Finnish rerefiner L&T Recoil Oy and parent company EcoStream Ltd. filed for bankruptcy at the end of March, a former company official confirmed to Lube Report, and an estate administrator is seeking buyers for assets that include a rerefinery in Hamina, Finland. Read More
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The California Senate gutted a bill this week that would have required use of motor oils with at least 25 percent “biosynthetic” content starting in 2017. The U.S. federal court of Charleston, S.C., reduced former Delfin Group USA president Markos Baghdasarian’s prison sentence for exporting lubricants to Iran from three years to two years.