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Caitlin Jacobs

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European Grease Volumes Drop

Europe reported slightly lower grease production in 2019, according to a survey conducted by the United States-based National Lubricating Grease Institute.

North American Grease Production Slips

North American production of lubricating greases seems to have dipped from 2018 to 2019, according to a survey by the United States-based National Lubricating Grease Institute.

Wax Maker Acquires PVC Lubes Company

Canadian wax maker The International Group Inc. has acquired Picayune, Mississippi-based Rheogistics LLC, which supplies lubricants and mechanical stabilizers to the rigid polyvinyl chloride industry. The transaction was completed on June 12, according to a press release by investment bank and financial adviser Grace Matthews. Financial terms were not disclosed.

Slow Recovery Forecast for U.S.

The lubricants market faces a “very gradual” recovery, regardless of the ultimate size of the dip in the economy or the economic modeling scenario, consultants from IHS Markit said during a virtual town hall meeting organized by the Independent Lubricant Manufacturers Association last week.

Pandemic Hits Rerefiners from Both Sides

Rerefiners in North America are feeling the impacts of the Covid-19 pandemic in the form of reduced demand for their base oil and finished lubes, along with less feedstock. This is due to a dramatic decrease in the number of miles driven, with most people teleworking and traveling less for work, recreation and tourism.

Upping the Ante on Food-grade Lubes

Food-grade lubricant manufacturers looking to distinguish their products in the marketplace may wish to consider adding ISO 21469 certification to their NSF H1 credential.

Asian Markets Called Attractive

While Western businesses may wring their hands in frustration at the difficulties of doing business in Asia, at least one industry insider views high barriers to entry as positive.

ExxonMobil Expands PAO Plant

ExxonMobil announced last week that it has increased low-viscosity polyalphaolefin production capacity at its Gravenchon, France, plant by 19 percent to 105,000 metric tons per year.

Charting Success in the Chinese Market

In a country where effective marketing techniques are already significantly different from those in the West, Chinas lubricants market is poised for even more change in the near future, attendees heard during an industry conference held in London last month.

EVs to Shape China PCMOs … Eventually

Together with the United States, China will shape the passenger car motor oil market through 2040, said George Morvey of consultancy Kline & Co., speaking at an industry conference in London last month. The countrys emphasis on electric vehicles will play a major role during the latter part of the forecast.