Business

Earnings Rise for S-Oil, Dip for SK

Earnings Rise for S-Oil, Dip for SK

Lube Report Asia - October 28, 2020

S-Oil reported a strong increase in operating income for its base oil business, while SK Lubricants posted lower operati ...

Nynas Proposes Debt Restructure

Nynas Proposes Debt Restructure

Lube Report EMEA - October 25, 2020

Nynas AB announced a proposal Monday to restructure its debts to lenders and to repay other creditors, a major step towa ...

Bought Out of Japan, Shell Returns for Lubes

Bought Out of Japan, Shell Returns for Lubes

Lube Report Asia - October 23, 2020

A year and a half after acquiring it, Idemitsu Kosan Co. is selling Shell Lubricants Japan K.K. back to Royal Dutch Shel ...

Additive

Equity Firm Buys Angus Chemical Stake

Lube Report Americas - October 21, 2020

France-based private equity firm Ardian paid $2.3 billion to acquire a 50% ownership stake in Angus Chemical Co. from Go ...

Additive

Fuchs Elevates 2020 Outlook

Lube Report EMEA - October 20, 2020

German independent lubricants blender Fuchs Petrolub SE issued a preliminary report last week showing a 17% decrease ear ...

HCC Down, WD-40 Up

HCC Down, WD-40 Up

Lube Report Americas - October 19, 2020

Heritage-Crystal Clean’s oil business segment reported lower revenue for the third quarter, while WD-40 posted higher ...

Additive

Cadence Gets New Financial Backer

Lube Report Americas - October 14, 2020

Cadence Petroleum Group has obtained a new private equity investor, and the new backer plans to accelerate the expansion ...

Additive

Equity Firm Buys Warren Distribution

Lube Report Americas - October 14, 2020

A Chicago private equity firm announced last week that it has agreed to acquire majority stakes in Warren Distribution I ...

Additive

Hindustan Petroleum Sales Rise

Lube Report Asia - October 9, 2020

Hindustan Petroleum Corp. Ltd. reported that its lubricant sales edged up 0.7% in fiscal year 2019-2020, as it makes a p ...

Hydrodec Plans JV With Transformer Recycler

Hydrodec Plans JV With Transformer Recycler

Lube Report Americas - October 7, 2020

Transformer oil rerefiner Hydrodec announced it is forming a joint venture with a U.S. company that recycles electrical ...

Calumet Lubes Reportedly on Sales Block

Calumet Lubes Reportedly on Sales Block

Lube Report Americas - October 7, 2020

Calumet Specialty Products Partners LP, which has struggled to make profits in recent years, is considering a sale of it ...

Condat Acquires Italian Firm

Condat Acquires Italian Firm

Lube Report EMEA - October 6, 2020

French lubricant company Condat SA last week finalized the acquisition of Kemno, a specialist lubricant and coolant comp ...

Additive

Fuchs Acquires Italian Distributor

Lube Report EMEA - October 6, 2020

Fuchs Petrolub SE announced the purchase of Welponer SpA, an Italian lubricant distributor with annual revenue of €4 m ...

ExxonMobil, Ampol Ally in Australia

ExxonMobil, Ampol Ally in Australia

Lube Report Asia - October 2, 2020

Ampol will blend, distribute and market Mobil lubricants in Australia under a marketing alliance with ExxonMobil announc ...

Making a Clean Transition

Making a Clean Transition

Lubes'n'Greases - October 1, 2020

Today’s lube manufacturers blend hundreds of different products on the same equipment, necessitating periodic flushing ...

From the Upheaval: A Brave New Industry?

From the Upheaval: A Brave New Industry?

Lubes'n'Greases - October 1, 2020

The COVID-19 pandemic has reshaped the lubricants industry, but it’s not the only factor forcing industry players to c ...

Best Practices

Best Practices

Lubes'n'Greases - October 1, 2020

Staying Relevant I was surprised to see ExxonMobil stock removed from the Dow Jones Industrial Average in August, le ...

Additive

Brenntag Adopts New Structure

Lube Report EMEA - September 29, 2020

Chemicals distributor Brenntag said last week that it will change its operating model by forming two units – one to su ...