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Daniel Tyson

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Calumet Returns Payroll Protection Loans

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.

Stock Exchange Hears Tianhe Appeal

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.

Covid-19 Impact Likened to Recession

Industry observers believe the Covid-19 pandemic could reduce lubricant demand at least as much as the Great Recession of 2008 did, though they expect the global crisis to affect some product categories more than others.

Locked-in Neighbors Complain of Lubrizol Odors

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.

U.S. Base Oil Output Fell in 2019

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.

Covid-19 Disrupts Auto Industry

The Covid-19 pandemic has caused automakers around the world to temporarily close factories, and this will reduce demand for factory fill lubricants as well as some industrial lubes, analysts say.

Planning for Disruptions on the River

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: Growing Obstacle to River Transport

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.

Fog Weighs on Base Oil Traffic

Hurricanes justifiably cause much consternation for Gulf Coast base oil refiners and their customers, but fog is a bigger disruptor, settling in more frequently and fouling supply chains for up to weeks at a time.

Lubrizol Vows to Fight Charges

Lubrizol will vigorously defend itself against charges of lax safety standards and pollution filed by French prosecutors last week, a company spokesperson told Lube Report Monday afternoon.
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