, Down for Quaker Chem, Steady for Valvoline

Afton Chemical’s petroleum additives segment posted higher operating profit, while Quaker Chemical and HollyFrontier’s lubricants segment recorded weaker financial results for the quarter ended June 30. Valvoline’s performance was level with the same period of 2018, while Clean Harbors’ Safety-Kleen segment had higher revenues.

Earnings Drop at Milacron, HCC

Milacron reported a dip in operating earnings and sales for its Fluid Technologies segment in the second quarter, and Heritage Crystal-Clean’s oil business segment experienced a decrease in revenues.

EPA Fines California Blender

Commerce, California-based U.S. Lubricants Inc. agreed to pay almost $200,000 in civil penalties under a settlement with the U.S. Environmental Protection Agency for violations of the Clean Water Act at one of its California storage facilities.

Isla Refinery Inches Toward New Operator

Companies have submitted non-binding proposals to manage and operate the sparsely run Isla Refinery in Curacao beginning next year, the owner of the facility announced. A formal timeline for choosing a preferred operator is also set.

Base Oil Capacity Overhang to Shape Market

It’s not an industry secret that the discrepancy between base oil production capacity and finished lubricants demand is growing, and that the current overhang is impacting the market as the bubble waits to burst. Insiders say rationalization within the industry is inevitable.

Natural Gas Engines’ Thirst for Oil to Grow

Demand for engine oil used in natural gas engines is projected to grow over the next few years as governments push for cleaner fuel alternatives, according to a market report by consultancy firm Kline & Co.

Grease Output Up in Asia, Down in China

Lubricating grease production in China appears to have continued its decline in 2018, according to the National Lubricating Grease Institute’s yearly survey, which was released this week. Meanwhile, Japan, India and Pacific and Southeast Asian countries saw increases in their production for the year.

Thirst for Natural Gas Engine Oils Grows

Demand for engine oil used in natural gas engines is projected to grow over the next few years as governments push for cleaner fuel alternatives, according to a market report by consultancy firm Kline & Co.

Sol Shutters Jamaica Distributorship

Sol Petroleum Jamaica Ltd., a subsidiary of a Shell lubricants macro distributor, will shut down its lubricants business effective June 30 after its parent company decided to discontinue operations in the Caribbean island country.

Natural Gas Engines’ Thirst for Oil to Grow

Demand for engine oil used in natural gas engines is projected to grow over the next few years as governments push for cleaner fuel alternatives, according to a market report by consultancy firm Kline & Co.

Ineos Plans PAO Plant in Saudi Arabia

Ineos agreed last week to build a linear alpha olefin plant and a polyalphaolefin plant in Saudi Arabia as part of a larger petrochemical project being developed by Saudi Aramco and Total. The PAO plant would be the first such facility in the Middle East.

New Guide on EALs to be Balloted

A new ASTM International guide developed to help the marine industry determine whether a lubricant is environmentally acceptable will begin the first round of balloting next month, according to industry officials.

SK, Repsol to Expand Cartagena Plant

SK Lubricants and Repsol have decided to expand their joint venture base oil plant in Cartagena, Spain, SK officials confirmed yesterday. The project will increase capacity of the facility by 200,000 metric tons per year, according to SK.

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