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Vertex Sells Nevada Rerefinery

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Clean Harbors acquired Vertex Energy’s rerefinery in Fallon, Nevada, for $35 million to boost plans to increase its rerefining presence in California and other West Coast lubricant markets. Read More

Construction Nears for Kazakh Lubes Plant

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Russian oil major Lukoil will break ground on its new blending plant in Kazakhstan in the spring of 2016. The 100,000 metric tons per year capacity blending plant is expected to start production by 2018. Read More

Dollar Shortage Chokes Nigeria Base Oil Imports

A shortage of United States dollars in Nigeria has discouraged base oil and additive purchases by local lubricant blenders, creating an artificial scarcity that has raised raw material prices locally. Read More

Chevron Launches Supply Hub in Turkey

Chevron on Monday announced an agreement for Istanbul-based chemicals distributor Ekin Kimya to supply its base oils and process oils in Turkey, aiming to provide base stock for the country's growing fleet of diesel engine trucks. Read More

SK Lubricants Posts Increased Profits

SK Lubricants posted operating profit of 113.8 billion Korean won (U.S. $94.4 million) for the fourth quarter of 2015, up 59.4 percent from 71.4 billion won in the year earlier period. For the full fiscal year, operating income was up 1.6 percent. Read More

Briefly Noted

Dublin, California-based lube and fuel additives manufacturer IPAC opened its first international production facility in Ghent, Belgium. Pilot Chemical Co. named Michael Scott president and said Pam Butcher, current president and CEO, will remain as CEO during a transition period, then move to the board of directors. United Kingdom-based industrial lubricants manufacturer Metalube opened an office in Dubai, United Arab Emirates, creating Metalube Arabia.