Home Authors Posts by Daniel Tyson
Calumet Specialty Products Partners repaid $31.4 million in federal Paycheck Protection Program loans Monday, two weeks after acknowledging that it could face penalties under shifting government policies for the program.
Tianhe Chemicals Group will appeal its delisting from the Hong Kong Stock Exchange on May 15, more than half a decade after trading of its shares was suspended over failure to meet stock exc-hange requirements.
Months after fire swept through parts of a local Lubrizol factory, citizens in the northern France town of Rouen are complaining of strong odors still whiffing around, an issue the company said it is taking a variety of actions to combat.
Base oil production in the United States dropped 9 percent in 2019, according to recently released data, as refiners perhaps let some air out of an over-supplied market. Exports – including those to most of the Americas – decreased, and imports swelled as domestic usage remained relatively flat.
Fog and floods are regular disruptors to barges carrying base oils on rivers. Suppliers and buyers can take steps to minimize impacts, though not to escape them completely.
Flooding remains a significant disruptor of barge traffic of base oil on U.S. rivers, and it could worsen in coming years without increased investment in infrastructure.