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Ask a high school senior or soon-to-be college graduate about the career they intend to pursue, and its likely that lubricant manufacturing will not be at the top of the list. Faced with an aging workforce and a potential skills shortage, some companies have taken the initiative to make lube production an attractive profession for young workers.
Research and development and technical managers pave the way for better formulations and can expect to be rewarded accordingly, at least for the 64 respondents who offered a glimpse into their compensation to the 2018 LubesnGreases Lubricants Industry Salary Survey.
Starting next year, passenger car and heavy-duty diesel engine oils sold in Mexico will be required to meet standards that minimize oil degradation, reduce emissions and increase drain intervals. The certification comes at a time when the Latin American country aims to keep unprofessional players off the market.
Plant managers at lube manufacturing plants and distribution facilities are compensated handsomely for overseeing a complex operation day in and day out, gauging from the 75 respondents who provided anonymous insights to the LubesnGreases 2018 Lubricants Industry Salary Survey.
As policies encouraging lower emissions and higher-efficiency equipment influence the types of fuels used to meet rising energy demand, methane and other waste gases in municipal landfills can be harnessed to generate electricity, which could increase demand for gas piston engines and, by extension, gas engine oil additives.
Environmental regulations, restrictions on chemical use and new lubricant options and machining methods have upped the ante for metalworking fluid formulators and managers to adapt to a rapidly evolving and complex market using long-term solutions instead of short-term goals, an industry insider said at a conference last week in Minneapolis.
Base oil producers in the United States pumped out 64.9 million barrels of base oils in 2017, making it the second-best production year in a decade. This represents 4.3 million more barrels than the 2016 total of 60.6 million barrels, according to U.S. Energy Information Administration data released at the end of February.
BRB International announced the opening of its Singapore joint venture, a partnership with Ban Guan Chemical that makes viscosity index improvers.
ExxonMobil announced last week the completion of an expansion at its lubricants blending facility in Taicang, China, a response to long-term growth that the company foresees in the countrys lubricant market. http://lngpublishing.admin.iproduction.com/Images/list_options_properties_bg.gif