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Ingevity CEO Resigns, Interim CEO Named

Ingevity Corp. announced Feb. 20 that its board of directors and D. Michael Wilson agreed he would resign as president, CEO and a director, effective immediately, as a result of matters relating to his personal conduct. The company named Ingevity chairman Richard Kelson as interim president and CEO and established a CEO search committee.

Using Robot Subs for Transformer Inspections

The New York Power Authority recently used a mini submersible robot to navigate through the transformer oils in a power transformer to identify operation issues while reducing unplanned down time as well as risk to personnel.

Evonik Commissions Pilot Catalyst Plant

Evonik announced yesterday the commissioning of a pilot plant for scale-up of hydrogenation catalysts for oils and fats at its site in Dombivli, India. Oil and fat catalysts developed at the site can be used in the production of lubricants and other oleochemicals.

Japans Energy Supply to Slide as Efficiency Rises

Japans volume of primary energy supply - oil, natural gas, coal, nuclear and renewable electricity - is projected to decline by 0.4 percent in fiscal year 2020 due in part to continued energy efficiency improvements, according to a recent report from the country's Institute of Energy Economics.

Malaysian Auto Sales Expected to Edge Up

Malaysias vehicle sales are projected to grow 1 percent to almost 609,000 units this year, according to a forecast by Frost & Sullivan. The countrys economy is expected to continue recording positive growth this year, driving consumer confidence, the company said.

Kluber Acquires Wire Drawing Lube Maker

Kluber Lubrication announced last week it acquired wire drawing lubricant producer Traxit International GmbH and its subsidiaries.

ACEA: Focus on All Transport Modes

European Union institutions should revise the modal shift approach to transport policy - a shift from road transport to other modes such as rail - to a co-modal approach to improve the efficiency of each mode of transport, the European Automobile Manufacturers Association said in a position paper.

U.S. Auto Sales Expected to Slide in 2020

The National Automobile Dealers Association forecasted sales of 16.8 million new cars and light trucks in the United States for 2020, down slightly from 2019 sales volume.

IHS: Wind Energy Maintenance Spending to Grow

United States wind operations and annual maintenance spending is expected to increase by 50 percent from 2018 to more than $7.5 billion by 2030, according to a recent report by IHS Markit. The forecasted increase stems from a race to leverage a soon-to-expire U.S. federal tax credit for wind energy.

Calumet Fined for Inaccurate Earnings Report

The Securities and Exchange Commission on Nov. 25 charged Calumet Specialty Products Partners L.P. with posting an inaccurate and misleading earnings release in 2017. Without admitting or denying the findings, Calumet consented to entry of the SECs order and agreed to pay a fine of $250,000 as part of a resolution to the investigation.